The US Senate on Thursday crushed hopes of getting extension of unemployment benefits for jobless residents of Southwest Florida, including Collier and Lee Counties. Naplesnews.com reports many heart-rending real life stories from the affected persons. Some excerpts from the news coverage: Over 17,000 residents of Lee and Collier Counties, who are jobless and collecting emergency [...]
Foreclosure crisis as we know has rendered millions of home owners in distress; thousands were driven away from their homes; banks and lending institutions are baffled with delinquencies; and their books are laden with hundreds of thousands of “deadweight” properties, blocking their capital and losing interest every day. Yet there is one more dimension to [...]
Florida has been consistently in the Top 10 States most-hit by foreclosure crisis. According to the latest report of foreclosure activity for the quarter ended March 2010, Florida is ranked second – behind California – in making a chunk of contribution by 70 percent of the total foreclosure filings all over the country. The individual [...]
Florida has been ranked second – behind only California – in turning out large numbers of foreclosure filings as per statistics available for the first quarter ended March 2010. Foreclosure activity in Florida continued its upward trend, showing an increase by 7 percent in the quarter under review and up by 29 percent compared to [...]
While a Short Sale is resorted to by troubled home owners everywhere, Naples, Florida has more reasons for that. The foreclosure statistics recorded for the city justify this. This County seat of Collier County, Florida has disproportionate figures of foreclosure properties for its population strength. According to 2007 US Census, Naples had a population of [...]
The stock market stinks and the foreclosure market is producing some property for sale. Real estate is and always will be a great way to invest money you want to work for you to create lasting wealth, and housing prices are at an all-time low. Interest rates are also at an all-time low and a [...]
Like the rest of Florida; South West Florida, including areas such as Bonita Springs, Naples and Marco Island are struggling through the foreclosure crisis. Short sales are on the increase as more lenders are agreeing to allow home owners to sell their properties at less than the outstanding amount owed on the mortgage. Interest rates [...]
