News about properties and real estate
Banks still want money in foreclosures Twice a year, Jim Applegate, Certified Financial Planner, organizes 16 financial planners in two shifts to sit from 9 a.m. to 3 p.m. at The News-Press headquarters in Fort Myers, using its phone lines to randomly rotate financial planning questions called in by our readers. As I have mentioned …
Continue reading “Elder Law: Investors beware deficiency judgment”
A Way Out of That House Heading toward Christmas of 2006, Tim Knopf knew he was in trouble on the mortgage he was paying to a long-distance lender. He had just refinanced his Palmetto home for $279,000, setting himself up with a monthly payment that would start out tough before getting tougher. Then he lost …
Real Estate Transactions for Non-Profits Can Be Daunting The sale of a church building is not like other commercial transactions. “Although we have to follow the same legal guidelines and regulations as any commercial property for office or industrial use, non-profits also have to have IRS approval. They have to have their 501(c)(3) documentation. The …
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Business coalition opposes hike in real estate transfer tax [Chicago] Calling a proposed 40 percent increase in a government fee charged on Chicago home buyers “the wrong tax on the wrong people at the wrong time,” a coalition of real estate agents, home builders and business interests Thursday urged the City Council to delay a …
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With Builder in Bankruptcy, Buyers Are Left Out Ettore and Larisa Costanzo are showing off their new house, which they love madly. “Notice how we upgraded so there’s tile on all the floors,” said Mr. Costanzo, a retiree from Brooklyn. He pointed to the Kashmir granite in the kitchen. “It’s nice, no?” Now if only …
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A master insurance policy for your condo isn’t enough Sometimes, we need a painful experience to prod us into doing what we should have done in the first place. On Oct. 1, a serious fire ravished a condominium building in the Adams Morgan section of Washington, D.C. Fortunately, it does not appear that there were …
Continue reading “A master insurance policy for your condo isn’t enough”