News about properties and real estate
Seeking bargains on top-dollar properties at auction [South Florida] It was like a folksy old-time revival crossed with a white-knuckle, high-dollar real estate sale. The Sky Sotheby’s/J.P. King real estate auction — offering one of the largest luxury home portfolios ever presented in a single swoop — drew an overflow crowd of 300 people to …
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Real estate firm’s collapse worries investors [Northern California] Millions of dollars in real estate investors’ money has apparently disappeared with the collapse of a firm that helped investors in Silicon Valley and elsewhere buy and sell property and defer paying capital gains taxes. 1031 Tax Group of Richmond, Va., which operated in San Jose as …
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Homeowners teeter [Colorado] If foreclosures continue on their current pace, Larimer County’s foreclosure rate is expected to increase by about 20 percent by the end of the year. Seventy-five percent of those foreclosures are the result of refinancing, said Kathi Williams, director of the Colorado Division of Housing in Denver. Foreclosure statistics for January through …
Battle over? Not quite [Florida] Six months after the locks on their timeshare units were reportedly “glued” shut, Camelot owners have their condominium back – at least for now. The lengthy, complicated and ongoing legal battle over ownership of the building began in December after the county seized and subsequently sold the 24-unit waterfront property …
Citizens steels for flood of business [Central Florida] Florida’s small-time commercial landlords and many of the small-business owners who rent space from them have been hit with the same fast-rising insurance premiums that have been shocking homeowners since a series of hurricanes raked the state in 2004-05. Earlier this year, lawmakers handed the problem to …
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As real estate market loses sizzle, landlords offer more deals [South Florida] When Denise McGill moved to Palm Beach County from rural North Carolina two years ago, she was stunned at the high cost of housing. So she found a roommate and resigned herself to renting. “In retrospect, I definitely did the right thing,” said …
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