Business Week reports that lenders are stepping up their efforts to collect on deficiency judgments of mortgage defaulters. The article reports that banks are seeking deficiency judgments in both short sale and foreclosure scenarios.
[more] →The latest report on the Lee County rental market released by RealFacts of Novato, CA detailed some significant shifts in our rental market for 4Q09.
[more] →WGCU hosted a panel of Southwest Florida real estate experts including Dick Hogan from the Fort Myer News-Press.
[more] →Gotta love the direct selling approach, probably not going to work real well at Miromar Lakes!
[more] →One of the buyer misconceptions about our current Fort Myers area real estate market is that banks will approve ultra-aggressive, low-ball offers on short sales and foreclosures. Approving low-ball offers in Lee County has absolutely not been the operating model for lending institutions during 2009.
[more] →The Miami Press reports on new guidelines coming out from the U.S. Treasury that will place a 10 day limit on bank approval for a short sale. These guidelines cover mortgages for institutions participating in the Home Affordable Modification Program including JP Morgan Chase and Bank of America.
[more] →Time Magazine covers the re-emergence of flippers to the Florida real estate market. We have certainly seen this in the Fort Myers area, particularly in the entry-level single-family home foreclosure market.
[more] →One of the featured 2009 newsmakers is convicted real estate deal-maker Samir Cabrera. If you are interested, he is now making his home in Pensacola at the Federal Prison Camp.
[more] →Peter Goodman, the author of Past Due, which prominently featured the boom and subsequent bust of the Cape Coral real estate market weighs in with an update in today’s NY Times. This article is a must read for anyone with a vested interest in Cape Coral real estate.
[more] →Fort Myers MLS Map Search
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