News about properties and real estate
More baby boomers are retiring while still paying mortgages — and some expect to make house payments into their 90s, mortgage brokers and financial planners say. It’s part of a trend: Many current and future retirees are opting not to follow the traditional golden rule of paying off their home before their last day at …
Continue reading “Some boomers to their mortgage: ‘Til death do us part’”
As a consumer attorney, it isn’t often that I get to say “bankruptcy” and “exciting news” in the same conversation, let alone in the same breath.But in May, the 11th Circuit Court of Appeals, which covers all of Florida, made some exciting bankruptcy news. A three-judge panel ruled that homeowners with a completely underwater second …
Summer is here, and so is this year’s crop of summer rentals. In some areas, the market for vacation properties is even perking up after a string of down years. If you are a vacation-home landlord or thinking of becoming one, it is time to review the tax rules on rental income from second homes. …
Continue reading “Tax Report: Rules for Renting Out Your Vacation Home”
Prior to selling or renting your condominium or home, can board members demand to inspect your home inside and out to make sure your property is not in violation of community rules? Can an association demand its own down payment from a potential renter or buyer? These are questions from Sun Sentinel readers. And we …
Continue reading “Can your board inspect your condo or home?”
Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or “robo-signing” documents — as they pushed through some foreclosures.Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But …
Continue reading “For Some, ‘Frustration’ Over Mortgage Settlement”
Chief Deputy Attorney General Fran Hughes said West Virginia residents who were affected by the recent multistate mortgage settlement might see more than $2,000.State attorneys general, federal officials and the country’s five largest mortgage servicers reached a $25 billion settlement. West Virginia is set to receive about $33 million of that money. Of that, an …
Continue reading “W.Va. mortgage victims might get more than $2,000”