Naples Florida Real Estate News - 08/22/07

In January, Naples, Florida voters will consider amending the Florida Constitution to help correct existing problems in the collection of real estate taxes. A just-released study by University of Florida finds Florida voters - 58 percent approval rating for the amendment, which is only 2 percent below the number needed (60 percent) for passage.

For years, big, innovative and fast-growing banks have grabbed all the mortgage business, pushing aside the smaller, traditional local banks. But now, amid current credit-market woes, these plain-vanilla banks sense an opportunity: Investors may turn to these banks, who could see their conservative ways finally pay off.

Looking at foreclosures in the Naples area? Be careful around abandoned pool homes. Experts say that an uncleaned, unfiltered pool becomes the ideal breeding ground for mosquitoes, the carriers of West Nile virus, that can pick it up from infected birds. In fact, some experts believe that an increase in foreclosures could lead to an increase in the spread of the West Nile virus.  Quickly don’t be in "de-Nile."

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