News about properties and real estate
Con artist or beaten spouse? [Tampa Bay Area] She blames her ex. It’s an act, her victims in a housing scam say. Who is Synthia Ippolito? Is she, as prosecutors allege, a cunning con who bought the homes of 20 people under false pretenses, forcing victims to spend tens of thousands of dollars to buy …
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Islamorada developer faces lawsuit Robert Falor, the embattled condo-hotel developer, faces a new lawsuit over his ownership interest in Islamorada’s Cheeca Lodge. The Chicago developer who has feuded with partners in several hotel projects in South Florida now must fight a lawsuit in Monroe County from investors claiming mismanagement and breach of contract. At issue …
Housing developer’s investors ask federal court to step in [Norfolk Virginia] A half-dozen investors in CM Development have asked a federal court to force the company and its president into bankruptcy in an attempt to recoup some of the millions they’ve spent on properties across Hampton Roads. If successful, the investors’ move could spell the …
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North Port builders see grim future [South Florida] Because of the dramatic downturn in the real estate market, home builders are now replacing scrub jays as the most endangered species in this once rapidly growing city. Ignoring the laws of supply and demand, those builders churned out far more homes than were needed during the …
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FBI inquiry involves area home sales The FBI is investigating a convicted Florida cocaine dealer whose alleged mortgage frauds may involve homes throughout the Montgomery area and may leave investors with more than $1 million in potential losses. Federal agents received court permission earlier this year to search the offices of a real estate appraisal …
Condo may be on city property [Tampa Bay Area] Developers have spent more than a year constructing a $100-million high-rise condominium and retail complex in downtown Clearwater. But they may be building on some city-owned property. And that isn’t good, it seems, for anyone – the developer, the city, a local church, a title insurance …
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