News about properties and real estate
Bankruptcy filings show deep debt of coastal investors [Alabama] Three of Bon Secour Village’s five developers have filed for bankruptcy, putting the already imperiled Gulf Shores development at further risk and illustrating how south Baldwin County’s burst real estate bubble has hit even the most moneyed investors. Cullman brothers Eddie and Josh Canaday — along …
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Lender can’t assume loan, ask for PMI Q: My mother-in-law’s mortgage was sold to another lender. The new lender is asking for PMI, which was not required by her previous lender. She has more than 50 percent equity in her home. She really cannot afford the PMI. Does the new lender have this right? A: …
Family Narrowly Skirts Foreclosure A close look at a how California homeowners pulled off a short sale. The homeowners: April Reed, 35, a real estate agent, and Eric Reed, 38, an electrician. The home: In October 2005, the Reeds bought a house for $294,000 in Chester, Calif., a small mountain community east of Chico, Calif., …
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Landlords fall into foreclosure, leaving tenants in shock, lurch In normal economic times, a landlord scrutinizes a potential tenant’s credit score before signing a lease. In today’s chaotic housing market, maybe it’s the tenant who should check out the landlord’s financial stability. Just ask Christy Orris, a single mother who last month signed a lease …
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Realtor knew Cape Coral in earliest days [South Florida] Gloria Raso Tate remembers Cape Coral as it used to be, before the population hit six digits, five digits or even four. Tate is a Realtor with Raso Realty in Cape Coral, a firm started by her late father, Joe Raso. Just 400 people inhabited the …
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You Don’t Have to Be Rich to Own a Home on the Beach Yes, this state is on sale. But how cheaply can you get a weekend home? After all, not everybody is in the market for a multimillion-dollar residence, or is ready to spend $1,000 a month on condo fees. So what kind of …
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