News about properties and real estate
A year ago, Miami’s Icon Brickell condo complex was a symbol of just about everything that had gone wrong during South Florida’s epic housing bust: Speculators had walked out on sales contracts, the towers were half-empty, and a group of lenders was making moves to foreclose. Now, as Brazilians and Argentineans wage bidding wars for …
Continue reading “Miami’s one-time icon of crisis becomes an icon of the city’s condo turn-around”
The Courtyard by Marriott hotel next to Daytona Beach International Airport is going up for auction. Mortgage holder MTGLQ Investors L.P. of Irving, Texas, won a $10 million foreclosure judgment in April against D&B of Daytona Inc. a St. Petersburg-based company that — as Oceanside One Ltd. — owned the hotel. The foreclosure auction will …
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Q. What are the rules governing expenses for condominium associations in Florida? Can an association pay for a party or any planned get-together function from the operating expenses? For condominiums, refer to several sections in FS 718. Also, the state has administrative codes that define budgets. When you think of budgets, you must also include …
It took less than a week for interested buyers to home in on the two-story, five-bedroom foreclosure on Salt Water Creek Court west of Lantana. Advertised as needing a little TLC – a pressure wash of the roof, fresh paint on the trim – the Savannah Estates home joins the ranks of Palm Beach County’s …
The foreclosure crisis helped make Al Dumas and his 11-person team into one of the most productive real estate sales operations in Florida. His team and its four affiliated agents were responsible for closing 537 transactions and more than $50 million in sales volume in 2010. Though sales have slowed in 2011, thanks to the …
Argus Fire & Casualty Insurance Co. will cancel its roughly 9,000 home insurance policies within 45 days, as part of a deal to be taken over by the state on Tuesday. Policyholders will have to scramble to find a new insurer during hurricane season, which started Wednesday. Regulators have “decided that it is in the …