A new book, Exiles in Eden: Life Aong the Ruins of Florida’s Great Recession, offering an insiders view to the Florida housing crisis is hitting the shelves this week.
The Fort Myers area is prominently covered by author Paul Reyes including a look at a mostly abandoned, upscale gated community. A book about the housing bust would not be complete without an examination of Lehigh Acres, where the authors parents purchased a vacant lot in 1969 on the $10/month plan while honeymooning in Miami.
[more] →My e-mail inbox today contained an e-mail that really troubled me, here it is with the senders name redacted:
Subject
I BUY AND SELL SHORT SALES…
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] →The St. Petersburg Times reports that the bottom feeding foreclosure workout firms will face significantly more scrutiny in Florida. These workout specialists promise miracles, typically charge a desperate homeowner a large upfront fee and then don’t do anything to help save the home from foreclosure. Here locally, there are firms operating in under the guises [...]
[more] →The Sarasota Herald Tribune reports on short sale flipping fraud that is becoming more prevalent here in Southwest Florida. In a nutshell, real estate professionals and investors are teaming up to by undervalued distressed properties from banks and then immediately flipping the property to a new buyer at a hefty increase. The short sale flippers [...]
[more] →The trail of false promises, scammed investors and deceit just never seems to end when it comes to Russ Whitney. His latest venture, Millionaire University is the subject of a class action suit filed by a group of scammed students. Basically, Millionaire University ran late night infomercials designed to lure naive real estate investor wannabees [...]
[more] →It is truly sad what some residents are doing to their home when facing foreclosure.
[more] →The party is over for one Cape Coral couple, Ron and Lisa Luczak, who last week plead guilty to a mortgage fraud scheme. The racket which targeted Cape Coral property, used straw-man buyers, over-inflated appraisals and contract assignment fees involving at least 37 properties and $27M in home loans. In an 18 month period, Lisa [...]
[more] →A company scamming potential renters was recently busted in the NY area. The company posted bogus “to good to be true” rental advertisements. They often copied rental listings from legitimate sites, so the properties were actually for rent……. just not from this company. When applicants inquired, they were charged fees including $200 for credit checks [...]
[more] →Fort Myers MLS Map Search
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