Foreclosure properties lying unsold pave way for blights. Banks and real estate pros are struggling to sell these properties, since fines for code violations are mounting to the tune of hundreds of thousands of dollars, oftentimes exceeding the value of the property and tend to grow at rates of hundreds of dollars each day. This [...]
The US Senate on Thursday crushed hopes of getting extension of unemployment benefits for jobless residents of Southwest Florida, including Collier and Lee Counties. Naplesnews.com reports many heart-rending real life stories from the affected persons. Some excerpts from the news coverage: Over 17,000 residents of Lee and Collier Counties, who are jobless and collecting emergency [...]
The Attorneys representing home owners in foreclosure cases at Naples are the worried lot – they say recent changes in the way hearings are scheduled in Collier County give banks undue advantage. They have had trouble getting hearings and the five minute hearings by magistrates on foreclosure cases, seem to be reserved now for banks’ [...]
As per inventory analysis published in one of the Naples-Marco Island local real estate sites, Marco Island inventory levels are reported to be down by 10 percent from what they were this time last year. The pending sales figure is just equal – no increase or decrease – from the last year properties of 182. [...]
In today’s Naples real estate market, many banks and mortgage lending institutions have acquired countless properties through the foreclosure process, under the foreclosure laws of Florida. This State is ranking 3rd in the latest foreclosure activity report of the nation, released by Realtytrac for the month of May 2010. Naples, as one of the highly-sought-after [...]
Market watchers are hopeful that a new Law – The Distressed Condominium Relief Act – which is going to take effect from July 1, 2010 in Florida, may not only help distressed condo real estate market of Naples along with other locations, but also may lead to similar laws being promulgated in other States. The [...]
Wherever there are mounting inventory of unsold foreclosure properties, there exists a good scope for home buying with profits. Naples, Florida in Collier County comes within this description. Typically in every city, which was most sought-after by home buyers during the real estate boom years, the foreclosure crisis has made it a norm that the [...]
Online polls are the authentic ways to a considerable extent, to feel the pulse of the people on any given subject. Assorted opinions – pro and ante – come about anonymously from the viewers, without any compulsion voluntarily. Here is one such poll conducted by Naples news.com on the ticklish issue of morality, about the [...]
Buying homes from the foreclosure property lots is the new buzz, making its round in the US housing markets. Naples, Florida is one such active market for home sellers and buyers in the circumstances obtaining currently, owing to the innumerable attractions of Naples, as extraordinary location. What is a Short Sale? It is different from [...]
