News about properties and real estate
Toxic Reverse Mortgage Gobbles up a 94-year-old Widow’s Home Equity What’s the worst sort of real estate experience you can imagine? How about a mortgage that eventually eats your entire house — your entire equity stake — and leaves you penniless despite years of double-digit appreciation? That’s been the experience of Katharine Stephens of Brigantine, …
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Tampabay: Sale, or foregone foreclosure? They were behind on their mortgage payments. He said he was offering them a way out of trouble. But then he evicted them and made big profits. And they say that was his plan all along. Mary Ella Savage sat down at her dining room table one December day and …
Post-Katrina real estate booming The 2,200-square-foot house promises three spacious bedrooms and two-and-a-half baths — a bargain at $175,000. Except for the fact that the home, located in one of this city’s previously elegant neighborhoods, has been gutted to the studs and has no drywall, no wallboard, no fixtures. “Home was flooded by Katrina,” reads …
Retirement community’s new owner says no to condos [South Florida] Everything’s going condo, it seems, so residents of The Carlisle Palm Beach figured their luxury retirement community was next. Owner HealthTrust America was said to be turning the Carlisle into condominiums, but that was before HealthTrust sold the 310-unit complex near The Ritz Carlton to …
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Real estate wrangle snares homeowners Asset freeze halts construction To understand the impact of real estate investor Solomon Dwek’s multimillion-dollar financial troubles, look no further than Sam and Terry Nowell. The Ocean Township couple thought they had a solid deal to sell their Monmouth Road home to Dwek. Less than a week after they put …
City’s auction goes online [North Florida] For years, those who wanted delinquent tax certificates waited for the week in May in which they could invade the county courthouse and bid Wall Street-style for those certificates pertaining to properties all over Duval County. The process was the 4-5 day auction in which delinquent tax deeds were …
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