News about properties and real estate
Finding Funding for a Real Estate Venture Q: I recently started a small business of buying and rehabbing homes for rental to the incoming military in the area. The banking crunch has halted our purchases as of now. I am looking for funding to complete the homes already purchased. Is there help out there for …
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Want a green card? Pay $1M for stake in Orlando-area condo hotel [Central Florida] Condominium hotels were among the first real-estate investments to go sour as the housing market slumped and, later, the credit markets seized up. But Lake Buena Vista Resort Village & Spa is hoping the lure of permanent U.S. residency will eventually …
Rent-to-own home leases becoming more popular In South Florida’s depressed housing market, some people are taking a wait-and-see approach by renting with an option to buy later. Leasing is still more common with cars, but the concept is spreading. Sellers are willing because they’re struggling to unload their properties, and a rent-to-own contract brings in …
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Failure to fund board’s reserves could have future consequences Question: I live in a retirement condominium that is about 40 years old. Our county notified us that our condo must be inspected by an engineer to determine if it has construction deficiencies. The report indicated that our main problem was the roof. We recently started …
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Loan renewals pose threat; one builder acts to force negotiation Unable to get bankers to renegotiate nearly $22 million in debt, Southwest Florida home builder Lee Wetherington has filed a legal action akin to a bankruptcy proceeding. Wetherington said that the filing, known as an “assignment for the benefit of creditors,” affects only the development …
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Have a problem at your South Florida condo? Make sure you go about resolving it the right way A curious rooftop noise has kept Phyllis Howard from getting a good night’s sleep at her Tamarac condo for two months. Howard, 81, describes it as a recurring and irritatingly constant “bam-bam” sound akin to a coin …