State: Renters, too, face mortgage fallout To a family from the concrete canyons of the Bronx, it seemed ideal: a spacious Tampa home with a big back yard for the kids. And it was available for rent with immediate occupancy. Two months ago, Nikki DuFore and her husband paid the owner $3,000 and settled into …
Category Archives: Legal
Hallandale condo worker got hush money, cops say [South Florida]
Hallandale condo worker got hush money, cops say [South Florida] Three of the men accused of bilking $1.4 million from Hallandale Beach condominium owners paid a building employee $86,000 to keep quiet about the fraud, according to police. One place allegedly used as a payoff site: the parking lot of a Miami-Dade Wal-Mart. Valerie Davis, …
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Tampa tower loses Trump
Tampa tower loses Trump Trump Tower Tampa has lost its biggest asset: the Trump name itself. New York tycoon Donald Trump has terminated his contract with SimDag, the Tampa development team behind the proposed $300-million condo tower long touted as west Florida’s tallest and most luxurious. Trump’s defection could be fatal to a project launched …
Champion for homeless now faces own housing woes
Champion for homeless now faces own housing woes Westgate Tabernacle Pastor Alan Clapsaddle has fought for his church’s right to house the homeless and worked to find them a more permanent place to live, but he’s nearly lost that battle personally. The home he and his wife, Kim Guzma, owned is no longer theirs and …
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No profit doesn’t mean no taxes
No profit doesn’t mean no taxes DEAR BOB: I bought a rental property in 1991, which I sold for $450,000. To avoid capital gain tax, I used an Internal Revenue Code 1031 tax-deferred exchange to buy another rental property for $450,000. After renting it for 12 months, I moved in and have lived in it …
Investors in realty exchanges seek relief
Investors in realty exchanges seek relief Appeal to avoid paying taxes on money that vanished. Hundreds of investors – some who lost millions after the collapse of a firm specializing in tax-deferred real estate deals – are seeking relief from the Internal Revenue Service to avoid paying taxes on money that has disappeared. Many are …
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