News about properties and real estate
A man involved in a mortgage scheme first uncovered in a Tampa Tribune investigation four years ago has agreed to plead guilty to federal charges of conspiracy to commit wire, mail and bank fraud. Chad Evans’ Clearwater companies, Shorefront Ventures LLC and Tye Funding LLC, were used to lure "straw buyers" to participate in fraudulent …
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In the housing meltdown, even outside the usual housing bust hotspots, some condominium owners are faring even worse than owners of single-family homes. In some gentrifying neighborhoods of Boston, for instance, where condo conversions of the city’s storied triple-decker row houses were rampant in the last decade, many owners now find they can’t sell their …
The midpoint for Orlando condominium prices last month remained below $50,000 and was 40 percent below the statewide median price, according to a report released this week by Florida Realtors. Condo prices in Central Florida have been depressed for more than a year, with the metro area’s median price in September down 5 percent to …
Continue reading “Orlando condos among cheapest in state [Central Florida]”
Title insurer tightens reins on lenders The country’s largest title insurer said that banks and other lenders must vouch for the accuracy of their mortgage documents before the firm will write insurance for a foreclosure sale. Fidelity National Financial announced the policy change — the strongest move yet by a title insurer to protect itself …
Five years after Hurricane Wilma hit, insurers getting new claims, lawsuits Five years after Hurricane Wilma crossed Florida, insurers still are being whipped as they deal with new and reopened claims that have come along years after the storm. By now, it seems Wilma might have been forgotten. The storm made landfall near Marco Island …
Argentines risking it all to carry huge wads of cash The “marker” lurks inside the bank, looking for people pulling large amounts of cash from a safe deposit box or a bank account. The gunmen linger outside, usually on motorcycles, waiting to make their move. For people such as Carolina Piparo, eight months pregnant and …
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