`Shadow market’ clouds housing recovery A new study of homes likely to be put on the market for sale suggests S. Florida’s housing market will see more price declines just as values have been appearing to stabilize. The number of properties on the market may be much larger than anyone thought and appears likely to …
Category Archives: Legal
Consumer Advocate: Look before you leap into a reverse mortgage
Consumer Advocate: Look before you leap into a reverse mortgage The reverse mortgage – available to homeowners 62 and older – has met criticism lately from federal regulators and consumer advocates who say aggressive sales tactics are pushing the loans on consumers who don’t fully understand the consequences. The National Reverse Mortgage Lenders Association has …
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Fraud case tied to escrow checks [Central Florida]
Fraud case tied to escrow checks Mark Brady seemed to have it all during the real estate boom — two title companies, BMWs, a Hummer, powerboats, a $2 million home on Merritt Island, an oceanside condominium in Cape Canaveral and three other riverfront properties. Then, two days before Christmas, Brady was arrested — charged with …
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Richard White: Complying with Florida statutes is recommended for associations
Richard White: Complying with Florida statutes is recommended for associations Question: I have written to you previously about a potential vote our condominium complex entertained to opt out of the state statute. This vote for opting out was recommended by our management company. Well, the condominium members did vote to opt out. What is your …
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The Stresses of Buying Distressed Homes
The Stresses of Buying Distressed Homes Home buyers are finding that the battered real-estate market offers just as many opportunities for headaches as for bargains. Seth and Crystal Grotzke, both 25 years old, recently bought a bank-owned two-bedroom, two-bathroom townhouse in Edina, Minn., for $110,000—when similar homes in the same development were selling for as …
Leaving Affordable Mortgage May Become Winning Gambit [Southern California]
Leaving Affordable Mortgage May Become Winning Gambit [Southern California] Scott Conroy pays the mortgage every month on his one-bedroom condominium in San Diego, even though it’s worth 33 percent less than what he owes and it may take more than a decade to break even. Homeowners like Conroy who can afford their monthly payments are …
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