Barbary Coast – A Foreclosure Crisis Rooted, the Family Says, in Predatory Lending Giuseppa Bagnarol, 82, was in her final hours in August, dying at home surrounded by the large family she presided over as matriarch. They gathered to say goodbye at the bucolic Redwood City retreat Mrs. Bagnarol had created — a compound of …
Category Archives: Real Estate
Banks take losses on short sales – Business – MiamiHerald.com
Banks take losses on short sales Drew Schlosser tried for two years to sell his three-bedroom Punta Gorda waterfront condominium for less than he owed on its two mortgages. The deal only went through last month when Wells Fargo & Co. agreed to take a $165,000 loss on the loans. Even after he had an …
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Condo groups in financial pain
Condo groups in financial pain The continuing foreclosure flood is creating severe financial problems for condominium associations across Florida, and members are complaining that banks and mortgage companies are doing nothing to help.
Real Estate in Cape Coral, Fla., Is Far From a Recovery
Real Estate in Cape Coral, Fla., Is Far From a Recovery Fellow adventurers, refugees from winter and armchair archaeologists, we are here on this shiny green tour bus to embark on a safari of sorts. We’ll be exploring the local habitat, as upended and reconfigured by an epochal real estate fiasco. Our guide, Marc Joseph, …
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Florida Supreme Court orders mediators to be first step in foreclosure cases
Florida Supreme Court orders mediators to be first step in foreclosure cases Florida’s troubled homeowners and their lenders will increasingly meet at the bargaining table under a state supreme court order issued today that aims to reduce a foreclosure overload. The administrative order written by Chief Judge Peggy Quince creates a statewide program that requires …
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Half-built homes can be bargains – but with strings attached
Half-built homes can be bargains – but with strings attached First came foreclosure sales, then short sales. Now Central Florida is seeing more half-finished homes for sale: bare-stud, bare-yard houses abandoned by their builders and left to languish on the market. Purchasing a partially built home is nothing new; during the housing boom, many new-home …
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