Homeowners groups are in a fix John Rankin remembers the day the owner at 2214 Sonoma Drive skipped town. “He packed up his truck one day, and drove away,” said Rankin, president of the Mission Estates homeowners association in Venice. “Then he just never came back.” That was nearly a year ago. As weeks and …
Category Archives: Legal
Condo seller employs new strategy: pay back buyers [South Florida]
Condo seller employs new strategy: pay back buyers [South Florida] Selling condos in South Florida has become such a difficult task that some sellers are actually paying buyers to acquire their units. The Villas at Emerald Dunes, a recently finished condo development in West Palm Beach, is offering buyers a deal where the seller would …
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Office Investor Broadway Partners Faces the Music on Short-Term Debt [Manhattan]
Office Investor Broadway Partners Faces the Music on Short-Term Debt [Manhattan] Broadway Partners put its name up in lights by being one of the most aggressive buyers of office skyscrapers in the past two years. Now, it’s scrambling to put its financial house in order. Broadway, a closely held New York-based office investor, bought $13.6 …
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Unpaid fees trouble condos [South Florida]
Unpaid fees trouble condos [South Florida] From the West Broward suburbs to Miami’s trendy Brickell high-rises, condo associations are raising fees or cutting services because some of their members aren’t paying their share. At the Fountains of Tamarac, the condo association has no insurance, a couple of unit owners are cutting the community’s grass themselves, …
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Builder woes hit home [North Florida]
Builder woes hit home [North Florida] Six months ago, the lots in Weschester, a subdivision in northwest Gainesville, were flying off the market. Today the first wave of homeowners is beginning to wonder when the vacant lot next door will see development. Continue to 2nd paragraph And further signs of troubling times have come as …
Foreclosures take money from neighbors
Foreclosures take money from neighbors Valerie Guerra’s Livermore home has lost $100,000 in value through no fault of her own. Guerra and her husband have paid their mortgage without fail. Yet foreclosures in her neighborhood and on her street have erased much of the equity in their house. “I certainly believe my house is worth …