News about properties and real estate
26 sue law firm over West Palm Beach condo money [South Florida] More than two dozen buyers trying to recover deposits on the failed Palladio Terrace condo have filed a $2.5 million lawsuit against the Gunster Yoakley law firm, claiming the firm failed to properly guard their cash when it served as the condo’s escrow …
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Errors in loan documents can save strapped homeowners Homeowners who are having difficulty getting the attention of their lenders to discuss their troubled mortgages might want to obtain a forensic loan review to determine if their lenders made any mistakes when the mortgage was issued. Even a $30 miscalculation on the lender’s part could be …
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Q&A: Time to pay the piper on condo roof replacement Q: I live in a retirement condominium that is about 40 years old. Our county notified us that we must be inspected by an engineer to determine if we have construction deficiencies. The report indicated that our main problem was the roof. We recently started …
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New lender rules on ‘buy-and-bail’ to help, and hurt A crackdown by mortgage lenders on a fraudulent practice known as “buy-and-bail” could make it more difficult for law-abiding homeowners to take advantage of today’s depressed market. The scheme involves owners telling the lender on a new home that they plan to keep their old one …
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Housing Pain Gauge: Nearly 1 in 6 Owners ‘Under Water’ The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults — the very misfortune that touched off the credit crisis last year. The …
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Palm Ballroom in Palm Beach Hotel aiming to avoid foreclosure sale [South Florida] Just last year, the Palm Ballroom’s cypress ceiling covered cabaret shows and big-name acts like The Drifters. Today, the dusty space within the Palm Beach Hotel looks like it last boogied in the 1920s, when the ballroom was built. Absent a $3.26 …