News about properties and real estate
Housing crisis: Lenders expected to sue homeowners for repayment of mortgage debt Before Larry Thomas unloaded his Pompano Beach home last fall for a fraction of what he paid, he cut a deal that will keep him from worrying about a huge debt hanging over his head. Thomas insisted that his lender, American Home Mortgage …
Continue reading “Housing crisis: Lenders expected to sue homeowners for repayment of mortgage debt”
Fisher Island, haven of the rich, experiences dose of reality [South Florida] Once the priciest ZIP code of all, Fisher Island has had foreclosures and falling values. But residents see sunshine on the horizon. Two years ago, tony, secluded Fisher Island was perched atop a lofty list: America’s most expensive postal zone. With a median …
Continue reading “Fisher Island, haven of the rich, experiences dose of reality [South Florida]”
Are unpaid dues protected in bankruptcy? Q. Is the debt of an uncollected homeowners association annual dues assessment considered a “secured debt” when filing a Proof of Claim if the owner files for bankruptcy, since it involves real estate (vacant land or land with a home)? Or is it just an unsecured debt? Creditors of …
Rampant foreclosures leave condo owners stuck with fees To most people, Brittany’s Place in Largo looked no different than the hundreds of other blandly attractive apartment complexes built in Florida in the 1970s and ’80s. To four Miami men, it looked like gold. As the condominium boom neared a frenzied peak in 2005, they hit …
Continue reading “Rampant foreclosures leave condo owners stuck with fees”
Drywall maker settling with builder [Central Florida] Chinese drywall maker Knauf Plasterboard Tianjin Co. Ltd. has reached an agreement to settle with Atlanta-based national home builder Beazer Homes, according to three people familiar with the matter. “Nothing has been finalized, but we’re hoping we’ll have something to comment on in the next couple days,” Buster …
Continue reading “Drywall maker settling with builder [Central Florida]”
Fueled by overseas buyers, South Florida condo sales soar Nicola Schon, an Italian restaurateur with homes in Monte Carlo, Milan and New York, wanted the perfect pied-รก-terre in Miami, with plenty of space, water views and amenities such as a spa, concierge and room service. So he bought a $1.8 million condo at Epic in …
Continue reading “Fueled by overseas buyers, South Florida condo sales soar”