News about properties and real estate
Firm’s foreclosure net snags ex-condo owners Arianne Fernandez could not believe what showed up in her New York City mailbox in early June. It was an official-looking envelope with her name on it, and inside, notice of a foreclosure hearing. She was named in the suit. So was her mother. So was her sister. Her …
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More couples taking home-buying leap The National Association of Realtors says unmarried couples buying a home together are the second fastest growing segment of American home buyers. In 2007, unmarried couples accounted for 7 percent of all home buyers. Their average age was 32 years old, which makes them the youngest of all first-time home …
Arena developer angling for time [South Florida] The company behind the partially built arena in Lakewood Ranch has sought Chapter 11 bankruptcy protection in a move company officials say will buy them time to find financing and jump-start the stalled project. The filing Friday by DVA Arena led to cancellation of a foreclosure sale of …
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Mortgage failures up as home prices fall As the economy worsened in June, the number of homeowners behind on their mortgages nearly doubled, contributing to prolonged pain for the South Florida housing market. Meanwhile, interest rates on home loans soared this week to their highest point in a year, meaning borrowers looking to buy a …
Continue reading “Mortgage failures up as home prices fall – 07/25/2008 – MiamiHerald.com”
How gifting real estate into a trust can set up your retirement Question: Wow! Do I wish I could talk to that family (in your April 3 column)! I just assisted a couple with a charitable remainder trust that saved all the capital gains on a $1.2 million dollar home, gave them $600,000 in cash …
Real estate president buys out developer Sky Sotheby’s President Chad Roffers is buying the equity stake in the firm owned by developer Marvin Kaplan. Terms of the arrangement were not disclosed. The deal is expected to close this week, Roffers said. It marks the second time this year that Roffers has closed ranks in ownership …