News about properties and real estate
Limits on pursuing delinquent condo owners Q. Are there any restrictions on a management company or board on performing ongoing collection activity on a delinquent unit owner’s account? If the unit owner is in bankruptcy, does this have any affect on collection activity? A. While a board of directors must be diligent in pursing delinquent …
Continue reading “Limits on pursuing delinquent condo owners”
Chasing the American dream — a place to call their own Until April, the lure of an $8,000 tax credit combined with depressed real estate prices was drawing younger South Floridians to their first homes. How is first-time homeownership turning out? There have been a few surprises. Property taxes doubled. What?
Cash is king in housing market OK, cash never really gave up its spot on the real estate throne. But after representing 30 percent of sales handled by members of the Melbourne Area Association of Realtors in 2008, the percentage of cash deals is on the rise, representing more than 40 percent of sales last …
Homeowners hope mediation program can save their houses [South Florida] Lance Dunning tried for two years to sell his house in a short sale after its value plunged well below the $400,000 mortgage he took out in 2006. He had three offers for three short sales for $200,000, more than the home’s assessed value – …
Continue reading “Homeowners hope mediation program can save their houses [South Florida]”
Home building in Southwest Florida is on the mend After the worst year in the home building business since the Great Depression, Southwest Florida builders and their subcontractors are getting busy again. Builders in Manatee County are firing up their cement mixers and nail guns the fastest. But other parts of the region — including …
Continue reading “Home building in Southwest Florida is on the mend”
National homebuilders in Denver area plan for economic rebound by buying house lots Despite softening sales in the new-home market, national homebuilding companies in the Denver area are continuing to buy lots, significantly driving up prices from where they were a year ago. It’s part of their push to have communities to build in when …