Property insurance: How prepared is Florida’s property insurance market for the hurricane season? Hurricane season officially will begin Tuesday, and Florida’s state-run property insurance programs are better prepared this year than in the past. Private insurers are largely stable, but there are questions about whether several can handle the impact if major hurricanes strike the …
Category Archives: Regional
Faces of the Downturn: Foreclosure crisis creates heartache, opportunity [South Florida]
Faces of the Downturn: Foreclosure crisis creates heartache, opportunity [South Florida] It was a motley crew that arrived at the Fort Myers courthouse, and it had one thing on its mind — profit. Men and women wedged themselves into a windowless second-floor room and spilled into the neighboring jury room. They mingled in baseball caps, …
Luxury downtown hotel faces economic music [Southern California]
Luxury downtown hotel faces economic music [Southern California] Just 1½ years after opening one of downtown San Diego’s glitziest hotels in the midst a deep recession, the owner of the 184-room Sè San Diego has been notified that it is in default on its construction loan, owing the lender nearly $73 million. Although the original …
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Margate condo eviction: Residents at complex face eviction over water bill
Margate condo eviction: Residents at complex face eviction over water bill Dozens of residents at the Atlantic Palms condominium complex could be evicted from their homes within two weeks if they’re unable to pay a city utility bill of more than $7,000. Margate officials say more than 60 of the 76 units at Atlantic Palms, …
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Housing crisis: Lenders expected to sue homeowners for repayment of mortgage debt
Housing crisis: Lenders expected to sue homeowners for repayment of mortgage debt Before Larry Thomas unloaded his Pompano Beach home last fall for a fraction of what he paid, he cut a deal that will keep him from worrying about a huge debt hanging over his head. Thomas insisted that his lender, American Home Mortgage …
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Fisher Island, haven of the rich, experiences dose of reality [South Florida]
Fisher Island, haven of the rich, experiences dose of reality [South Florida] Once the priciest ZIP code of all, Fisher Island has had foreclosures and falling values. But residents see sunshine on the horizon. Two years ago, tony, secluded Fisher Island was perched atop a lofty list: America’s most expensive postal zone. With a median …
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