Developers have sold 85 percent of the condos built in South Florida during the building boom beginning in 2002, according to a report released this week by Bal Harbour-based consultancy Condo Vultures. The report, which studies condo markets from South Beach to West Palm Beach, found that developers have sold 41,258 condos in the last …
Category Archives: Regional
Furniture mart boss hopeful
The three giant towers, which cover about 5 million square feet, house showrooms for furniture manufacturers and representatives that try to land orders from the retailers attending the market. Most of the showrooms are dark for all but two weeks a year. The agent representing the lenders in reworking the $557.1 million in mortgages on …
In Lakewood Ranch, land brings growing influence | HeraldTribune.com
By wielding its ownership of 54 square miles of land, Lakewood Ranch developer Schroeder-Manatee Ranch has coaxed one project after another to its master-planned community, removed from the urban cores of Sarasota and Manatee counties. In its latest potential coup, SMR is offering up discounted land for a proposed $14.4 million complex to house the …
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Ferreting out mortgage fraud
Attorney General Pam Bondi wisely intends to continue the work started by her predecessor to investigate foreclosure malpractice in Florida. Banks, loan servicers and their law firms like to complain that the reason for all the faulty paperwork in foreclosure cases is due to the high volume of cases. In fact, corners often were purposely …
Developers battle in court over control of Palm Beach Mall property
The battle for control of the Palm Beach Mall has spilled into the courthouse. Ever since Simon Property Group let the aging center slip into foreclosure, big-money interests have vied to take control of the 90-acre property along Palm Beach Lakes Boulevard in West Palm Beach. Doing so has been tricky because the mall property …
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Florida homeowners who don’t pay get lengthy stay
The average Florida homeowner who went into foreclosure in November hadn’t paid his mortgage in 10 months. The 307-day delay between the first late payment and a foreclosure referral, reported in a study released this week, was called "flabbergasting" by one financial expert who said mortgages typically go to foreclosure by the third delinquent payment. …
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