Tiffany Williams is a 34 year old single mom and a first time homeowner: she won the City of Miami’s single family home award lottery. "I feel like I won a hundred trillion million dollars, and I thank you so much for making a program for people like me, single parents like me." Before she [...]
As the housing market is on the edge South Florida’s rental housing market is booming, while foreclosures and prices declines make many residents unable to qualify for mortgages. The rental rates get higher as there are less empty rental apartments in South Florida. Some new renters are former homeowners who have lost their properties to [...]
According to new figures released these days lenders were ramping up their home repossession operations to unprecedented levels. RealtyTrac, an Irvine, California-based real estate research firm revealed that lenders reclaimed 102,134 homes nationwide in September, which was a historical month, since bank repossessions reached the 100,000 mark. In Miami-Dade County 2,082 repossessions in September represented [...]
Anthony Pugliese III proposed some time ago to build the 41,300-acre Destiny in Central Florida, and now he was shocked hearing that a bank filed to foreclose on a storage facility he build in Coconut Creek. The lawsuit comes from Branch Banking & Trust Co. filed on October 4 against Coconut Creek Johnson Road. However, [...]
David J. Stern a graduate of South Texas Law employed 900 people made, 17.8 million in 2008, owns $60 million in real estate and now collects yachts. This sounds very good, but if we take a closer look at this person there are some sings that show us he has been a shady character. In [...]
Jason Grodensky bought his Fort Lauderdale property in December last year with cash. The surprise came seven moths later when he learned that Bank of America, the nation’s biggest lender had foreclosed his home, even though he didn’t have a mortgage. It all started in July, when Grodensky felt the touch of foreclosure proceedings on [...]
Florida synagogue might loss their building as Yom Kippur, the holiest of Jewish holidays begins. This comes after they defaulted on a $3.8 million loan, and now, as they filed for bankruptcy, a bankruptcy judge will schedule a hearing to determine whether to allow the bank to foreclose on the synagogue’s assets. Congregation Chabad Lubavitch [...]
