Help for Owners Near the Edge Until recently, the only way for cash-strapped homeowners like Kevin and Jennifer Norris to renegotiate the terms of their mortgage was to default on the payments, because no bank would consider their request unless they were in arrears. “But I’ve never missed a payment on anything, and we have …
Category Archives: Real Estate
Tell Us Your Real Estate Story
Tell Us Your Real Estate Story After months of serious searching I closed Thursday on a home I’m planning to rent out. I paid $125,000 for a house that sold four years ago for $355,000. If you’re thinking about buying a bank-owned home I’ve learned a few things. One is that good ones go fast …
Lawmakers look for ways to aid condo associations
Lawmakers look for ways to aid condo associations Harvey Berman, president of Royal Oaks condominium in the California Club area of Miami-Dade County, takes a lot of flack from dues-paying residents in his building who are peeved about other owners in foreclosure and behind on their association fees. ”A man has been in a unit …
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Local hotel developer indicted in Ohio
Local hotel developer indicted in Ohio An Ohio grand jury has indicted Robert Falor, the Chicago developer whose failed attempts to redevelop three downtown hotels left a trail of bad feelings and lawsuits from investors and lenders. Mr. Falor stole $400,000 from an Ohio man who invested in a plan to convert the former Hyatt …
Creditors want deposits back from Orlando vacation-home developer [South Florida]
Creditors want deposits back from Orlando vacation-home developer [South Florida] A group of would-be resort-home owners is attempting to force an Orlando developer into U.S. Bankruptcy Court, saying the company took about $34 million in deposits for never-built houses in Polk County. The 19 creditors, many British, filed an involuntary-bankruptcy petition Feb. 20 that seeks …
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Real Estate Fraud Growing in Polk and Across Florida
Real Estate Fraud Growing in Polk and Across Florida A gate and a guard house protect the houses in the Sunset Ridge neighborhood, including a three-bedroom, two-bathroom vacation home on Sunset View Drive. While those security measures might prevent criminals from making physical intrusions into the home owned by a British couple, there are no …
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