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More high-quality private schools would electrify South Florida real estate

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For many decades, South Florida was known as the playground for retirees, who overwhelmingly emigrated from the Northeast United States. These folks simply wanted low taxes and fun in the sun, and good schools didn’t matter to them so much. In the 1980s and ’90s, our region became defined by “Miami Vice” and South Beach […]

 

Clarifying Contested Foreclosures After Bankruptcy

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Florida Governor Rick Scott recently signed off on Senate Bill 220, a new law addressing the property rights of defendants pertaining to bankruptcy and foreclosure proceedings. DS News spoke to representatives from several Florida-based Legal League 100 law firms to get the inside scoop on what Senate Bill 220 means for the industry. During the foreclosure process, debtors will sometimes […]

 

Mexican real estate investors focus on South Florida amid heated presidential race

From left: Rodrigo Azpurua, Veronica Cervera Goeseke, Diego Arnaud (Credit: Wikimedia Commons)

Buyers “have one foot out of Mexico in case something happens,” according to a broker.   In the last two months, Diego Arnaud of Aventura-based DA Luxury Realty has spotted a noticeable increase in sales activity among his clients from Mexico, who account for nearly all of his business. Several have just purchased multimillion-dollar units […]

 

Hurricanes could bring another disaster: Foreclosures

From left: Rodrigo Azpurua, Veronica Cervera Goeseke, Diego Arnaud (Credit: Wikimedia Commons)

As life slowly returns to normal in hurricane-ravaged parts of Texas, Florida and Puerto Rico, housing experts and consumer advocates worry another crisis is on the horizon: Foreclosures. by Lydia DePillis   @CNNMoney Already, legal aid groups are working with people who are struggling to make mortgage payments on homes made uninhabitable by the storms, while paying rent […]

 

Mortgage relief available for homeowners hit hard by Hurricane Irma

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South Florida homeowners may be able to redirect mortgage payments to cover major repairs in the wake of Hurricane Irma. Borrowers who need help fixing their homes should contact their lenders to request forbearances from payments for up to 12 months, according to the Federal Housing Finance Agency. At the end of the forbearance period, […]

 

Hurricane Irma spared real estate market big damage, caused minor construction, closing delays

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Hurricane Irma’s effect on South Florida’s vibrant real estate market is not likely to be much more than the hassles of delayed home deliveries and closings, industry observers say. Twelve years ago, Hurricane Wilma swept across Broward, Palm Beach and Miami-Dade counties, causing major damage to roofs. Blue tarps became a common sight in many […]

 

Home Foreclosures Spike In October

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ATTOM Data Solutions’ Daren Blomquist notes that most of the foreclosure activity increases in states including Colorado and Georgia are more heavily tied to loans originated since 2009. IRVINE, CA—Single-family home foreclosures made a surprising 27% monthly jump in October, ATTOM Data Solutions said Thursday. The firm’s report for the month shows shows a total […]

 

Could Zika pose a problem for Florida’s tourism industry?

John Couwels/CNN

Disease has arrived in state visited by 106 million last year NEW YORK (CNNMoney) —Florida has detected its first cases of locally transmitted Zika, which could pose a threat to the state’s sensitive — and important — tourist industry. “We learned today that four people in our state likely have the Zika virus as a […]

 

Foreclosures fall in first quarter as housing rebound continues

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New foreclosure cases declined in South Florida during the first quarter, an indication that the tri-county region has “definitely, firmly” rebounded from the worst of the housing crisis, a new report shows. From January through March, 2,882 new cases were filed in Palm Beach, Broward and Miami-Dade counties, down 24 percent from a year earlier, […]

 

Increase in Subprime Auto Loan Defaults Is Harbinger of Bad Future

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Commentary by Charles M. Tatelbaum, Daily Business Review Dusty Holoubek March 15, 2016 In what is a very troubling sign for the nation’s economy, the default rate for subprime auto loans increased to 12.3 percent in January. This is a full percentage point increase over the prior month and an even greater increase over the […]