News about properties and real estate
Foreclosure may sock Hollywood in its wallet [South Florida] Project’s collapse could cost public $1.6 million Two cornerstone buildings in a project aimed at turning Young Circle into a center of art and culture have gone into foreclosure, leaving taxpayers on the hook for at least $1.6 million in mortgages. The Young Circle Garage, bought …
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Trailer-Park Sales Leave Residents With Single-Wides and Few Options [Long Island] In the middle of Long Island’s Gold Coast, where home prices easily reach $1 million, sits the Syosset Mobile Home Park, where a trailer can be had for under $50,000 and the monthly fee for taxes, water and sewage runs about $500. The children …
Builder left homes undone; CEO faces arrest [South Florida] Alisha Buckingham just wanted a two-story home. At the time, only two home builders in the city offered models with that specification. Contracting with Avalon Homes, she and dozens of other families learned, was a costly decision. Avalon collapsed last fall, leaving 50 homes unfinished and …
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Will property tax relief help you? The Legislature’s proposed changes to the way counties, cities and school districts levy property taxes could save you thousands of dollars per year. Or not. Some changes could mean dramatic savings for owners of businesses or second homes but do little for year-round homeowners. On the other hand, a …
Real estate slowdown is coming home across area [South Florida] Troubles in the market are acutely felt as home inventories rise, prices fall and expectations sink. Green, 39, is a real estate appraiser. He used to live in Seminole Heights in Tampa. He and his wife, Leah, have a 2-year-old son. Lester, 54, owns what …
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Lure of cash attracts investors [Indianapolis] The lure is easy money. No cash down. Just use your credit rating. That’s what got Tiamia Reese tangled in the failed 2002 real estate scheme that ruined Florida mortgage lender Oceans Funding and plunged 22 Indianapolis houses into foreclosure. Now, Reese is set to testify against David Day …
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