Fannie Mae, Freddie Mac, REO’s Indifferent to State Laws

December 8, 2009

As buyers actively pursue foreclosures in the country they may not be aware of certain statutes regarding the purchase of condominiums and/or properties located within a homeowners associations. In some instances condominium associations could be part of a homeowners association.
A prospective buyer should be sure the real estate agent they are selecting is aware of [...]

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Granada Lakes – half a million dollars in past association dues

December 7, 2009

As prospective buyers run towards the purchase of less expensive condominiums in the Naples area – their attention has not been to the financial stability of the association. In other words they are running into condominium complexes that could be facing a financial distress situation. Warnings regarding the apartment to condominium complexes and their potential [...]

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Short Sale – No Sale

August 10, 2009

Don’t blame the banks or lenders for not approving a potential short sale for every property! You just might blame the seller and the real estate agent. Buyers need to be aware of the facts before they waste their efforts and time on a transaction which is doomed even before the offer is made on [...]

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Short Sales – Income Tax Effect

July 5, 2009

Sellers of short sales often are not aware of the income tax effects of the short sale transaction and surprised to receive a form 1099-c.
Below is information for sellers of potential short sale transactions.
A short sale in real estate occurs when the outstanding loan against a property exceeds the market value of the property and [...]

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Estero Homes for Sale – Inventory

May 13, 2009

The available homes for sale in the Estero area saw a drop in the number of homes for sale as of the close of business on April 30. The current number of homes for sale was 471. This represents a drop in the inventory of 57 homes. The decline represents of about 11 percent. In [...]

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Naples Condos for Sale Inventory

May 3, 2009

The available condos for sale in the Naples area saw a drop in the number of condos for sale as of the end of April or start of May. The current number of condos for sale is 4954. This represents a drop in the inventory of 274 condos from the end of March. The decline [...]

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Why buy Naples real estate now

January 28, 2009

Jim Cramer: Florida Raises Hope for U.S. Real Estate
It appears that Jim Cramer thinks that Florida is the model for the nation’s real estate market. He thinks that Florida was the first state to feel impact of the real estate bubble and now after 2 years it has bottomed out with the rest of the [...]

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Naples Condo Market Update

September 10, 2008

August Naples Condo Activity:
Listings:
During the month of August 458 Naples condominiums were listed for sale. For the same month in 2007, 560 condominiums were listed for sale; this represents a decrease of 18.2 percent. The decrease from 2006 was 32.7 percent from the 680 new listings.
In July 2008 there were a total of 499 condominiums [...]

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Naples Real Estate News 07/14/08

July 15, 2008

HOMEOWNERS INSURANCE
Start shopping around now for the best rates on homeowners insurance for your Naples, Bonita Springs or Estero residence. As the largest insurer of homes, condos and apartments in the state, Citizens Property Insurance has nearly 9,000 agents writing policies. But the insurance agents say that Citizens doesn’t pay them enough, especially in light [...]

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Naples Real Estate News 06/27/08

June 28, 2008

MORTGAGE RATES
Rates on 30-year mortgages rose again this week – to 6.45 percent – climbing to the highest level in more than nine months, reflecting concerns about how the Federal Reserve will respond to higher inflation pressures.
HOMESTEAD EXEMPTION
As county budgets shrink, officials are becoming more aggressive seeking out owners who lie about their living status [...]

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