Metas
Naples Florida Real Estate News - 08/23/07
The stories are running in media throughout Florida: real estate tax bills are down slightly; more importantly, they’re not higher. However, long-time homesteaded owners will still see a yearly tax increase if their assessed value has been kept artificially low thanks to the Save Our Homes amendment.
If you are thinking about a Naples home or condo, be sure to check if the loan program you were pre-approved for is still available. Don’t be too surprised if the loan officer or mortgage broker does not answer your phone call, return it or is not at his office - more than 25,000 mortgage workers have lost jobs since the beginning of the month – with more than half of those since last Friday.
Bank of America Corp. has made an equity investment of $2 billion in Countrywide Financial Corp., calling it a “vote of confidence.” Or is it a way for Bank of America to gain a larger portion of the residential lending market. The equity investment can be converted into common shares, so that B of A’s ownership would be between 15 percent to 16 per cent. This would make B of A the largest shareholder - a controlling interest.
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