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March 2014 Archives

Possible real estate scheme leads to Florida taking legal action

One Boca Raton-based land trust company was named in a judgment involving hundreds of homes across Florida. The company acquired close to 100 homes in Palm Beach County and was said to have owned more than 250 properties statewide. However, the state shut the company down in September 2012 over what the Florida attorney general stated was a foreclosure-rescue scheme.

Investor strategies may artificially drive up home prices

Since the end of the economic recession, home prices have been on the rise.  Home prices rose across Florida last year by 20 percent or more.  Not everyone is pleased as middle-class buyers have still not always had a place to turn.

Financing still tight in South Florida real estate market

While the commercial real estate market in South Florida appears to be improving, lenders are still hesitant to finance a number of real estate transactions. A number of critics feel that federal regulators and lenders are in fact slowing down recovery by turning away borrowers that are creditworthy.