Foreclosures spark HOA fee hikes The wave of foreclosures in Florida continues to batter condo and homeowner associations, which have been forced to cut expenses and raise fees. That’s according to a survey of 1,589 property owners released Monday by Hollywood law firm Becker & Poliakoff. Becker & Poliakoff attorney Ken Direktor points to the …
Category Archives: Legal
Opportunities abound for tenants, investors [Tampa Bay Area]
Opportunities abound for tenants, investors [Tampa Bay Area] The dynamics of Southwest Florida’s office market are delivering healthy doses of caution and opportunity alike. An abundance of new construction in recent years has supplied the region with a surplus of available space, which has affected absorption and vacancy rates already slowed by economic conditions. While …
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Expert: Foreclosures to dominate real estate in 2009
Expert: Foreclosures to dominate real estate in 2009 Foreclosure filings in Nevada dipped in January, but no one should take that as a sign the housing market is closing in on a recovery. Nevada continues to hold the top spot in foreclosure filings as a national push is intensifying to do something about the problem. …
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Once high-flying South Florida developer’s properties now unfinished, derelict
Once high-flying South Florida developer’s properties now unfinished, derelict Glenn Wright’s fortunes soared with the city’s hunger for luxury real estate. His two-story Georgian homes rose up in older neighborhoods, much to the chagrin of residents who derided them as “McMansions.” But the developer who once was one of the biggest names in high-end Fort …
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Richard White: Remaining members are assessed for bad debt
Richard White: Remaining members are assessed for bad debt : Columns : Naples Daily News Q. When a unit is in foreclosure with no reasonable expectation of collecting monthly assessments or a special assessment, how is that unit’s shortage or a special assessment equitably charged to the remaining unit owners? For simplicity, suppose 10 units …
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Deciding To Rent Out Is Tough, But Spare Homes Pay Their Way
Deciding To Rent Out Is Tough, But Spare Homes Pay Their Way Own a spare home? Many who do cash in by renting them out. Whether that’s personally worth it depends on circumstances, objectives, and changing wrinkles in the tax code. Physician Dorothy Dugger offered to rent out her home near Tampa, Fla., for the …
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