News about properties and real estate
Builder faces $7M foreclosure [South Florida] Owner of J&J Homes is in an interest rate dispute over a mortgage on Venice acreage. Sellers are foreclosing on a 141-acre property owned by Jacques Cloutier, the head of one of the region’s oldest and most prolific home builders, J&J Homes. A consortium led by Dr. Robert E. …
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Suspect in Yonkers doctor’s slaying had financial setbacks The suspect in last week’s killing of Dr. Leandro Lozada had suffered a number of recent financial setbacks, and foreclosure proceedings were filed against him on the same day that he sold the house on Brendon Hill Road where the slaying occurred. Samuel L. Saunders, 59, borrowed …
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Inman Consumer News DEAR BOB: My husband and I own five rental houses together. We are very happy you encouraged us, years ago, to invest in rental houses. By making extra mortgage principal payments, two of the rental houses are now free and clear. The others will have their mortgages paid off in a few …
Refinance an option for sites in foreclosure A Wichita developer is closing in on a plan to refinance 19 local properties named in a foreclosure lawsuit. Joe Cassell, the attorney for developer Mark Nordyke, said he expects his client to refinance the properties named in a $2 million lawsuit filed in mid-November by Sunflower Bank. …
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Seller financing eases sale You already know that the current home buyer’s market — with more homes listed for sale than there are active buyers searching for residences — in most cities is a great time to purchase a home. But there’s another reason to buy a resale house now. Anxious sellers are offering sales …
Failed land deals link Husani and Kolbe circles [South Florida] It is a coincidence that Neil Mohamed Husani and Todd Kolbe, two of the most prolific real estate deal-makers in Southwest Florida, lived in the gated community of Laurel Oak Country Club in Sarasota. But it is no coincidence that their business and investment circles …
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