Homeowners teeter [Colorado] If foreclosures continue on their current pace, Larimer County’s foreclosure rate is expected to increase by about 20 percent by the end of the year. Seventy-five percent of those foreclosures are the result of refinancing, said Kathi Williams, director of the Colorado Division of Housing in Denver. Foreclosure statistics for January through …
Category Archives: Real Estate
Battle over? Not quite [Florida]
Battle over? Not quite [Florida] Six months after the locks on their timeshare units were reportedly “glued” shut, Camelot owners have their condominium back – at least for now. The lengthy, complicated and ongoing legal battle over ownership of the building began in December after the county seized and subsequently sold the 24-unit waterfront property …
More homeowners struggle with mortgages they can’t afford
More homeowners struggle with mortgages they can’t afford Sarah Portales wants to keep paying her mortgage on time, but she’s got a problem. Her monthly payments are $3,500 and her income is slightly less than that. All the efforts this San Jose custodial supervisor has made to find a way to refinance her loan into …
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As real estate market loses sizzle, landlords offer more deals [South Florida]
As real estate market loses sizzle, landlords offer more deals [South Florida] When Denise McGill moved to Palm Beach County from rural North Carolina two years ago, she was stunned at the high cost of housing. So she found a roommate and resigned herself to renting. “In retrospect, I definitely did the right thing,” said …
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Better-heeled failing home economics too
Better-heeled failing home economics too Sheriff’s Deputy Mike Strickland is a postman of bad news, delivering eviction notices in the western stretch of San Bernardino County. He is armed with a Glock .45, which he seldom draws, and Scotch tape, which he goes through in prodigious amounts while posting court orders on doors and windows. …
One house, three quick sales, one familiar link
One house, three quick sales, one familiar link In late 2005, Barbara and Gregory Klein agreed to sell their St. Petersburg home for $535, 000 to a man who had seen their “For Sale By Owner” sign. But when the Kleins sat down to complete the deal, their copy of the closing statement showed a …
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