News about properties and real estate
Few things agitate Sid Schulman, who often shoots the breeze with other retirees and flirts with women friends at their condominium complex here. But it galls him when neighbors stop paying their mortgages and maintenance fees, and leave the cost of community upkeep to others. "I am paying for these guys," said the 75-year-old sitting …
Continue reading “Housing Distress Pits Neighbor Against Neighbor”
When land is worth more than a home A couple of years ago, Carl and Susanne Wise’s house on Camino Real in South Sarasota was assessed at nearly $1 million. Then it disappeared. The Wises bought a new home, and in this market the rent they could charge did not cover the expenses of the …
Real estate: Candy Spelling gets $12-million price break on new penthouse Candy Spelling’s long-pending purchase of a two-story penthouse condominium in Century City closed Wednesday at a reduced price that still made it one of the most expensive deals ever for a Los Angeles condo.The widow of TV mogul Aaron Spelling paid $35 million — …
Continue reading “Real estate: Candy Spelling gets $12-million price break on new penthouse”
The yard work and upkeep Joan and Bob Ebaugh used to enjoy at their Palm Bay home started to become chores they couldn’t keep up with. Hiring people to take care of the lawn was becoming a financial burden, and Bob Ebaugh’s bad knee made household jobs even more difficult. But trying to sell the …
Early this year, as Jorge Perez struggled to restructure more than $1.5 billion of debt on mostly vacant Florida condominium projects, doctors discovered a golf ball-sized tumor on his pancreas. “You understand how vulnerable you are,” Perez, 61, said while sitting in his Miami waterfront office, with a view of the skyline shaped by Related …
Continue reading “Miami’s ‘Condo King’ Perez Perseveres After Losses”
When Efrain Hernandez couldn’t seal a deal before the first-time homebuyer tax credit expired earlier this year, he lost faith he would ever own a house in a market where investors and all-cash buyers are snapping up bargains and mortgages seem hard to come by. But waiting — even though it wasn’t by choice — …