Seniors can get caught in a tax trap After Kimrey Newlin retired two years ago, he and his wife moved closer to their grandkids, leaving the $1.2 million Key Biscayne house they had lived in for 27 years for a $545,000 home in the Falls. Now they’re 10 blocks from the kids, and a hand-painted …
Category Archives: Regional
Harris Rosen: Orlando’s Hotel Magnate
Harris Rosen: Orlando’s Hotel Magnate The year was 1974. The Middle East oil embargo hiked up the price of oil to (gasp) $12 per barrel. The price of one gallon of gas for U.S. drivers was (gasp again) 57 cents, which curtailed many Americans’ summer travel plans, so much so, that many of the hotels …
On many mortgages, reckoning day coming [Southern California]
On many mortgages, reckoning day coming [Southern California] Hindsight, they say, is 20-20. And with the benefit of two years of hindsight, it’s clear that June 2005 was the height of the wacky season for the San Diego County housing market – which has potentially fearsome implications for home prices this summer. By June 2005, …
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For many, Wilma created an endless storm of bills [South Florida]
For many, Wilma created an endless storm of bills [South Florida] Since Hurricane Wilma blew through in 2005, thousands of South Florida condominium owners have been caught in what seems like an endless financial whirlwind. Juan Awais, 68, whose sole income is $484 a month from Social Security, has paid $2,200 in special assessments toward …
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New law alters condo landscape [South Florida]
New law alters condo landscape [South Florida] The husband-and-wife real estate team of Norm and Janice Holloway sells more Venice condominiums than just about anybody. But when the couple settled into their own waterfront abode at Pointe Whitecap in Venice nearly six years ago, Norm promised Janice that he would never sell it out from …
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Property-tax certificates sell fast on Internet [Central Florida]
Property-tax certificates sell fast on Internet [Central Florida] More than $14 million worth of unpaid property taxes — the most ever for Lake County — were sold off Friday to investors from across the country. Lake County Tax Collector Bob McKee auctioned off tax certificates for nearly 6,000 properties that did not make the April …
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