Real Estate

City admits error in demolishing historic homes

Jacksonville, Fla. -- You see the hearts throughout Springfield - painted on historic homes in foreclosure, or structures threatened with demolition. But the group behind the hearts - Preservation Save Our Springfield -- has found the biggest threat to homes isn't time or decay - it may be the city's failure to follow the rules.

On May 23, the house at 129 East 2nd Street came crashing down. Built in 1905, the two story home had been targeted by Springfield advocates for preservation. 

Just 24 hours before it was demolished, the city's Historic Planning Commission had approved a request from Preservation SOS to seek to shore up the home, rather than see it destroyed.
The city chose to proceed with the tear-down.

Then, less than 30 days later, another demolition 253 E. 2nd Street - just one block away.

Using Your IRA to Buy Foreclosures

JACKSONVILLE, Fla. -- The Multiple Listing Service shows there are 304 foreclosed properties for sale in the Jacksonville area.  Some big investors are snapping up those deals and then renting the homes.  But smaller, cash-strapped investors can get a piece of the action too by tapping their retirement accounts and becoming landlords.

Bank of America Hosts Home Loan Workshop

JACKSONVILLE, Fla. -- More than 5,000 homeowners on the First Coast, behind more than 60 days on their loans, have been invited by Bank of America to explore options at a free mortgage outreach.

Bank of America says 400 homeowners registered to take part in the workshop being held at the Omni Hotel Downtown. 

"Our average loan workshop success rate is 30%," said Bank of American spokesperson Jessica Garcia.

Garcia says the rate would be higher for loan modifications except in many cases homeowners are missing some needed documentation.

William from Jacksonville Beach attended the workshop and said that was the case with him.

"That was kind of frustrating because I could have printed it out," said William who preferred we not use his last name.

Bank of America offers loan modification deals that involve lowering the interest rate and extending the length of the mortgage.

Downsizing in Jacksonville: Mansions to Condos

JACKSONVILLE, Fla. -- The housing boom and then eventual bust left many people who bought high holding the money bag with nothing in it. Condominium prices, especially here in Florida, were hit especially hard.  Those prices have since plummeted and some folks are starting to wade back into the buying pool. Those buyers include families who are looking for a different type of lifestyle in downtown Jacksonville.

Seth Pajcic, his wife Kathleen, and their two children moved into their three bedroom condo on the 17th floor of the Peninsula condominium complex on Jacksonville's Southbank last December. Pajcic uses the skyway to get to work at his law office downtown.  "If you work downtown, the way gas prices are today, you're not going to be paying that much for gas. You can walk or take the train," says Pajcic.

Durbin Crossing Hosts Celebrate Success Realtor Event

Durbin Crossing Hosts Celebrate Success Realtor Event

Excitement was in the air as close to 200 Northeast Florida Realtors and guests attended the Durbin Crossing Celebrate Success Realtor Event. The evening cocktail event, held at the South Amenity Center in Durbin Crossing, provided Realtors with networking opportunities and the chance to learn more about the community’s premier builders. Realtors were honored for contributing to the tremendous success of Durbin Crossing and for making it one of the fastest selling communities in Northeast Florida.