Homebuyers roll the dice With this simple start, Denver’s weekly Tuesday morning auction of foreclosed homes got underway: “Good morning. I’ll start with the standard disclaimer. For any bankruptcy filings we may have been told about by 10 a.m. this morning, those properties will not be offered for sale today.” One recent morning, eight people …
Category Archives: Real Estate
Malibu, Encino at top of the real estate market [Southern California]
Malibu, Encino at top of the real estate market [Southern California] For Travis and Leryn Davis, the moment couldn’t be better for moving up. The Davises — with two kids crowding their 1,100-square-foot house — have the good fortune to live in one of the region’s hottest neighborhoods. As other real estate markets in Southern …
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Facing huge debts, investors ponder next steps
Facing huge debts, investors ponder next steps As lenders begin to seize houses that were purchased in an unusual series of transactions two years ago, investors are attempting to arrange complicated sales and several are beginning to struggle with difficult decisions on whether to file for bankruptcy. Nurses and other middle-class investors bought more than …
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Condo investors having a nightmare
Condo investors having a nightmare Dick Svelta, an investment manager with an MBA from Dartmouth and a net worth close to $10 million, liked the looks of a condominium project being built near Eau Gallie Boulevard. So much so, he took his banker up on an offer in 2004 to introduce him to the man …
Panama’s new prosperity
Panama’s new prosperity My passport says I’m writing this column from Panama, the country, not the city in the Florida panhandle. A quick auto trip to the old Panama Canal Zone to see the boats crossing the isthmus confirms I’m in the right country. Yet, I get confused when I look all across the city. …
Condo slowdown trips up bulk buyers [South Florida]
Condo slowdown trips up bulk buyers [South Florida] Back when condos were still hot, mom-and-pop investors all over South Florida waited overnight in lines that snaked around the streets just for a chance to buy in. Not the men behind The Formula, a company that bought condos in bulk directly from developers and flipped them. …
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