Ruling favors condo builder Trying to back out of a pre-construction purchase on a condo? If you’re rich, forget it. But if you have money troubles, it might be easier to do. That’s the finding of a Palm Beach County Circuit Court judge, who earlier this month ruled that a buyer could not back out …
Category Archives: Legal
Sinkhole problems driving family toward foreclosure
Sinkhole problems driving family toward foreclosure Nicole Stotz’s patience is broken. The same goes for her terrazzo floor and stucco walls. You can see the cracks. Two years after moving into her one-story home along Pinehurst Drive, sinkhole conditions have caused her abode to show signs of ruin. “I didn’t want to move before,” Stotz …
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Commercial sales signal active market
Commercial sales signal active market A spate of recent sales illustrate that while the region’s residential market remains sluggish, commercial real estate here continues to be highly sought after. The trend of recent transactions, involving nearly a half-dozen high-profile properties, also underscores how capital is still flocking to land and buildings. The transactions involve the …
Briny backer finds himself in middle of mortgage mess
Briny backer finds himself in middle of mortgage mess John Devaney, the deep-pocketed, high-flying trader who’s lead financier for the $510 million purchase of Briny Breezes, is facing a financial squeeze after a series of bad bets on the subprime mortgage market. Angry neighbors and skeptical regulators had been the biggest obstacle to a development …
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Texas Resort Avoids Foreclosure
Texas Resort Avoids Foreclosure A West Texas resort billed by its owner as an exclusive desert getaway for the rich and famous has filed for federal bankruptcy protection. The eight-page filing in federal court in Midland on Monday came a day before a Connecticut real estate loan company was set to foreclose on an unpaid …
Home buyers duped into foreclosure [South Florida]
Home buyers duped into foreclosure [South Florida] The beige ranch house at 4501 SW 13th Ter. looks much like any other on this ordinary street in the Little Gables neighborhood. But it’s one of a string of homes bought for more than $7 million in suspicious mortgage deals orchestrated by the former co-owner of a …
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