First-time home buyer? You’re in luck Is now the time to buy a house in Central Florida? The answer to that question is hardly simple, given the prolonged housing slump and the nationwide recession. It also depends on a complex mix of personal issues and factors, including, of course, “The Fear Factor.” If you own …
Category Archives: Legal
Unpaid fees put Florida condo owners in foreclosure
Unpaid fees put Florida condo owners in foreclosure Sitting in her small condo in one of Tampa Bay’s biggest retirement communities as her hands tremble, a 75-year-old woman reads a letter threatening to put her out of her home. Like so many other Floridians, Ann Studen is facing foreclosure. But in her case, it has …
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Royal Palm hotel heads for bankruptcy
Royal Palm hotel heads for bankruptcy Six years after opening the Royal Palm, developer R. Donahue Peebles has put the entity that owns the South Beach hotel into bankruptcy protection amid a dispute with a lender trying to foreclose on the property. The bankruptcy filing of Royal Palm Senior Investors marks the latest twist in …
Default-y tower
Default-y tower The New York owner of Boston’s landmark Hancock Tower defaulted on a key loan payment this week, in what’s become one of the most spectacular commercial real-estate flops in the city’s history. Broadway Partners LLC, the once high-flying investment firm that purchased the Hancock for $1.3 billion in 2006, was involved in intense …
Advice for renters if landlord faces foreclosure
Advice for renters if landlord faces foreclosure You’re paying your bills, but your landlord isn’t. And you’re the one holding the eviction notice. This is becoming an all-too-familiar scenario for thousands of renters nationwide who have become the unintended victims of foreclosures. Banks are booting good tenants onto the streets with little to no notice …
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Investors returning to Inland housing scene
Investors returning to Inland housing scene After retreating in fear from housing’s sudden collapse, those who buy homes as an investment are reappearing in Inland Southern California’s beaten down marketplace. Sharply discounted foreclosed properties are luring back the first wave of professional investors and amateurs, both those hoping to “flip” for a quick buck and …
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