PMI is not much help If homeowners have been dutifully paying mortgage insurance all these years, shouldn’t the mortgage industry be covered in case of disaster? Like now? Not so much, say industry professionals, who helped me sort out this strange conundrum. It’s strange because private mortgage insurance, or PMI, can be a large chunk …
Category Archives: Legal
WL occupancy suit’s fees turn to tenants
WL occupancy suit’s fees turn to tenants Three Purdue University students who were part of a costly lawsuit over West Lafayette’s occupancy ordinance must now foot the bill for more than $52,000 in fines and legal costs. Jill Schuler, Kelly Underwood and Melissa Wood were among five women who lived in a rental home — …
In Florida, Despair and Foreclosures – NYTimes.com
In Florida, Despair and Foreclosures Desperation has moved into this once-middle-class exurb of Fort Myers, where hammers used to pound. Its straight-ahead stare was hidden amid the chatter of 221 families waiting for free bread at Faith Lutheran Church on a recent Friday morning; and it appeared a block away a few days earlier, as …
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Local company finds stability dodging bubbles
Local company finds stability dodging bubbles In a state notorious for asset bubbles, quick money and grand dreams, Bill and Joan Clark are decidedly out of place. Masters of discipline, they built a real estate empire over decades, focusing on safety and income —- and using almost no debt. Bill Clark will retire next week …
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Builder files lawsuits in Chinese drywall case | HeraldTribune.com | Sarasota Florida | Southwest Florida’s Information Leader
Builder files lawsuits in Chinese drywall case Lennar Corp. has filed a major lawsuit against a lengthy list of manufacturers, suppliers and installers whose products or services were used by the company in the construction of its homes carrying Chinese drywall. The suit from the Miami-based home builder over the drywall issue comes on top …
Proposal: Pay fee, skip condo-conversion line [Northern California]
Proposal: Pay fee, skip condo-conversion line Waiting to go condo is San Francisco’s version of waiting for Godot. Building owners can spend years vying for one of 200 condo-conversion slots awarded annually via a lottery. But this year San Francisco is considering letting people skip the line, offering a one-time chance to the hundreds of …
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