News about properties and real estate
New-home prices keep falling in Orange, Osceola, Seminole [Central Florida] Prices for new single-family homes in the Orlando area continue to fall and will likely keep falling for months to come, according to the latest report by Charles Wayne Consulting Inc. in Maitland. The average price paid for a new production-built home — not a …
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New Florida condo law is about to take effect In a situation that might qualify as a “be careful what you wish for” tale, several new Florida laws related to condominium insurance policies are slated to go into effect Jan. 1. The problem is they are essentially unworkable as currently written — leaving many condo …
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Promises of help with mortgages, but foreclosure is still most likely outcome Federal and state officials, eager to stabilize the housing market, have leaned hard on mortgage companies to honor their pledges to help more homeowners avoid foreclosure. But in California at least, the mounting pressure has so far produced only modest results, according to …
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Lagging economy hits Palm Beach as homes languish a little longer on market Palm Beach has enjoyed a hearty share of eye-popping home sales figures this year, including closings of $77.5 million and $95 million. And according to a fall 2008 residential market report from Brown Harris Stevens, those heavyweight figures have thrust the average …
Real-estate investment firm fights to stay afloat [Pheonix Arizona] Last week, Phoenix-based real-estate investment firm Right Place Properties spent investors’ money to purchase multifamily housing units, promising a healthy return on their cash. Then on Monday, the company and its designated broker, Red Door Commercial, shut down their Web sites, disconnected the phones, laid off …
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Short Sale vs. Foreclosure I am in default on 12 jointly-owned properties that I am trying to liquidate as part of a divorce. All of my properties are currently worth less than the mortgage balances, due to the tough real estate market. I am aware that I will likely be taxed for the amount of …