We have come across news of budget cuts by county and city administrations for the reason of thinning revenues of property tax collection, which has become a common affair by the drop in market values by mortgage crisis, reduced property tax collection and resistance for increasing tax rates by public. Naples is one among them; [...]
The answer to this question would be somewhat elusive, as Naples housing market exactly reflects the national scene – home sales is fluctuating every month and median prices coming down and going up from month to month. See the figures provided by Naples Area Board of Realtors for the month of July. According to statistics, [...]
The Collier County Circuit judge denied a motion to dismiss a civil lawsuit filed by Antaramian Family LLC against Kraft Construction. The well known developer, Jack Antaramian, a partner in the Naples Bay Resort project looked for court approval to review Kraft’s accounting record during the building period. That would sound strange if we don’t [...]
The 11-acre Pulling property was sold on a public foreclosure auction these days. The Collier County Courthouse was full with investors on Wednesday when the County Clerk of Court Dwight Brock began the bidding process for several properties. The first was the the Pulling property, Philip McCabe, an investor had purchased for more than $13 [...]
The housing markets of U.S. are reeling under the pressure of sluggishness in home sales – reasons being financial meltdown; unemployment increasing; consumer spending declining and overall gloom in the economy. Yet it is not that all the housing markets are suffering the same measure of hardship, and there are signs of recovery from the [...]
The year 2009 is one of peoples’ suffering from many woes – unemployment; credit-crunch; foreclosures; drop in market value of homes etc. and would be indelible in their memory for long. This is revealed by the U.S. Bureau of Economic Analysis, which has just released its statistics for 2009 overall in the country. According to [...]
A Fort Myers franchisee was recently filed for a foreclosure lawsuit. The foreclosure action was filed by Encore Bank saying that the landlord and other defendants defaulted on a $939,000 mortgage. Phillip E. Hugh, is a developer who took care of Hotel Indigo in the centre of Front Myers, which was took back by the [...]
July brought less foreclosures than the previous month in Lee County although the officials were busy with processing the backlog of foreclosure filings, which is now fewer than 18,000 cases. "I know we have disposed of a lot more cases than we have taken in," said Charlie Green the county Clerk. "We are making progress," [...]
With short sales becoming ever more popular as an alternative to foreclosures, an alarming trend dampens the irrefutable success the process offers all parties. Of course the short sale process requires the approval of the lender. Large portion of the short sales have been severely hampered by lenders failing to respond timely to the short [...]
With the Eureka Short Sale Program the homeowner’s details are withheld from the market while the conditions of the settlements are being negotiated. Subsequently the property will never be marketed as distressed sale; it will be presented to the market based on its features, not on the vulnerabilities of the parties involved. So the Eureka [...]
