Trashed homes part of foreclosure crisis Mounting foreclosures have created a cottage industry in Lee County: the trashout business. Here’s how it works: When a lender takes back a home in foreclosure, or a landlord kicks out a recalcitrant tenant, the trashout specialists are called in to clean up their mess. Advertisement Jillian Miller, a …
Category Archives: Real Estate
Strategy to stave off foreclosure falls short
Strategy to stave off foreclosure falls short More than 7,000 homeowners facing foreclosure in the Valley are trying to sell their homes through a process known as a short sale, according to Arizona Regional Multiple Listing Service data. But less than 5 percent manage to sell before lenders seize their houses. The failure by banks …
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Vultures in Miami’s Real Estate Market [South Florida]
Vultures in Miami’s Real Estate Market [South Florida] On the 79th Street Causeway that connects inner Miami to the city’s beaches, a colony of giant turkey vultures sits ominously on a radio tower, staring at the downtown skyline. Migratory scavengers, they’re drawn to tall buildings. Across the bay, vulture investors, that other breed of migratory …
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St. Petersburg condos thrive amid economic turmoil
St. Petersburg condos thrive amid economic turmoil [Tampa Bay Florida] Its recent record of bankruptcies, broken contracts and busted lenders aside, the Tampa Bay area’s condo tower market still has a pulse on the St. Petersburg waterfront. As all-but-dead projects like Trump Tower Tampa hold off creditors in bankruptcy court, Ovation in downtown St. Petersburg …
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26 sue law firm over West Palm Beach condo money [South Florida]
26 sue law firm over West Palm Beach condo money [South Florida] More than two dozen buyers trying to recover deposits on the failed Palladio Terrace condo have filed a $2.5 million lawsuit against the Gunster Yoakley law firm, claiming the firm failed to properly guard their cash when it served as the condo’s escrow …
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Errors in loan documents can save strapped homeowners
Errors in loan documents can save strapped homeowners Homeowners who are having difficulty getting the attention of their lenders to discuss their troubled mortgages might want to obtain a forensic loan review to determine if their lenders made any mistakes when the mortgage was issued. Even a $30 miscalculation on the lender’s part could be …
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