Florida is unquestionably amidst one of the top ten states worst-hit foreclosure crisis, turning out huge number of homes caught under the fiasco, month after month during the last few years. The reasons are obvious, because its housing markets were doing roaring business as the most-preferred locations in the country. Home buyers vied with each [...]
The foreclosure fiasco and its devastation was more or less same everywhere, including Naples, Bonita Springs and Estero Beach areas of the Paradise Coat in Southwest-Florida. If you look back in the statistics of Naples Real Estate, you will easily understand the heavy impacts of the foreclosure crisis, which engulfed the country as a whole [...]
Nine months have passed since Step By Step shut down, and amid allegations of embezzlement, employees, parents and creditors are lining up at the bankruptcy court and the Naples-area day-care center has been sued after defaulting on a loan. Last month in Collier County Court the Bank of Naples sued Step By Step, the Foundation [...]
According to statistics released by the Southwest Florida Real Estate Investors Association lenders filed 834 foreclosure lawsuits in August in Lee County. This number is down from the previous month’s 882 and less than half the 1,692 registered in August last year. Another important note is the almost a thousand (more precisely 989) properties sold [...]
The federal government in all good intention has devised mitigation plans to help distressed home owners like the one encouraging Short Sale. But the real-time experience of many in the need is not sweet, because of the reluctance of lending banks. Yes – the banks may have difficulties in entertaining Short Sale requests for variety [...]
One of the most important impacts of the mortgage crisis is depletion in property values and property tax revenues. From the real estate perspective when more properties swamp the housing market, automatically the competition lowers the list price of properties for sale and overall reduces the market value of properties. Marco Island in the Collier [...]
Naples housing market was scared by the rumors of BP oil spill, but fortunately recovered unhurt – if the statistics turned out by Naples Area Board of Realtors are any indication. Overall it is reported buoyancy with increased median home sale prices and increased pending sales on a year-over-year comparison. To start with, inventory of [...]
Homeowners must know, that even after they lose their homes in foreclosure, the lender or debt collector can come at the door. In Lee County deficiency judgments are up, just like nationwide. With deficiency judgment lenders in Florida have the legal right to collect the difference between what was owed on a mortgage and the [...]
News is floating in the media that arising out of the BP oil spill in April, which created a scare among Realtors of Florida of setting a gloom in their business, an agreement has been signed with the claims administrator and Florida Realtors. This agreement paves way for claiming a share in the allocated funds [...]
The coast is clear – this is not only the green signal given to ships to shore inside the harbor, but has been used to a great relief to everyone connected with the sea-shores of Naples and the real estate business people in particular. The BP Oil spill was the talk of the town ever [...]
