Developers have sold 85 percent of the condos built in South Florida during the building boom beginning in 2002, according to a report released this week by Bal Harbour-based consultancy Condo Vultures. The report, which studies condo markets from South Beach to West Palm Beach, found that developers have sold 41,258 condos in the last …
Category Archives: Real Estate
New real-estate sales tax is on the way Realty Q&A
Question: I am one of those anal-retentive people who starts working on his tax returns before the tax year even comes to an end. But forget about 2010. I have heard that there is a new real-estate sales tax for 2011. What do you know about that? —K.J.S., Laurel, Md. Answer: Not a lot, if …
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The Best And Worst Cities For Home Values In 2011
Poor Florida. The state that is home to Disney World, key lime pie and the Daytona 500 hasn’t had much to crow about when it comes to real estate in recent years. Sorry to break it to Sunshine Staters, but they shouldn’t be expecting a rebound anytime soon either. That’s according to Local Market Monitor …
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Furniture mart boss hopeful
The three giant towers, which cover about 5 million square feet, house showrooms for furniture manufacturers and representatives that try to land orders from the retailers attending the market. Most of the showrooms are dark for all but two weeks a year. The agent representing the lenders in reworking the $557.1 million in mortgages on …
Big foreclosures that few knew about
Take, for instance, last year’s second- biggest foreclosure. There were no headlines when General Electric Credit Corp. took title to Serenoa Golf Club over a $4.3 million debt. While other courses have had financial difficulties and some, like those at Forest Lakes, have been well publicized, Serenoa is the only golf course in Sarasota County …
Ferreting out mortgage fraud
Attorney General Pam Bondi wisely intends to continue the work started by her predecessor to investigate foreclosure malpractice in Florida. Banks, loan servicers and their law firms like to complain that the reason for all the faulty paperwork in foreclosure cases is due to the high volume of cases. In fact, corners often were purposely …