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Tampa Florida Real Estate
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 .
Suspicious Property Deals On The Rise
TAMPA - State agencies are investigating potential mortgage and title fraud involving 36 unorthodox real estate deals in the Bay area. The deals aren't an anomaly. A Tampa Tribune investigation into the questionable practice of inflating home sales prices so a third party can walk away with tens of thousands of dollars has resulted in the discovery of other suspicious contracts across Florida. Lenders rank Florida first in the country for mortgage fraud, and experts say rapid appreciation in home values has made the state even more ripe for fraud and questionable real estate deals. Now that the market is cooling, lenders fear they will be on the hook for a flood of bad mortgages. "The reports we're getting are incredible," said Doug Pollock, president of Information Data Services, which investigates problem mortgages.
Cash fear for couple as flight is cancelled
TWO anxious Coventry pensioners are still waiting for a refund after a tour operator cancelled their trip to Florida. Ann and Archie Pithers, of Yewdale Crescent, Potters Green, Coventry, spent £930 with Flywho so they could fly directly from Birmingham to Florida on December 7, their 32nd wedding anniversary. Both are retired and are planning to stay in Tampa, Florida, with their son Jason Pithers, aged 40, who moved to America 10 years ago and works in real estate, and his children Harry, aged six, and Jake, aged two. Mrs Pithers, aged 62, found the company on the internet and was thrilled as it meant the couple could fly direct to Florida from Birmingham. She booked the flights on July 7 but on October 27 received a letter from Flywho saying they did not have any flights available.
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