Home » May 29th, 2011 Entries posted on “May, 2011”

South Florida foreclosure sales down in Q1

Foreclosure sales dropped by more than 50% on a year-over-year basis in the first three months of the year, RealtyTrac reported. The biggest drop was recorded in Broward County, having 6,786 foreclosure-related sales and over-the-year-drop of 68%, while Miami had 7,257 such sales, a 64% drop and Palm Beach had 4,734 such sales, a 57 [...]

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Lee’s rocket-docket a totally legal action?

According to a recent court brief the 20th Judicial Circuit didn’t overstep its jurisdiction when the created the rocket-docket. The filing comes in response to an April request by the ACLU that the lakeland-based 2nd District Court of Appeals intercede in a Lee County foreclosure case and overhaul the docket. The ACLU petitioned the appeals [...]

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Edison farm in foreclosure; files $300 million lawsuit

The 4,000 acre land east of Interstate 75, sandwiched between Corkscrew roads and Bonita Beach, had been at the center of multiple disputes for several years. Now the land belonging to Edison Farms Trust and Agripartners faces financial storm that includes foreclosure and a $300 million lawsuit. Back in 2009 the owners of Edison Farms [...]

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Fort Myers short sales accounted 21% of all home sales in April

Fort Myers area home prices increased on a month-over-month basis for the third straight month according to the latest data published by research firms. The median price paid for a single-family home with the help of a Realtor reached $103,000 in April, up nearly 11% from the previous month and up more than 7% from [...]

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Home and condo resales dropped by more than 6.5 percent

Home and condo resales in the Naples area dropped more than 6.5 percent in April. Realtors helped sales of 913 properties, compared to 977 sales in the same month a year ago, according to a monthly report by the Naples Area Board of Realtors. The report reflects all sales made in Collier County through the [...]

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Treviso Bay development has a new owner after foreclosure

Treviso Bay developer’s troubled loans have been taken over by a new company, Treviso Holding LLC, which appears to be an affiliate of Lennar Corp. a new-home builder from Miami. The previous owner of the development is V.K. Development run by Sanjay Kutterperoor, who established a family owned company. He was in a dispute with [...]

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Foreclosures: a new start for real estate

Lo-Exclusivo-Apartments.jpg

A River Park community has reborn under a new owner and now it has a new name and its getting a new look. It’ll be known by the name of Lo Exclusivo apartments, although its previous name pretty familiar to Naples citizens was Gordon River Apartments. The River Park Apartments were purchased last month by [...]

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