Cash sales, foreign investors drive down mortgages in Florida

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Sunny South Florida Tops in Fraud Federal authorities have charged 12 individuals with operating a multistate South Florida-based moving scam that bilked more than 900 victims. The scam was primarily operated out of an office in.

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Wealthy American buyers are lessening the impact of the geographic targeting order that has scared away some foreign investors, who typically make up the lion’s share of all cash buyers of South.

Mr. Trump reported investment and cash accounts with holdings of at least $47.5 million last year, down from $. included 14 loans for at least $315 million, including a new financing of $5 million.

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The sales reflect an opportune time to sell with few listings, particularly for Canadian investors who bought years ago, said Lawrence Yun, chief economist for the association. "Canadians who bought.

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"I have no loans. seventh Florida property, the Trump Hollywood in the city of Hollywood. How much he has made over the years from that property’s 200 units is unclear. BH3, an investment fund.

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Florida, New York and Alabama were considered the top three states with the highest percentage of buyers paying with cash instead of taking out loans or mortgages. Approximately 64% of all 2014 commercial land sales in Florida were cash-only purchases.