News about properties and real estate
Caroline Cornelius, a young schoolteacher, could barely afford the builder’s model villa condominium she bought in Sarasota in 2003. Upgrades were not an option.But from the start she had major ambitions for her two-bedroom, two-bath home in the Villa Rosa subdivision. And so she made a list, saved her money and spent free time working …
Continue reading “Young homeowner takes condo from cookie-cutter to cool”
There’s great news for that most elusive of consumers — the house hunter with a golden credit rating and cash in the bank to buy a new home. Home prices remain low, as supply exceeds demand across the U.S. In addition, the National Association of Realtors reports that pending U.S. home prices declined on a …
Continue reading “3 Things Insiders Ask When Getting a Mortgage”
Kohlberg Kravis Roberts & Co., one of the original buyout shops, has long resisted getting into real estate. But after years of watching rivals invest billions of dollars in property, KKR finally is making its own big push. The firm’s $196 million acquisition last week of a Chicago-area shopping mall kicked off what is expected …
Earlier this month, a judge approved a settlement between five major banks and nearly all of the state attorneys general. The banks admitted to taking shortcuts — or “robo-signing” documents — as they pushed through some foreclosures.Most of the $25 billion settlement is supposed to go toward reducing mortgage payments for some troubled homeowners. But …
Continue reading “For Some, ‘Frustration’ Over Mortgage Settlement”
Thousands of Florida homeowners may soon be in for a rude awakening: appeals to reduce their property assessments will be automatically tossed out if they have not paid most of their property tax bill by March 31. A new state law passed last year requires homeowners who challenge their property tax valuations to pay at …
Continue reading “New State Property Tax Rule May Surprise Homeowners”
Jennifer Lopez is the latest victim of Florida’s foreclosure crisis. The condo in the Icon Brickell building she was shacking up in with her latest younger lover, Caspar Smart, has now been bought up out of foreclosure by someone else and Lopez will have to move out according to Gossip Extra. Don’t worry about J.Lo’s …
Continue reading “Jennifer Lopez Loses Her Brickell Condo to Foreclosure”