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Archive for March, 2010

Vue Condominiums Sell for $26M in Bulk Deal

Wednesday, March 24th, 2010

A foreign investor has purchased 165 units at The Vue at Lake Eola condominium tower for $25.9 million, according to Cushman & Wakefield of Florida. A private auction for the units, along with 8,000 square feet of retail, was held last week and the bulk transaction is pending US Bankruptcy Court approval March 31. The [...]

What you should know about home foreclosure

Friday, March 19th, 2010

After more than six months of wrangling with her bank to get a reduced mortgage payment through a federal loan modification program, Debra Jacobs has had enough. The West Palm Beach resident is walking away from her home of 14 years. As homeowners grow increasingly frustrated by the nation’s struggling foreclosure prevention programs, more may [...]

Consumer Protection for Making Home Affordable? May come soon

Saturday, March 13th, 2010

 The Obama administration is expected to unveil additional protections to ensure homeowners are treated fairly and consistently under its mortgage relief program. The policies, outlined in a draft Treasury Department document, would address long-standing complaints from housing counselors. They have cited cases of lenders continuing with foreclosures while homeowners were being evaluated for help. That [...]