News about properties and real estate
Coast Bank will continue Tringali tract foreclosure [South Florida] Coast Bank of Florida passed on the chance to unload a property for less than a third of what the bank loaned on it. So the bank’s foreclosure against developer Michael Tringali will continue. An auction Thursday evening generated just two bids for the 253-acre tract …
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Ease our tax burden, lawmakers are urged [South Florida] Taxpayers asked their state lawmakers to come up with a plan to lessen the property tax burden on homeowners and businesses. Madeleine Hernandez stood at the microphone and told the crowd of 100 Miami-Dade and Broward taxpayers gathered at a town hall meeting about the toll …
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Condo rules clash with market realities When some owners of condos in Pelican Cove wanted to hold an open house to help with sluggish sales, it set off a storm of controversy. Barbara Simons gazes at the serene view of Sarasota Bay that dominates the condominium she inherited from her mother, a spacious second-story waterfront …
Where has the money gone? [South Florida] The arrest of Sarasota businessman Daniel Prewett has investors worried. Dr. Wayne Cohen and his wife invested $462,000 with Daniel Prewett, so the Cohens had reason to be alarmed when they heard Prewett had been arrested on a federal money laundering charge. The couple had given Prewett the …
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So what does $250,000 get you these days? [Central Florida] The median resale price of a home in Central Florida has hovered at a quarter of a million dollars for almost a year. A cool quarter of a million dollars. Two hundred and fifty grand. That’s roughly what it takes to buy a typical used …
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Build real estate wealth tax-free New book simplifies rules of property exchanges Whether you want to trade your rental house for another one, or you want to pyramid your real estate wealth without paying taxes along the way, “The 1031 Tax Advantage for Real Estate Investors” by Timothy S. Harris and Linda Monroe is the …