News about properties and real estate
Condo developer wears two hats [South Florida] Q: I am a condominium owner in a complex that has approximately 200 units, of which approximately half are rental units waiting to be bought. The owner of the property owns these units and calls all the shots. We have one meeting per year, which means nothing, since …
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Buddy Johnson’s misspelling and selective memory line his path to financial ruin [Tampa Bay Area, FL] The unsettling story of Buddy Johnson’s personal finances came out in dribs and drabs: mounting debt, unpaid taxes, foreclosures, and a lawsuit by an elderly couple who say the former Hillsborough elections chief swindled them out of their retirement …
Mirassou Condo seeks new system to collect owners’ fees [South Florida] Dealing with an ongoing crisis, the company that manages cash-strapped Mirassou Condominium wants to start a blanket receivership system to collect association fees from deadbeat owners. Concerned residents and their families gathered at the Northwest Dade condominium’s clubhouse for a board meeting Monday evening. …
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Ruling helps condos collect delinquent fees Condominium associations were handed a significant weapon late last week in the battle to collect rent directly from tenants whose landlords have stopped paying maintenance fees. In a significant development in condo law and a boon to struggling associations, a Florida appeals court has upheld a ruling allowing a …
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How to prevent flipping fraud Flipping fraud was not invented during this decade’s real estate boom. It helped burst Florida’s real estate bubble during the 1920s and played a key role in the nation’s savings and loan crisis in the 1980s. But widespread flipping fraud does not have to happen again with the next real …
Lifelines for Those ‘Underwater’ AS property values in the New York area slide, more borrowers are finding themselves “underwater,” which means they owe more than their homes are worth. Skip to next paragraph More Mortgage Columns Now the government is throwing a lifeline to such homeowners, along with similar borrowers nationwide. This month, the Federal …