News about properties and real estate
Harborage condo buyers tout law in fight for deposits With no signs of a real-estate rebound in sight, a slew of buyers are trying to get out of their luxury condo contracts at Boca Raton-based Altman Development Corp.’s waterfront project in Stuart. The would-be owners of seven condos at Harborage, Altman’s 126-unit development on the …
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Even top commercial properties are suffering from market crisis [South Florida] Even top-tier properties are showing they’re vulnerable to turmoil in the residential real estate industry. The owners of prime properties in Aventura and the West Brickell area of Miami are the latest to feel the financial pain. Lehman Brothers Holdings is suing developer Shefaor/Tarragon …
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As mortgage noose tightened, these 3 slipped its grip [Philadelphia] When Janice Freeman bought her $65,000 fixer-upper in Overbrook six years ago, she was working two human-services jobs, including one with lots of overtime, and had tenants paying $1,000-a-month rent. She was proud that buying her first house after a lifetime of renting provided a …
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Almost homeless over $100 Can you lose your home over $100 in late fees? Most Southwest Florida residents are by now quite familiar with how lenders can take back a property through foreclosure. But under Florida law, it is not just banks that can foreclose — homeowners and condominium associations can take a home to …
Dealmaker elevated flip to an art In the midst of the 2006 U.S. congressional campaign, Mark Brivik held a fundraiser at his multimillion-dollar home on Longboat Key for Republican candidate Vern Buchanan. It was a swank affair, say those who attended. Even the Israeli ambassador was there. The party spotlighted Brivik at the height of …
Mortgage Crisis [South Florida] As more South Florida homeowners fall behind on their mortgage payments, many lenders are slow to embrace a less costly alternative to foreclosure: short sales. In a short sale, lenders allow owners facing foreclosure to sell their homes for less than the mortgage balance. The lender absorbs the shortfall, but limits …