News about properties and real estate
Miami condo corridor’s woes create boon for renters It’s not hard to get Regan Marock to gush about his rental unit in a twin-tower luxury building in the heart of Miami’s high-rise corridor. The two-bedroom condo has stainless steel appliances, a jetted tub and dazzling views of the city — not to mention the two …
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Mortgage-Fraud Crackdown Is Gathering Steam in Florida Florida’s Gulf Coast was crawling with shady real estate investors like Neil Husani during this decade’s housing boom. According to the U.S. Attorney’s office in Tampa, Husani and three co-conspirators working with his Sarasota-based Capital Force, Inc., bilked seven area banks out of $83 million in a mortgage …
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How to leverage your IRA property investments with mortgages So you’d like to take advantage of depressed housing prices and buy a rental property, but you lack a down payment or can’t meet lending criteria for investment properties? Consider using your IRA assets — even if the purchase price exceeds their reach. Little-known IRS rules …
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Study Buoys Mortgage Modification – WSJ.com Cutting financially troubled borrowers’ monthly mortgage payments by more than 10% reduces the chances that they will fall behind again after their loan is modified, a study found. While modifications that result in lower payments are increasing, nearly half of all loan workouts still result in the same or …
Separated by a Common Tongue: Foreclosures Trap Translators in Middle For years, interpreter Yu Ching ended many calls by saying, “Congratulations. You have been approved,” as she helped credit-card companies and mortgage lenders reach a growing share of the Mandarin-speaking market in the U.S. But on a recent morning, the call-center interpreter didn’t have the …
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Dade Bulk Condo Opportunities Abound Bulk purchases in the local residential condominium market, where inventory is believed to have ballooned to 40,000 units, have been few and far between thus far in 2009. However, plenty of opportunities to buy blocks of units exist that many investors simply aren’t aware of yet. More than 200 condo …