Items Tagged with 'Florida'

ARTICLES

Florida real estate agents targeted by elaborate fake Realtor group

Complex scam threatens Florida Realtors with license suspension
Florida Realtors, which boasts 165,000 members in 55 boards and associations, issued a warning to its members this week after Realtors in the state recently began receiving letters from the “Florida Board of Realtors” that claim the Realtors real estate license is in danger of suspension. The issue? The “Florida Board of Realtors” doesn’t exist.
Read More

Lennar finalizes $643 million acquisition of WCI Communities

Lennar pays all cash, citing upside for company’s stock
Lennar is officially growing its business as the company announced Friday that it completed the acquisition of WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida. The companies first announced the deal back in September 2016, and after some financial due diligence, the deal is now complete.
Read More

Remember Florida’s foreclosure crisis? Residents do as they head to the polls

Florida heads to the polls
The country once again finds itself closely watching Florida as residents head to the polls in a state that could decide the election. Less than a decade ago, however, the country instead was watching the state fall apart due to a heaping amount of homes going into foreclosure. So how is this impacting voters?
Read More

WCI Communities doesn't find better offer; $643M merger with Lennar to move forward

"Go shop" period expires, but deal isn't done yet
When WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced last month that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for $643 million, the company said that its board was going to take a 35-day “go shop” period to seek a better deal. Now, the 35-day “go shop” period is over and the merger with Lennar is moving forward, but it’s not a done deal yet.
Read More

Monday Morning Cup of Coffee: Hurricane Matthew causes billions in insured property losses

Fannie, Freddie offer relief to hurricane victims
Hurricane Matthew's sweep through the Southeastern coastal states left behind billions of dollars of damage, according to CoreLogic’s estimates. The GSEs are once again offering disaster relief to those whose homes were destroyed. Plus, St. Louis found a new way to create affordable housing for teachers.
Read More

Lennar agrees to buy luxury homebuilder WCI Communities for $643 million…or does it?

Agreement includes provision that allows WCI to seek better offer
WCI Communities, a “lifestyle community developer and luxury homebuilder” headquartered in Florida, announced this week that it agreed to a “definitive merger agreement” with fellow homebuilder Lennar for quite the premium, but the company is seeking out a better deal.
Read More

Florida court upholds city's rights to place liens on zombie homes

Cities' liens on foreclosed properties aren't extinguished when home is sold
In a move that should help municipalities within the state of Florida fight against the state’s glut of zombie foreclosures, a state appeals court ruled recently that liens placed on foreclosed homes by the city are not discharged when the home goes through a judicial sale. Here's a closer look at the decision.
Read More