News about properties and real estate
Walkaways increase at WCI condos [South Florida] Builder WCI Communities said more buyers are walking away from its condos, though the company said it is ready to withstand what it called a `protracted downturn.’ WCI Communities said 17 percent of its condominium buyers have walked away rather than close on new units this year, the …
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How To Make More Money with My Real Estate Investments Dr. Morgan has owned the 10 thousand square foot strip center at the corner of Cornell and Baseline in Portland for 20 years. His father helped him buy it and over the years deeded his interest to the good doctor. His kids are all grown …
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Bringing down the house [South Florida] Briefly this summer, a mansion in the estates section raised the question of what the town might do to protect a house that, while well-designed, is not old enough to be landmarked. With no procedures in place for the Architectural Review Commission to deny demolition of the 1993 home, …
Housing’s ills imperil condo deals Horacio and Patsy Parra cashed out two retirement accounts last year to buy an Orlando condominium they couldn’t afford. At the time, they weren’t worried. The developer, Cay Clubs Resorts & Marinas, agreed to lease back the $307,000 unit for 15 percent of the sales price — enough cash to …
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Builder charged with stealing $700,000 [South Florida] An unlicensed Palm Coast contractor was accused Thursday of stealing more than $700,000 and the American dream from Russian and Ukrainian immigrants by selling houses he never finished — and in most cases never even started. Gregory S. Bleyl, 64, was charged with six counts of forgery and …
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Competition Among Top Firms Heats Up In Still Solid Sector For High-End Real Estate There’s a new piece of ammunition in one of luxury real estate’s fiercest battles: a $34,000 trailer in Goleta, Calif. The home is for sale through Sotheby’s International Realty, a brokerage better known for oceanfront estates and country manors. The company …