Lewis B. Freeman, South Florida’s best known forensic accountants lost a foreclosure lawsuit against MUNB Loan Holdings. Freeman pleaded guilty to fraud last year and was sentenced to eight years in prison. Miami-Dade Circuit Judge Jennifer Bailey signed the $1.5 million judgement, and the sales of Freeman’s Coconut Grove was set for March 4. In [...]
Delray Beach’s Linton Center office complex has been hit by foreclosure. The Center, which includes Bank of America as a tenant has been hit by a lawsuit filed by Amegy Bank against CF Delray Beach Office over 111,009 square feet of office space in three buildings. David Dubrowski, is the managing member, but he wasn’t [...]
The foreclosure moratorium took a big bite out of Florida’s foreclosure filing number. While the Sunshine State still posted the nation’s second-highest number of foreclosure filings in 2010 with 485,286 properties going into default, that figure was down 6% from 2009, RealtyTrac reported. The December numbers are the lowest since July 2007, down 22% from [...]
The Kendall Hotel and Suites is heading into foreclosure, because Florida Associates Capital Enterprises filed a $6.3 million foreclosure lawsuit against the owner of the 158-room hotel at 9100 N. Kendall Drive, Sundale Ltd.. The owners have tried to protect the hotel from foreclosure year ago, when they filed for Chapter 11 reorganization in 2007 [...]
North Miami officials took the first steps for taking back Biscayne Landing, the city-owned, bay-front site on which they hoped a premiere mix-used condominium development project. The city had a deal with developers for millions of dollars to help fund off-site projects, but they were born dead. After Boca Developers, that was in charge of [...]
Walt Disney Co.built Celebration as an idealized version of a circa-World War II small town, with litter-free streets are lined with white picket fences and front porches entice neighbors to set after dinner. Now this American dream is wracked by the housing crisis and some bad news in the area. Celebration’s foreclosure rate is about [...]
Pending home sales were on the rise in November, the latest statistics show. This means the housing recovery is on a good way and it will continue to heal in 2011, some of the analysts says. The National Association of Realtors pending home sales index which measures the number of contracts signed for existing homes [...]
South Florida’s housing market had a rough year in 2010, but the short sale are really boomed during the same period. According to a recent report issued by CondoVultures, residential short sales in Miami-Dade, Broward and Palm Beach jumped almost 50% compared to short sales in 2009. “All indications are that short sales will increasingly [...]
2010 was another forgettable year for South Florida’s housing market. Broward and Palm Beach counties registered continuous drop and November wasn’t an exception: Broward had 553 home sales, down 22% from 2009 and 8% from October, according to the Florida Realtors. Looking at the Palm Beach County numbers, the FR (Florida Realtors) registered 695 homes [...]
