Can Son Co-Own And Rent Florida Condo? Q: I’m planning on acquiring rental property and my son is looking for a primary residence, so I’m going to buy a condo or villa in Florida and rent it to him. To attain owner-occupancy status, I intend to put both our names on the mortgage as Tenants-in-Common. …
Category Archives: Real Estate
Chapter 13 standoff thwarts foreclosure on St. Petersburg house for years
Chapter 13 standoff thwarts foreclosure on St. Petersburg house for years [Tampa Bay Area] With the economy tumbling, thousands of Floridians have filed bankruptcies in a last-ditch bid to keep their homes from foreclosure. Among them was 55-year-old Rose King. In the end, she was unable to save her home, but it certainly wasn’t for …
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HOA Lawyer In Risky Business
HOA Lawyer In Risky Business Bob Tankel wants you to know that he’s not Snidely Whiplash. As an attorney for more than 500 homeowners associations, Tankel is foreclosing on people’s homes for unpaid association dues with surprising frequency. Although some are investors, others live in the homes and lose them because of a few hundred …
Hard times for Merco Group [South Florida]
Hard times for Merco Group [South Florida] Starting with one earthquake-damaged building in downtown Los Angeles, the Meruelo family spent nearly four decades building a real estate empire stretching from California to Florida. But even as family-owned properties like the Grand Bay hotel in Coconut Grove and high-rise condominiums attest to the family’s success, the …
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Village offers cash so you’ll take Manhattan [Chicago]
Village offers cash so you’ll take Manhattan Not long ago, it was news when builders and home sellers were looking to spice up their deals by dangling, say, a flat-screen television in front of prospective buyers. But that’s sooooo 2007. Take, for example, south suburban Manhattan, where it’s the village government giving the incentives. The …
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Floods expose homeowners to big insurance risk
Floods expose homeowners to big insurance risk David Spicer gutted his one-story home after a nearby creek flooded last weekend. He and some friends ripped out soggy insulation and removed the ruined furnace. He even carved away a couple feet of flood-damaged drywall to fight mold. Now, he must figure out how he’ll pay to …
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