News about properties and real estate
Real estate broker loses license in flipping cases Investigators described him as an elusive businessman who sometimes evoked religion to win over clients that he later scammed through unethical real estate and property management ploys. The state revoked James M. Graham’s real estate broker license as part of a consent decree that saw him admit …
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Homestead couple’s Chinese drywall case heads to court After months of legal wrangling, it appears one of the first lawsuits filed over faulty Chinese drywall is headed to trial in federal court. Melissa and Jason Harrell of Homestead filed a lawsuit against South Kendall Construction, Palm Holdings, Keys Gate Realty and Banner Supply in March. …
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Walking away from Florida mortgage doesn’t always clear debt You think banks are powerless to retaliate if you walk away from your Florida mortgage? Think again. Despite dozens of Web sites touting Florida as a prime “walk away” state — mail in the house keys and live debt free — foreclosed homeowners have learned that …
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Down-Payment Standards Eased Some mortgage insurers and lenders are beginning to relax their down-payment requirements, in a sign of increased confidence in the housing market. The changes, which are being done on a market-by-market basis, mean buyers in some parts of the country can now borrow 95% instead of 90% of a property’s value. Until …
2009 brutal for South Florida condo sales, but signs encouraging Miami’s skyline at dusk tells the story of the condo crisis in stark relief: Some of the luminous towers beam with life, others flicker half-full, and still others are completely dark, mired in legal disputes over past-due loans and stalled sales. South Florida’s condo market …
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Fifth Third works to turn around troubled Florida loans The more Mike Trombley heard about the Cay Club development in Clearwater, Fla., the more he liked the idea of investing in it. The sales pitch he got in late 2004 was the clincher: Buy now and get in on a luxury 5-star resort featuring renovated …
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