News about properties and real estate
Miami-Dade property tax appeals flood in from condo associations With the deadline to appeal property taxes a week away, local appeals firms are hard at work, with many more cases coming from condo associations seeking appeals on behalf of unit owners. With condo values dropping steeply, many condo associations are filing class appeals on behalf …
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Condo converter ordered to turn over 15 units to association A South Florida condominium converter who was renting out units but ducking his maintenance fees has been ordered to turn over ownership of 15 units to the condo association, plus rent checks that had been improperly collected. Facing possible jail time for contempt of court, …
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Should You Buy REITs? If you don’t already have a significant chunk of your net worth invested in rental property, it’s time to think about buying stock in real estate companies. But in our first Real Estate Stock Talk, Alexander Goldfarb, a seasoned stock analyst, and Peter Slatin, a veteran journalist and industry observer, suggest …
Birmingham banks going to great lengths to rid books of bad loans and real estate When Regions Bank has bad loans — and it has a lot of unpaid and delinquent ones right now — they get turned to Cash. Jeff Cash, that is. He is Birmingham-based Regions’ point man on clearing out bad debt. …
Why should board check out renter? I own a condominium that I rent. On the application for lease, it states that a background and credit check will be done at the owner’s expense. A board should not have the need for such a check, as the tenant pays the rent directly to me. What are …
Missing Miami Beach developer may face arrest [South Florida] Developer Michael Stern — the chief witness in a Miami Beach City Hall bribery probe — has repeatedly refused to return from Uruguay for hearings in his bankruptcy case, prompting a judge to threaten him with arrest. U.S. Bankruptcy Judge Robert Mark found Stern in contempt …
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