Foreclosure Damage

On April 26, 2009 By

It is truly sad what some residents are doing to their home when facing foreclosure.

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The Boston Globe reports on the significant appetite by New Englanders in Southwest Florida real estate. The Fort Myers area has a strong base of residents that have relocated from the Boston area and also attracts a significant number of New England area snowbirds each winter. We are seeing a significant number of New England [...]

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The News-Press provides an update on the high-rise scene in the Fort Myers River District. Leasing activity is increasing – drawing in younger tenants High Point Place sales are brisk – at slightly moderated prices First Street Village – will move forward in future Riviera – 75 units to be auctioned on 05/14/09 We have [...]

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The Ledger defines and details the practice of gazumping, where institutional owners of property continue to take bids on homes after they have accepted an offer. In foreclosure scenarios, some banks are requiring buyers to sign an addendum that allows the bank to continue accepting offers on a property even after the contract is effective. [...]

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With the housing downturn in full force, developer Syd Kitson has announced plans to turn his Babcock Ranch project into the nation’s first solar-powered city. While I applaud Mr. Kitson for his creative thinking and interest in conservation and the green movement, the absolute last thing that we need right now in Southwest Florida is [...]

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The most expensive home to sell in Lee County Florida during March 2009 was a single-family bay-front home located at 1571 San Carlos Bay Drive on Sanibel Island. This recently renovated home overlooks San Carlos Bay with expansive views to Punta Rassa and Pine Island. This home offers 3,121 SF and features 4BR and 4BA. [...]

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