Florida’s Property Taxes Go Wacky in Housing Slump

In Palm Beach County, Fla., buyers who find fire-sale bargains at foreclosed home auctions — picking up, say, $400,000 houses for $100,000 or less — are also realizing they’re required in many cases to pay the same property taxes, as if the homes were still valued at $400,000. In Miami-Dade County to the south, where one in four homeowners are 30 days or more behind in their mortgage payments, residents are bracing for what Mayor Carlos Alvarez says could be an imminent property tax hike to fill an almost $400 million budget hole — a move that veteran Miami realtors like Alex Shay insist would set recovery back.

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Texas police will return cash in case that prompted lawsuit

Authorities who seized $8,500 and assorted jewelry from a Tennessee man after a traffic stop in east Texas have agreed to return the property after his case drew attention from CNN. Roderick Daniels said police in Tenaha, Texas, took the money in October 2007 after they stopped him for doing 37 mph in a 35-mph zone. He said police threatened him with money-laundering charges and promised not to prosecute if he signed over the cash, which Daniels said was to buy a new car

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Mortgage Fraud Crackdown Is Gathering Steam in Florida

Florida’s Gulf Coast was crawling with shady real estate investors like Neil Husani during this decade’s housing boom. According to the U.S. Attorney’s office in Tampa, Husani and three co-conspirators working with his Sarasota-based Capital Force, Inc., bilked seven area banks out of $83 million in a mortgage fraud scheme.

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Obama’s first 100 days in photos

Security personnel found Miranda Tozier-Robbins looking through the windows of the singer’s home in Calabasas, California, the department said in a written statement. Tozier-Robbins also had a backpack and video equipment, the statement said.

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