News about properties and real estate
Cape Coral’s real estate collapse attracts bargain hunters [Tampa Bay Area] As the minibus swings into the driveway, Janet Kenyon takes one look at the new three-bedroom, two-bath house and lets out a shriek. “Oh, my God. I hate yellow!” The house is indeed very yellow, but the hour is getting late and Kenyon and …
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Houses sold for just $100! But banks’ deals short taxes Hundreds of houses in Greater Orlando are bought each week for just $100 apiece — even in upscale subdivisions such as Baldwin Park. But don’t run to the ATM just yet. There’s a catch. The bargain prices only benefit the banks foreclosing on the properties. …
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Arena developer angling for time [South Florida] The company behind the partially built arena in Lakewood Ranch has sought Chapter 11 bankruptcy protection in a move company officials say will buy them time to find financing and jump-start the stalled project. The filing Friday by DVA Arena led to cancellation of a foreclosure sale of …
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Local men charged in $83M bank fraud [South Florida] Three Sarasota men and one from Tampa are facing numerous federal charges that they bilked banks out of almost $83 million on several land sales in Manatee and Sarasota counties. A federal grand jury in Tampa has returned a 47-count indictment against Neil Mohamed Husani, 38; …
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Developer of stalled hockey arena is out of time [South Florida] Yet the multimillionaire and former president of the AFLAC insurance company is probably best-known here for one of the most visible development flops in the region: the unfinished hockey arena in Lakewood Ranch. Now, as a July 28 foreclosure sale of the land approaches, …
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Novato the mortage meltdown epicenter of Marin [Northern California] Kids romping on lawns and workers trimming hedges belie the gloom that hovers over the sprawling Parkhaven complex bordering Miwok Park in northwestern Novato. “For sale” signs are plastered in some windows as 10 residences in the 104-unit development are on the market as foreclosures or …
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