News about properties and real estate
Real estate broker loses license in flipping cases Investigators described him as an elusive businessman who sometimes evoked religion to win over clients that he later scammed through unethical real estate and property management ploys. The state revoked James M. Graham’s real estate broker license as part of a consent decree that saw him admit …
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Homestead couple’s Chinese drywall case heads to court After months of legal wrangling, it appears one of the first lawsuits filed over faulty Chinese drywall is headed to trial in federal court. Melissa and Jason Harrell of Homestead filed a lawsuit against South Kendall Construction, Palm Holdings, Keys Gate Realty and Banner Supply in March. …
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Walking away from Florida mortgage doesn’t always clear debt You think banks are powerless to retaliate if you walk away from your Florida mortgage? Think again. Despite dozens of Web sites touting Florida as a prime “walk away” state — mail in the house keys and live debt free — foreclosed homeowners have learned that …
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Indicted: Fake Roman Catholic priest that took Trump Tower Tampa for $150,000 I’ve written several stories about Father Barney Canada, a convicted confidence man who took Florida developers for at least $1 million in loan application fees. One victim was Trump Tower Tampa, whose developer, SimDag Robel LLC, gave the “clergyman” $150,000 for a loan …
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Fifth Third works to turn around troubled Florida loans The more Mike Trombley heard about the Cay Club development in Clearwater, Fla., the more he liked the idea of investing in it. The sales pitch he got in late 2004 was the clincher: Buy now and get in on a luxury 5-star resort featuring renovated …
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Condo buyers allege flipping scheme Back in 2007, Steven and Joan Haber paid $260,000 for their retirement home in Charlotte County, a short drive from the multimillion-dollar beachfront estates of Boca Grande. The Condominiums at Waterside seemed like a steal. Within 18 months, the buildings were sold out and the newest units were fetching record …