Law Firms Cash In On Foreclosures Their work can be so repetitive that some are known, disparagingly or not, as “foreclosure mills.” But the niche field of foreclosure law is profiting enormously from the boom in Florida home foreclosures and is on a hiring spree. One Tampa law firm, Florida Default Law Group, filed more …
Category Archives: Real Estate
Property auction had a lot of silence
Property auction had a lot of silence The crowd filed in to the large white tent behind the Bahia Mar resort for Friday’s real estate auction organized by Sotheby’s and Daniel DeCaro Auctions as a four-piece jazz band played a peppy rendition of “I Feel Good.” But as auctioneer Daniel DeCaro stood and watched from …
GL Homes bucks trend, buys $117 million of land [South Florida]
GL Homes bucks trend, buys $117 million of land [South Florida] Home builders are dumping land, cutting workers and otherwise retrenching, yet GL Homes is still buying. The Sunrise-based builder just paid $117 million for 1,068 acres west of Delray Beach. Privately held GL Homes bought the site from the Hyder family. The builder put …
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Real estate investment trusts prove disappointing in 2007
Real estate investment trusts prove disappointing in 2007 Since January 2001, I have regularly suggested that investors consider adding real estate investment trusts, or REITs, to their portfolios. In that time, the total return from REITs through 2007 has been about 273 percent. Thus, investors who followed the suggestion did quite well. However, 2007 was …
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As Sky Falls, Condos Look For Protection [Tampa Bay Area]
As Sky Falls, Condos Look For Protection [Tampa Bay Area] When the foreclosure filing came last month, developer Fida Sirdar determined the only way to save The Place at Channelside condominium was to file for bankruptcy reorganization. It was either that, he said, or hand the keys over to the bank and walk way. “Generally, …
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Qualified borrowers face credit squeeze
Qualified borrowers face credit squeeze Lenders are rejecting more loan applicants with strong credit scores, the latest indication the nation’s credit crunch is deepening and further depressing the housing market and the economy. Mortgage companies are growing more cautious and tightening lending standards for some of their most credit-worthy customers – from increasing down payments …