News about properties and real estate
Florida locales dominate FHA default list What the heck happened to the FHA’s loans in Florida? The state dominates the list of troubled metro areas for Federal Housing Administration-insured mortgages. In fact, 16 of the top 25 locales with the highest default rates are in Florida, as of December, with tiny Punta Gorda on the …
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Charlotte County looks to buy distressed homes The housing crisis peaked in Charlotte County in 2008-2009, with foreclosure filings running at about 400 a month. While the numbers are down so far this year, the problem of vacant homes remains for neighborhoods. Now the county is trying to salvage some of those homes through the …
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Many condo bills are similar – Miami-Dade More than five dozen have been filed during the legislative session, as Florida grapples with its real estate crisis. But boil down the language of lawmakers’ proposals to help cash-strapped condo dwellers, and there are only a handful of ideas: Make it easier for investors to buy multiple …
Detroit wants to save itself … by shrinking Detroit, the very symbol of American industrial might for most of the 20th century, is drawing up a radical renewal plan that calls for turning large swaths of this now-blighted, rusted-out city back into the fields and farmland that existed before the automobile. Operating on a scale …
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Move forward with caution on reverse mortgages I live in an adult community and would like to obtain a reverse mortgage. I have had a difficult time getting information on this type mortgage. Can you help? I’m not an expert on reverse mortgages, but I’ve received several similar questions, so I’ll give you the basics. …
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Many South Florida home sellers still asking too much Despite months of declining home prices, new data shows that South Florida sellers are still asking too much for their homes, then slashing prices when they don’t sell — a sign that buyers and sellers are still struggling to define fair market value in the aftermath …
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