News about properties and real estate
When government auctions went online, what was for sale got lost Erika Ginsberg-Klemmt and William Anderson met online, but not in a good way. Driven by the misconception that they had stumbled on a brilliant formula that would allow them to buy a Siesta Key condominium for pennies on the dollar, the two novice real …
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Foreclosures crisis caused by investors. And lenders. And politicians. And buyers. [Tampa Bay Area] A simple narrative is often used to characterize the foreclosure crisis at the heart of America’s Great Recession: While banks are at fault for approving risky loans, people who lived in the homes are as much to blame. Vanity Fair magazine …
Foreclosure properties worth a look [Florida] People wanting to buy homes in Charlotte County are looking in all the usual places — and then some. Many of the county’s foreclosure properties on the Multiple Listing Service have become places where home seekers turn. There are certainly enough of them to see. As of Monday, Port …
New wave of commercial foreclosures looms Banks have foreclosed on more than 400,000 square feet of office space, more than 400 hotel rooms, more than 1,250 condominum units, more than 100,000 square feet of warehouse space and more than 150 acres of raw commercial land in Sarasota and Manatee counties since November. This is prime …
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South Florida homeowners walking away from underwater mortgages Many South Florida homeowners who can afford to make their mortgage payments are choosing not to, forcing the lender to foreclose. It’s called strategic default. Andres Duque thought he got a real steal when he paid $125,000 for his Little Haiti condo. But four years later, similar …
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Feared flood of foreclosures in California may be averted Signs are emerging that a much-feared escalation of California home foreclosures may not happen, as banks respond to government pressure and scale back their repossessions of troubled properties. Statewide, the number of homes taken back by lenders dropped sharply in the three months ended Sept. 30, …
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