Naples Real Estate News 07/01/08

July 2, 2008 Posted in Bonita Springs Florida Real Estate, Estero Florida Real Estate, Naples Florida Real Estate, Real Estate News 

COUNTRYWIDE

Florida Attorney General Bill McCollum filed a lawsuit against Countrywide Financial Corp. Monday for misleading and unfair trade practices. “It is unthinkable a company would try to take advantage of someone’s dream of homeownership,” says McCollum. Meanwhile, Bank of America’s purchase of Countrywide Financial Corp. is expected to become official today.

Listen to the report.

WORKFORCE HOUSING

Florida Housing Finance Corporation, the state arm that funds workforce housing, released $5 million in funding this morning under its $10 million-dollar Homeownership Pool (HOP) Program.

DEVELOPMENT TRENDS

With a growing number of elderly and disabled people who would like to continue living in their own homes, a smart development trend would be “build it and they will stay,” according to a new University of Florida study.

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