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Condo homeowners have been forced to lower their listing prices to offload their properties—going against the national trend of rising condo prices, a Redfin report published Monday shows.
Redfin reveals the median condo price in Jacksonville dipped by about 7% year-over-year in January, sales declined 27%, and new listings surged by 32%. In Miami, condo prices dipped by 3%, sales ...
However, a new ruling in Florida’s Third District Court of Appeals last month diminished the property rights of condo owners and gave veto power to any one unit owner who held out from the ...
Florida's debtor protection homestead provision is one of the broadest in the United States.The value of the property that can be protected is unlimited, so long as the property occupies no more than one-half acre (2,000 sq m) within a municipality, or 160 acres (650,000 sq m) outside of a municipality.
Membership in a condo is obtained by buying the shares on the open market, most often through a real estate agent. No board approval is needed to buy shares, but in some cases other stockholders or the housing cooperative itself has the right to claim the stocks being sold. There is usually no requirement for the owner(s) to live in the condo.
Leonard and Jack Rosen began their business career as street vendors in Baltimore. [4] They used the earnings of their original business and high-interest loans advanced by Chicago financier Jay Pritzker to set up a real estate development company selling yet-to-be developed plots of land in northwest Florida Everglades to prospective homeowners from the Northeast and Midwest.
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