News about properties and real estate
Two Projects in Default Dog Big Home Builders [Las Vegas] Two massive housing developments in Las Vegas, involving several of the nation’s largest home builders, have received default notices on about $765 million in debt, according to one of the partners in the projects. John Ritter, chief executive of Las Vegas-based Focus Property Group, says …
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South Floridians turn to alternative home insurance With major insurers poised to shed more property insurance policies this year, Florida residents will be shopping for alternatives. Two little-known options expected to become more popular are surplus-lines companies and self-insurance pools. Surplus lines and condo self-insurance pools aren’t subject to Florida rate regulations, so they may …
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State Joins Inquiry of Unusual Loans [Tampa Bay Area] Hundreds of peculiar home sales and foreclosures clustered in low-income neighborhoods in south St. Petersburg have attracted the attention of the Florida Department of Law Enforcement. The deals involved unusual mortgages uncovered last summer in a Tampa Tribune investigative report. The sales are tied to a …
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”Angels’ help woman escape foreclosure [Connecticut] Maria Leon can’t stop smiling because, as she puts it, she got a second chance at a new life. Her smile is a big change from January and an even bigger one from Thursday night, when it appeared all Leon’s options had been exhausted and the court would finally …
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Kuhn’s Woes Threaten Revitalization Plans [Central Florida] Cameron Kuhn, who has emerged in recent years as a major developer in downtown Orlando and Jacksonville, Fla., is under siege on numerous fronts, raising questions about the revitalizations of these two city centers. Late last year, Mr. Kuhn defaulted on about $31 million in loans on land …
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What will $200,000 or less buy in Lee County? [South Florida] A conversation about single-family homes in Lee County with a pricetag under $200,000 would have been brief, two or three years ago. Simply put, the pickings were slim as speculation and surging demand sent the real estate market skyward. But oh what a difference …
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