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Foreclosure cases eased in 2009
Inman News, Posted: 02/08/10
The number of new foreclosure cases involving property in South Florida leveled off last year, according to a market report.
Default Research, a data collection firm based near Pittsburgh, Pa., found that the initiation of foreclosure cases in South Florida decreased last year after soaring for two years.
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Condo owners can keep selling units
Miami Herald, Posted: 02/08/10
Everglades on the Bay, two condominium towers in downtown Miami, can continue to sell and rent units after a U.S. Bankruptcy Court judge rejected Bank of America's motion to dismiss owner Cabi Downtown LLC's Chapter 11 case and stop its rental program.
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DWNTN UPTRN
Biscayne Times, Posted: 02/08/10
Headline from a January 2006 article in the New York Times: “Downtown Miami: What’s Hot and Trendy and Not South Beach?” The writer of the story, I’m embarrassed to say, was me. That headline, which I did not write, was, to put it kindly, premature.
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Rothstein’s Partner Sued by Bankruptcy Lawyers for $1.2M
ABA Journal, Posted: 02/09/10
Fort Lauderdale lawyer Russell Adler, a name partner in convicted lawyer Scott Rothstein's firm, was slapped with a $1.2 million suit filed by bankruptcy attorneys who claim the money is part of Rothstein's massive investment scam.
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Innovate -- for our future
Miami Herald, Posted: 02/08/10
Here's some good news: Florida's economy is showing some new life. And here's a challenge: Do we want to go back to business as usual, or are we prepared to build something new?
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Regulators Shut Small Minnesota Bank, 16th in 2010
ABC News, Posted: 02/08/10
Regulators have shut down a small bank in Minnesota, bringing to 16 the number of bank failures in the U.S. so far in 2010 following the 140 brought down last year by rising loan defaults and the recession.
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