News about properties and real estate
Real estate brokers struggle to resurrect churches Faced with a smaller congregation, the Second Church of Christ, Scientist, in Sacramento, Calif., is up for sale. Church members hired a real estate broker in December and priced their two buildings on 15,000 square feet at $1.4 million. Two months later, Leigh Nurre faces one of the …
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Homeowners, lawmakers gain from GOP tax reform. Is it fair? [Florida] The Republican House leadership says its proposal to eliminate taxes on homesteaded properties while increasing the sales tax from 6 percent to 8.5 percent is a bold attempt to address inequities dogging the current system. Critics say the proposal would hurt the poor, renters …
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Overdue mortgages linked to risky loans An explosion in overdue mortgages tailored to home buyers with less-than-sterling credit has driven foreclosure filings to record highs in Massachusetts. These mortgages, known as subprime loans, charge higher interest rates to compensate the lender for the risks associated with customers who have low credit scores or large credit …
Marshals, investors seek Daniel Prewett [South Florida] U.S. Marshals are looking for Daniel Prewett, the Sarasota investment company owner free on $1 million bail for a federal money laundering charge. So are a growing number of local investors like Reagan Leonard, who heard a rumor Prewett had left town and went to the office Tuesday …
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Anatomy of a failure Tony Antoine signed the papers with relief, a month-long process finally finished. He, his wife and two young children looked forward to moving into a $400,000 Palm Beach home. The Florida home seller was even more relieved. His home was finally purchased after nearly six months on the market. The next …
Clough: Lawsuits build on canceled condos [South Florida] Buyers of canceled condo projects in downtown West Palm Beach are becoming increasingly angry – and frantic – over unrefunded deposits on units, and unfulfilled contracts. Dozens of buyers fell for sales pitches promising gleaming high-rises. Instead they wound up with fading sales brochures. Most upsetting: Some …
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