Category: Florida

Florida housing market

7 Things Homeowner Associations Won’t Tell You

By Mary Klein Purchasing a home that is part of a homeowners association can involve issues that most homeowners would never think of providing pros and cons. The small print in the rules and regulations that are part of signing up for an association when you purchase a home can be lost in the sea… Continue reading 7 Things Homeowner Associations Won’t Tell You

Chinese Drywall Second Housing Crisis

By Kevin Chiu A second housing crisis is slowly working its way through 20 states as more victims fall ill from poisonous fumes emitting from their very residences. From the Gulf Coast of Louisiana, where workers are replacing toxic Chinese drywall in new homes built for victims of Hurricane Katrina across the country it’s being… Continue reading Chinese Drywall Second Housing Crisis

Miami Condo Sales Skyrocket

By Mike Colpitts The hardest hit real estate market in the U.S. is making a resounding recovery as existing condominium sales in Miami surge 85% in the month of March, according to the Miami Association of Realtors. Condo sales topped 1,500 units. The increase is attributed to lower priced units and near record low mortgage… Continue reading Miami Condo Sales Skyrocket

Hardest Hit Housing Cities Pain Grows

By Mike Colpitts The gambling capital of the U.S., Las Vegas posted the nation’s highest foreclosure rate among metropolitan areas with populations of more than 200,000 in July, but housing foreclosures are spiking in the majority of other top 20 hardest hit housing cities. The gap is shrinking between the gambling mecca and major cities… Continue reading Hardest Hit Housing Cities Pain Grows

Former Mortgage Head Guilty in $2.9 Billion Fraud

By Kevin Chiu The former chairman of a mortgage corporation, once one of the 25 largest in the U.S. has been convicted by a federal jury in a $2.9-billion fraud scheme that drove Colonial Bank and its lending empire, Taylor, Bean and Whitaker out of business and into bankruptcy. The scheme is believed to be… Continue reading Former Mortgage Head Guilty in $2.9 Billion Fraud

Tiger Woods Moves Out of Orlando

By Mike Colpitts Until his fall from grace with the public explosion of his sexual escapades, Tiger Woods was Orlando, Florida’s second best known resident right behind Mickey Mouse. Now Woods is departing Orlando for the east coast side of Florida and his departure is barely being noticed. Woods is moving into a newly renovated… Continue reading Tiger Woods Moves Out of Orlando

Mortgage Fraud Led By California, Florida, Arizona and Nevada

By Mike Colpitts Mortgage fraud is blamed for trillions of dollars in failed loans in the U.S., especially in California, Florida, Nevada and Arizona, where incidents have been the highest and foreclosures make up the largest volume of troubled homeowners, according to federal authorities. But state and federal law enforcement agencies are encountering major problems… Continue reading Mortgage Fraud Led By California, Florida, Arizona and Nevada

Mortgage Interest Rates Drop on Japan Fears

By Mike Colpitts Interest Rates on home mortgages dropped as a result of investor worries over the disaster in Japan and fears of contagion over financial markets falling across the world. Mortgage rates showed a drop across all types of loans offered to home borrowers, according to Freddie Mac. The average rate on a 30-year… Continue reading Mortgage Interest Rates Drop on Japan Fears

Best Bargain Real Estate Cities

By Mike Colpitts The best U.S. cities to find a bargain in real estate are made up of some of the hardest hit communities in the nation’s housing market downturn. Housing Predictor analysts scoured the nation in efforts to find the best bargains in housing, and set up a rigid set of requirements to meet.… Continue reading Best Bargain Real Estate Cities