News about properties and real estate
Amid Rubble of Housing Bust, Phoenix Begins a New Frenzy Every weekday morning, Lou Jarvis drives the sun-baked suburban streets looking for investment gold: a family that will lose its house in a foreclosure auction within a few hours. If the property looks promising, Mr. Jarvis puts in a bid on behalf of any of …
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This is a ‘Buyer’s Market’? Q: I’m frustrated with this so-called “buyers market.” I’m 28 years old and looking for a starter home for about $400,000 in Massapequa, New York. I have around $100,000 saved for a down payment and closing costs. I’m also recently engaged and saving for a wedding. (We made $215,000 combined …
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Troubled Palm Beach Mall late on water and power bills, threatened with shut down over public safety [South Florida] The Palm Beach Mall, already facing a $55.4 million foreclosure suit, was hours away from having its electricity turned off this month because it had not paid its bill to Florida Power & Light, according to …
L.A. may test loan program for troubled Pacoima homeowners [Southern California] The Los Angeles City Council is poised to vote today on a plan to help distressed homeowners in the northeast San Fernando Valley by putting up city money for “silent second mortgages” that could encourage financial institutions to modify home loans. The pilot program …
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Bidders find bargains at foreclosed homes auction Diana Alebord knew what she wanted – a three-bedroom, two-bath house – and she had three properties in mind. The 45-year-old Sarasota woman drove to Tampa, hoping to find a bargain at an auction of foreclosed homes held Tuesday night at the Tampa Convention Center. The auction, hosted …
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Miami condo corridor’s woes create boon for renters It’s not hard to get Regan Marock to gush about his rental unit in a twin-tower luxury building in the heart of Miami’s high-rise corridor. The two-bedroom condo has stainless steel appliances, a jetted tub and dazzling views of the city — not to mention the two …
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