Home sale between family has benefits DEAR BOB: I am buying my first home in the next couple of months from my aunt and mother. They’re inheriting my grandmother’s home, but neither of them wants to keep it. What is the best way to go about this family purchase? –James M. DEAR JAMES: Your aunt …
Category Archives: Legal
Builder leaves subcontractors unpaid [South Florida]
Builder leaves subcontractors unpaid [South Florida] Tradesmen say they’re owed more than $1 million Imagine hiring a dozen crews to build at least two dozen homes and then running out of money before you can pay them for their services, and you can imagine the mess that Construction Compliance Inc. faces. The company, which has …
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Kara Homes seeks $5M loan to keep operating
Kara Homes seeks $5M loan to keep operating Bankrupt builder Kara Homes Inc. wants to borrow $5 million from a hedge fund, money that the company would use to stay afloat and finish the construction of some homes that are close to completion. The loan from Plainfield Special Situations Master Fund Ltd., a hedge fund …
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Condo builders: Deposits back soon [South Florida]
Condo builders: Deposits back soon [South Florida] Still debating which New Year’s resolution to keep through next week? Developers of two unbuilt West Palm Beach condo projects have their resolutions already lined up: We promise to give buyers back their deposits … soon. During the past month, buyers in the Opera Place and Palladio Terrace …
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What’s Become Of The Condo Conversion?
What’s Become Of The Condo Conversion? Two years ago one of the easiest ways to make big money in America was to convert apartments into condominiums. The housing slowdown has taken a toll, pruning profits and thinning out herds of condo buyers so much that many converted properties are reverting to apartments. But conversions still …
Condo complex goes back to lender [Southern California]
Condo complex goes back to lender [Southern California] A 280-unit Oceanside condominium complex from one of the county’s most prolific condo converters has been taken over by its largest lender. Developer Maisel-Presley agreed to hand the keys to the River Oaks project over to Bank of America last month after the bank initiated a foreclosure …
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