Month: May 2012
Miami Heat President Pat Riley recently sold his mansion in Coral Gables for nearly $17 million, according to an article on Sun Sentinel.
The home, which features five bedrooms and eight bathrooms, was purchased by Riley and his wife Christine for $6.8 million in 1996.
Click here to read the entire Sun Sentinel article.
There’s some good news for homeowners finding themselves in financial hardships… According to the Miami Herald, state officials have voted to implement a massive overhaul on a $1 billion program to help struggling homeowners, potentially opening the doors for thousands of Florida homeowners who were previously denied government aid.
When the program launched last April, the Miami Herald reported that strict requirements would disqualify many local homeowners right off the bat. And according to Florida Housing Finance Corporation data, 12,516 homeowners were rejected, while only 5,540 applicants were approved.
Now that the rules for qualification have be reviewed, the FHFC said it will reach out to homeowners who were initially rejected to check if they qualify under the new rules.
Julio Iglesias, Spanish singer and father of pop star Enrique Iglesias, just purchased a property in Miami Beach’s exclusive Indian Creek community, according to the Wall Street Journal.
To read the full article, click here.