The American Civil Liberties Union has initiated a petition which ended up rejected by Florida’s Second District Court of Appeals, alleging that the state’s special “mass foreclosure docket” court system doesn’t allow homeowners an opportunity to defend their home against foreclosure. The ACLU’s petition zeroed in on Lee County and was filed in April on [...]
One Financial Plaza is now heading to foreclosure sale as its owner agreed to a $64.2 million foreclosure judgment. Compass Bank won the judgment against One Financial Center LLC based on a $58.7 million mortgage, plus interest and fees. The 276,000-square-foot office tower, on 4.1 acres at 100 S.E. Third Ave., is set for online [...]
The median price paid for a home in Naples increased 6% from $199,000 to $210,000 in May 2011, according to The Naples Area Board of Realtors press release. In 2011, there are 7,705 unsold properties on the market as opposed to 9,006 last year. “With its strong market and rising prices, Naples is the exception [...]
Shoreline Finance LLC and Ellington Restaurant Group LLC are in a dispute regarding the now vacant restaurant located at 1244 Periwinkle Way, and a $2.3 million debt, owed by Ellington Group. But the faith of the real estate was decided by 20th Judicial Court Judge Sherra Winesett, who ordered last week a Final Judgement of [...]
The long fight seems to be close to its end, as Naples developer Jack Antaramian won the lawsuit against the project’s contractor Manhattan kraft Construction Co Inc. to see the accounting records for the troubled Naples Bay Resort project. The project took more money and time than initially expected and now it faces foreclosure. A [...]
