News about properties and real estate
Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. Q: I am elderly and got involved with a rental property with the help of a family member. Now the family member is nowhere in sight, the tenant left and the mortgage is underwater. I don’t have the energy or …
Continue reading “Ask a real estate pro: Short sale or bankruptcy? – South Florida Sun-Sentinel.com”
In Palm Beach, property owners who own more than one adjacent condominium can combine them into a single home but, once done, they are prohibited by the town from splitting them back into the original number of units unless they can meet parking and density requirements. The law is consistent with the town comprehensive plan’s …
Continue reading “Council may study condo law that prevents owners from splitting joined units”
Canadians are on a Sun Belt shopping spree. Phoenix and other warm-weather cities that have seen real-estate prices crater are newly popular among Canadians looking for second homes or investment properties, brokers and buyers say. They are lured by the weak U.S. dollar, historically low interest rates and rock-bottom property prices, dragged down by high …
For Geeta Ramcharitar, the ordeal began with a past due balance of $4.70 owed to her condominium association in Melbourne’s Venetian Village — and ballooned from there. The threatened end: foreclosure on her two-bedroom condo. The 56-year-old grandmother got lucky. County Court Judge William McLuan tossed out the foreclosure case brought by her condo association, …
The first disaster for Ron Benitez was losing his DeBary home to the massive flooding caused by Tropical Storm Fay in 2008. Now, the retiree is facing a financial calamity: paying far more for flood insurance because of newly revised federal maps that have made his rebuilt home part of a high-risk flood zone. Benitez, …
It’s starting to feel as if there are two housing markets. One for the rich — and international buyers — and one for everyone else. Consider foreclosure-ravaged Detroit. In the historic Green Acres district, a haven for hipsters, a pristine, three-bedroom brick Tudor recently sold for $6,000 — about what a buyer would have paid …
Continue reading “Housing market is terrific, if you are rich”