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Real Estate Tampa Florida
Black's Guide downsizes, but still will serve Tampa Bay
Black's Guide announced Thursday it will no longer serve 11 of 20 markets nationally that it previously provided its commercial real estate data in print and online to. However, it will keep offering its print directories, online database, e-mailed newsletters and regional maps in Tampa Bay, Orlando, South Florida, Southwest Florida, Atlanta, Connecticut/New York, Dallas, Houston and New Jersey. .
Home Funding Firm Fights a Depressed Real Estate Market
( EMAILWIRE.COM, November 06, 2006 ) Tampa, FL - The depressed real estate market wasn't supposed to have an affect on the nation's major housing centers. Florida's vacation industry has been its best promoter of real estate despite other national trends. But, according to James Cao, CEO of American Dreamhome Funding (ADF), a Tampa Bay home funding .
Two Agencies Will Examine Real Estate Agent's Deals
RISMEDIA, October 26, 2006�(MCT)�The Florida state attorney general opened a criminal investigation Monday into inflated real estate transactions in Pinellas and Hillsborough counties, it was reported yesterday in the Tampa Tribune.
A second state agency that oversees real estate professionals is asking appraisers and at least one real estate broker for records connected to the deals, the investigation revealed Sunday.
Attorney General Charlie Crist said the economic crime division, based in Tampa, will look into 36 sales by Tampa real estate agent Dawn L. Molen.
The Tribune story showed that Molen's sales had recorded sales prices of an average of $60,000 above the original list price.
The unaccounted money -- at least $2 million collectively -- was paid to companies associated with Molen.
Mortgage Fraud Cases Coming Out of the Cracks in Florida
Florida takes the top spot for mortgage fraud in the country, and according to the Tampa Tribune, potential mortgage and title fraud involving 36 unconventional real estate deals in the Bay area are being investigated by state agencies.Inflated home sales prices that provide a third party a financial gain of tens of thousands of dollars are becoming more common, especially with appreciating home values. Even worse, the investigation into this practice has uncovered even more questionable contracts in the Sunshine State. Lenders are worried that the fingers will be pointing to them for the onslaught of bad mortgages gone into default, leaving them with many mortgages that are worth more than the properties.Florida’s weak regulatory authority could be to blame, one that remains insufficient due to ignored complaints from industry officials.
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