Ownership dreams take a bitter turn Buyers sue over sales methods they say led to inflated prices and high foreclosure rates The white double-wide with blue shutters in Emerson Estates, sitting on nearly a quarter of an acre of land, seemed a quiet spot in the country. The three-bedroom, two-bath, 1,344-square-foot home also meant their …
Category Archives: Real Estate
Shifting home market gives buyers an edge [South Florida]
Shifting home market gives buyers an edge [South Florida] As he looks for a home to buy, Juan Saiz is finding owners eager to negotiate. Take an owner of a 1,400-square-foot pool home just west of Coral Gables. The owner had already dropped the asking price by $62,000, asking $588,000 for his remodeled home. But …
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House ‘flippers’ work with no net
House ‘flippers’ work with no net Eddie King no longer has the moves that earned him a spot as a fullback for USC in the mid-1960s. But his ability to spot an opening and capitalize on it has earned him millions in another favorite Southern California sport — home flipping. Over the last 30 years, …
Condotels: A Branded Urban Lifestyle For Second-Home Owners
Investor’s Business Daily: Condotels: A Branded Urban Lifestyle For Second-Home Owners “Moonlight as a VIP. Guests demanding top-rate business facilities fully wired for maximum productivity share the elevator with travelers on the prowl during a hedonistic holiday of beauty treatments, top restaurants and a lively night life.” Sound like your cup of tea? Well, for …
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Potential foreclosures climb as housing market cools [South Florida]
Potential foreclosures climb as housing market cools [South Florida] There’s trouble in the bubble. After three years of rapidly inflating real estate, loose credit and dicey financing, the number of court filings notifying Palm Beach County property owners they are facing foreclosure is rising. Martin County’s pre-foreclosure filings are at their highest level since February …
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Freedom Village sold for $95M
Freedom Village sold for $95M A Tennessee company has bought a bigger chunk of the area’s retirement-care market with the $95 million purchase of Freedom Village. American Retirement Corp., backed by a real estate investment fund, entered an agreement to buy the retirement community near Blake Medical Center from Westport Senior Living. The move further …