Bonita Springs and Fort Myers FL Area

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Highest in the 10-Day here: 63
Highest in the 10-Day there: 84
Lowest in the 10-Day here: 34
Lowest in the 10-Day there: 59

Is it time to go?

46 Here, 78 There

Now?

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I recognized immediately from the address that this one is in the subdivision with the Gulf access on Oyster Creek. It looks pretty nicely updated, too.

Starting at $69,900. It won't last long.

County, FL - Fannie Mae REO Homes For Sale

2059 Georgia Ave, Englewood, FL 34224 - Google Maps

Osyter Creek access:

http://maps.google.com/maps?q=2059+G...rEp_5zX2_b3sLg

Oh yeah, there are still foreclosures in the pipeline in Florida, but not like when I was actively searching. At that time there were always 12000 or so on this one site. Right now there 4075. Before there were always more than 800 in Lee County and right now there 337. When we were there in January, we had a list of about 50 to look at. Now it would be less than 10.

But it only takes the right one.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Inground pool, just off the main drag, across the street from Lemon Bay.

$69,900

Sarasota County, FL - Fannie Mae REO Homes For Sale

1445 Homestead Drive, Englewood, Florida 34223 - Google Maps

Still available. Someone take it so I can come swim in your pool.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

46 Here, 78 There

Now?

It's great day for golf up north, as was yesterday, so I'll put the drive off another day.

It took me 11 holes to get my drive figured out yesterday, but maybe I did.

I've been saying that for about 50 years now.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I recognized immediately from the address that this one is in the subdivision with the Gulf access on Oyster Creek. It looks pretty nicely updated, too.

Starting at $69,900. It won't last long.

County, FL - Fannie Mae REO Homes For Sale

2059 Georgia Ave, Englewood, FL 34224 - Google Maps

Osyter Creek access:

2059 Georgia Ave, Englewood, FL 34224 - Google Maps

Oh yeah, there are still foreclosures in the pipeline in Florida, but not like when I was actively searching. At that time there were always 12000 or so on this one site. Right now there 4075. Before there were always more than 800 in Lee County and right now there 337. When we were there in January, we had a list of about 50 to look at. Now it would be less than 10.

But it only takes the right one.

Having looked at them, this is the only one in Englewood worth it. The others are pretty far gone. This one is all there, just needs updating. The water access makes it a good one.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

46 Here, 78 There

Now?

83 here, 43 there.

[tennisWalt Super Moderator Find all posts View Profile Close tennisWalt]

Weather Is Great Today

Bonita Springs Sunset





Walt

[rapmarks Moderator Find all posts View Profile Close rapmarks]

great picture Walt, we are down in Naples on the beach for the week. How is red tide there?

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

There is short sale a block away for $35K.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I have commented that the number of foreclosure are way down from when we were actively searching a year ago. But, the verdict may be out on that.

About that time, FL cracked down on foreclosure-mill law firms that were robo-signing large quantities of foreclosure documents, without reviewing them. A couple of major firms were shut down and many lenders have suspended foreclosings. Whether that is temporary and whether lenders are working to modify loans and keep people in their houses, rather than settling for pennies on the dollar, is yet to be seen.

There are still plenty of abandoned houses around.

The market is so depressed that it's hard to imagine that things are much better than they were a year ago, so that lots of people still have loans much higher than the value of their houses. I met a couple this week who bought a foreclosure two years ago and are having a hard time selling it because the market has declined much more since then.

That being said, the house two away from us, which is a third smaller than ours, but otherwise similar, just sold for twice what we paid for ours in Jan/Mar. Others that are similar in our area are on the market for up to three times what we paid. Still, that is half of what they were once selling for.

A foreclosure case is also going to the Supreme Court of Florida, even though both sides (lender and owner) don't want it to, because the question is of significance.

My sense is that during this cooling-off period, foreclosures are accumulating, and when everyone gets their ducks in a row, there will be another major outbreak.
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Hey, I just noticed . . . 1 infraction in 9200 posts. That's not bad. I'm sure I have a lot more than that driving.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

In Florida, houses are appraised every year and sales figures are public, so it is possible to quanitfy the housing debacle. According to a State economist, between 2006 and 2011 the average homeowner lost $123,900 in value. If a family earning the State's average of $69,000 per year would save at twice the average rate of savings, it would take 20 years to save that much.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

In Florida, houses are appraised every year and sales figures are public, so it is possible to quanitfy the housing debacle. According to a State economist, between 2006 and 2011 the average homeowner lost $123,900 in value. If a family earning the State's average of $69,000 per year would save at twice the average rate of savings, it would take 20 years to save that much.

The following site agrees, the average selling price of a Florida home in 2007 being $243,000 and in 2011 $123,000.

Florida Home Prices and Home Values - Zillow Local Info

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

The following site agrees, the average selling price of a Florida home in 2007 being $243,000 and in 2011 $123,000.

Florida Home Prices and Home Values - Zillow Local Info

Thing astonishing thing about this is that is not just the distressed properties (you know, those hundreds of thousands of people who intentionally tried to buy more than they knew could afford ).

That is all properties in FL, averaged out.

I was sitting at McDonalds wifi-ing the other day and the couple in the booth next to me was doing what we did in January, going through all the properties for sale on the Internet, and I kinda chuckled. The guy kinda asked, "What?" So we struck up a conversation.

They already got a condo and are now wanting a house. Same interests, on water, etc., so I shared our experience, and the one I recommend now. They add it to their list.

Just curious, I googled Bobby Vinton's house, since I know his son, DIL, and grandkids, and his house on Manasota Key appears to be for sale. It is directly on the beach, Golffront, and appeared to be reduced from 2.4 to 1.999999.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

CBS 60 Minutes tonight.

11 million Americans are still upside down on their houses, generally 50% value to mortgage.

The new plague, now the banks are walking around from them, and towns and cities are having to demolish houses.

All that would if the banks would write down the mortgages. The lenders who created the problem are now compounding it.

Those gutting it out are doing so because walking away means giving up on the American dream, even though they admit they know it is economically foolish. What might may make more is if they would walk with their American dream to a devalued home. If someone was willing to lend them $100,000, I'm betting someone would be willing to lend them $50,000.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

First day for DW and I in our multi-back-to-back-prime-week timeshare together.

83 and nothing but sun.

32 up yonder.