News about properties and real estate
Joshua Bahoff bought a three- bedroom luxury condominium in Naples, Florida, in December for $235,000, about one-third of the price that the seller paid near the height of the U.S. housing boom. "It was a great deal," said Bahoff, 59, a Philadelphia dentist who plans to spend one week a month every winter in the …
Continue reading “Naples Rises From Florida Housing Swamp as Wealthy Buyers Return”
Callery-Judge Grove, founded in western Palm Beach County in 1964, is being sued for more than $37 million in a foreclosure filed in Palm Beach County Circuit Court. The lawsuit filed Friday alleges that Callery-Judge Grove Limited Partnership, CJC Management LTD. and Managed Citrus owe Prudential Industrial Properties LLC $37 million in mortgages plus $8.7 …
Continue reading “Historic Callery-Judge Grove in foreclosure”
I bought a house over a year ago with a balloon loan that comes due later this year. I had to get this loan because I cosigned a loan for a friend and she missed some payments. At the time, this was the only loan I could get. After I closed on my loan, my …
Jacksonville-area condominiums, already battered by values that have fallen to rock bottom, are being clobbered by loan restrictions that effectively freeze sales in many complexes that have been hardest hit by the economic downturn. Credit-worthy and otherwise qualified would-be buyers often can’t get financing to buy many condos. And sellers are often trapped in their …
Continue reading “First Coast condo sellers finding it hard to move on”
Phoenix Ackiss sat precariously on an upright suitcase in the clutter of belongings in his living room, striving for balance amid the disorder of his life. For more than a year, he’d been out of work, his three degrees and experience in fields from mental health to shipyard work spurned by employers. Ackiss knew he’d …
Continue reading “Out of work and losing his home, Norfolk man nears 65 with unease”
The Vasquezs are not unique; cash buys are becoming common. The number of homes bought with cash jumped to 32% in January compared to 26% a year earlier, according to the National Association of Realtors. In Southern California, about 30% of the sales in January were cash, according to DataQuick Information Systems. Same thing in …
Continue reading “More people are buying their homes with cash”