News about properties and real estate
Boynton Beach condo closes two sales, vows to hang in This past weekend, officials with the Promenade condominium had reason to celebrate. Nine months after the Boynton Beach condo was completed, they finally closed two condo sales. “Kids were swimming in the pool this weekend,” said Promenade official Pryse Elam. It’s been a long time …
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Federal program will help struggling homeowners Struggling California homeowners will have another source of assistance later this year from a federal program giving the state $700 million to devise its own foreclosure-prevention solutions. While that sounds like a windfall, it’s minuscule compared with the hundreds of thousands of California households in default. That’s why the …
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Investors buying lots in North Port again [South Florida] Building lots are beginning to sell again, and some are being bought and resold for quick profits by investors from foreign lands. Take Land Investors Corp., for example. This Swiss company, based in Geneva, has purchased 39 lots in North Port for an average of $3,400 …
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Foreclosure auctions not for faint of heart, wallet Lawyer Paul Ciminelli stands in the corner on the steps of the Monroe County Office Building on a rainy morning. Acting as a referee for the court, he calls out to prospective interested parties for 33 Henry St., with an opening bid of $21,953.76. No one is …
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Florida judge tosses GMAC foreclosure GMAC Mortgage got slammed by a Florida judge this month — and that may be good news for some of the 1,234 New York homeowners hit with a foreclosure action by GMAC since the beginning of 2008. In that case, Judge Anthony Rondolino voided a GMAC foreclosure win after he …
Prices falling for small apartment buildings | four, market, buildings [Southern California] Irwin “Tres” Trester spent more than a year looking for income property before buying a four-plex in Huntington Beach. “The advantage I was looking for was cash flow. … Going from a (rental) house to a multi-family seemed like the right way to …