Homeowners turning to “strategic defaults” … and more

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1. North Palm Beach to open new $500,000 tennis center this weekend [Palm Beach Post]
2. SLS hotel set for Miami in 2011 [Hotel Chatter]
3. Four-decade-old furniture store to close in Miami [Miami Herald]
4. Some turning to “strategic defaults” as mortgage strategy [Bloomberg]
5.
Senate looks to ramp up mortgage fraud prosecution efforts [The Real Estate Bloggers]