The fitting description for the Naples home sales activity would be – “weathering the foreclosure storm” while analyzing the latest third quarter report, for the three months ended September. While the overall report for the state of Florida continues to be – the same third place in the country during the latest quarter, behind Nevada [...]
The freeze of foreclosures have caused headache for sellers, buyers, real estate agents and other businesses from title insurers to law offices. What is reason of headache? Banks have pulled hundreds of foreclosure homes off the market in the area and foreclosures are getting cancelled at the courthouse. However, Katy Zorn, doesn’t feel this headache. [...]
Two of the nation’s biggest mortgage lenders GMAC and Bank of America stated they’re resuming foreclosures with new procedures in order to ensure their paperwork is accurate and legal. The foreclosure moratorium made foreclosure fell at least a third, but still, Fort Myers court is one of the nation’s busiest ones. Among attorney, homeowners and [...]
The latest market report presented by Naples Area Board of Realtors, for the month of September is encouraging, with regard to not only home sales but also the median price at which homes were sold as well. Besides the statistics for this particular month, the overall statistics for the quarter ended September are also bright [...]
Naples home sales continued their slide for the third consecutive month in September. The main factors include the end of a homebuyer tax credit, the BP oil spill and financing challenges for buyers. In September there were 475 condo and home sales, which is down more than 18% from 583 in the same month in [...]
There are several reasons why the Naples housing market saw a decline in sales for the third consecutive month. One of the existing reason might be the BP spill in April, although Naples never saw any oil reach its beaches. There were misperceptions though that it did, so that made buyers to walk away. "A [...]
Naples home market is one of the prestigious as well as pricy in Florida’s attractive and most desired locations. The foreclosure crisis and the consequent shrinkage of spending attitude by consumers, in the present weaker economy is instrumental in bringing out dramatic changes in strategies for home selling as well as home buying. Especially the [...]
According to multiple sources Florida law firms were using the same robo-signer type of practices in order to repossess homes that tripped up the nation’s major lenders. This sign make experts believe that the foreclosure moratorium is much larger than it seems. In Florida for example bank that have not pulled back on foreclosure sales [...]
The Naples Bay Resort is in the hands of a receiver, who was appointed these days following a two and a half hour hearing in Collier County Circuit Court. "The receiver will take over the management, the advertising, the marketing, basically over everything," said Naples developer Jack Antaramian. Antaramian took over the mortgage for the [...]
Foreclosure is a devastating problem on U.S. real estate, hitting millions of home owners in distress, and a new problem within this problem has hit the headlines of the media. Washington Post carries a detailed news story, about how the nation’s biggest mortgage lenders pay scant attention to the foreclosure cases. Florida State which consists [...]
