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Month: January 2024

People on the move

People on the move

Construction

Tracy Hunt was appointed executive vice president and general manager at Skanska. He will oversee the organization’s building and construction operations for the state of Florida.

Health care

Dr. Jason Atienza was appointed chief quality officer for Orlando Health Advanced Rehabilitation Institute.

Law

Morgan N. Lester has rejoined Ball Janik LLP, Orlando, as an attorney in the firm’s construction defect practice.

The Orlando Law Group has acquired the Orlando-based The Law Offices of Jerrod Paul P.A.

Other

Verne Keller was promoted to commercial district manager for Florida at Truly Nolen Pest Control. He will be based in company’s Orlando service office.

Susan Makowski was hired as vice president of resource development at Heart of Florida United Way, Orlando.

Submit professional appointments, management-level promotions and significant awards for individuals, along with photos as .jpg attachments, to peopleonmove@orlandosentinel.com.

Why some renters won’t buy homes, even as mortgage rates fall

Why some renters won’t buy homes, even as mortgage rates fall

By Elizabeth Renter | NerdWallet

Last year was tough for potential home buyers: Prices and mortgage rates were high, while the number of homes available was low. But even if rates inch down and inventory climbs — trends many experts expect in 2024 — some nonhomeowners will be content to sit this one out. That’s because renting a home isn’t just a consolation prize, something you do only if you can’t buy. For many, it’s a deliberate choice.

Well over one-third (37%) of renters plan on renting forever, according to NerdWallet’s 2024 Home Buyer Report. For many, it’s a lifestyle choice: Three-quarters of Americans who rent their homes say renting suits their life better than owning right now.

Meanwhile, a smaller share has resigned themselves to renting after a discouraging run as a potential buyer: 1 in 20 Americans who began 2023 with plans to purchase canceled those plans because they changed their mind about buying a home, now or ever, according to the survey.

Recent Central Florida bankruptcies

Recent Central Florida bankruptcies

Chapter 7

Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include:

Talco Construction LLC, 17304 Phil C. Peters Road, Winter Garden. Filed: Jan. 16. Assets: $744,294. Liabilities: $1,591,907. Major creditors: Alside Supply Center, Orlando, $645,517; Seacoast Bank, Stuart, $272,011; United Rentals #669, Atlanta, $86,069. Creditors meeting: Feb. 16.

Chapter 11

Central Florida individuals and businesses that have filed for reorganization and protection from creditors under Chapter 11 of the U.S. Bankruptcy Code include:

The Apostolic Church of Jesus Orlando West, The Apostolic International Ministries Inc., 6101 Denson Drive, Orlando. Filed: Jan. 19. Assets: $3,183,399. Liabilities: $4,933,663. Major creditors: Third World Missions Inc., Merritt Island, $1,714,252; U.S. Small Business Administration, Jacksonville, $105,000; Truist Bank, Wilson, N.C., $7,947. Creditors meeting: Feb. 26.

Perfect Predators Inc., 1945 W. County Road 419, Oviedo. Filed: Jan. 23. Assets: $149,250. Liabilities: $10,000. Major creditors: DRG Consulting, Miami, $10,000. Creditors meeting:  Not available. read more