News about properties and real estate
The costs and benefits of home ownership | Shelter, or burden? In a scene from the film “It’s a Wonderful Life”, a happy couple is about to enter their new home. Jimmy Stewart, whose firm has sold them the mortgage, reflects that there is “a fundamental urge…for a man to have his own roof, walls …
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Mortgage-Fraud Crackdown Is Gathering Steam in Florida Florida’s Gulf Coast was crawling with shady real estate investors like Neil Husani during this decade’s housing boom. According to the U.S. Attorney’s office in Tampa, Husani and three co-conspirators working with his Sarasota-based Capital Force, Inc., bilked seven area banks out of $83 million in a mortgage …
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Separated by a Common Tongue: Foreclosures Trap Translators in Middle For years, interpreter Yu Ching ended many calls by saying, “Congratulations. You have been approved,” as she helped credit-card companies and mortgage lenders reach a growing share of the Mandarin-speaking market in the U.S. But on a recent morning, the call-center interpreter didn’t have the …
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Dade Bulk Condo Opportunities Abound Bulk purchases in the local residential condominium market, where inventory is believed to have ballooned to 40,000 units, have been few and far between thus far in 2009. However, plenty of opportunities to buy blocks of units exist that many investors simply aren’t aware of yet. More than 200 condo …
Tampa Bay area apartment complexes see gloom but renters see deals Like gas stations undercutting each other to the tenth of a penny, the apartment complexes up and down Gunn Highway are bidding for business. Marbrisa and nearby Lofton Place have been advertising $100 move-in specials. Across the street, St. James Crossing offers $99. And …
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Spotlight – Seeking a Monaco on Biscayne Bay [South Florida] All across Miami, images of the real estate bust are on display — in the empty condominium towers, the for-sale signs and the posted foreclosure notices. But on Watson Island, a diamond-shaped piece of land between downtown Miami and South Beach, there are big plans …
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