Bonita Springs and Fort Myers FL Area

[shaggy Moderator Find all posts View Profile Close shaggy]

As u may know I'm going to Sanibel , July 14th for a week!! Yay, it's almost here!!! I read I Love Shelling.com every day and her husband Clark is a realtor. I clicked the link and there were lot's of great short sells , in the 80's & of course up. There were some where Jo Ann lives (lehigh Acres) in that price range and in the other areas as well. I don't know much about real estate but hey, u could check it out. shaggy

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

I have to chuckle at how things work out some times. This just came from one of the realtors who helped us in our search a year-and-a-half ago:

Just to keep you up to date in our area, prices are going up and

the inventory is going down. You can ask any Realtor, friend

or Mortgage Co. If you are thinking to buy a house do not wait

too long. Prices are crawling up, but of course it depends upon the

area. Our area is viewed to have the most beautiful beaches and

wild life and still has the lowest prices from Sarasota, Fort Myers

and Naples. Now enjoy the beautiful attached pictures.

Have a nice and safety 4th of July.

Regards,

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

JLB,

As a Floridian, I find that while most of what you write is correct it is what you leave out that puts a different light on the situation. For example, it is common knowledeg that banks are holding back on foreclusures, see the link below.

http://www.sun-sentinel.com/business...,5365718.story

I decided long ago, back during your tirade against all the greedy people caught up in the foreclosure mess, that you and I would likely never wind up in the same foursome, but, is there a point to your popping up every now and then to attempt to find some fault in my posting of what I consider to be desireable foreclosures?

I don't want to hog it, so feel free to post good deals that you come across.

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

For a carefree winter condo, there's not likely to be many more like this, or for less:

http://www.homepath.com/search.html?pa=&q=ENGLEWOOD, FL&bhi=&pi=&bdi=&listingid=34216392

Here's the location:

https://maps.google.com/maps?q=6+Qua...ida+34223&z=14

I believe all of the ones I have posted have sold.

I was talking to the DIL of a 60's-70's pop singer who has beach property in the area, hoping to suck up an invitation to use it for private beach access. She said he has two. I did a property search, and he has three (holding one out on the kids, is he?).

Doncha think he could let us use one, maybe the one with the Blue Velvet, or Red Roses?

I bet the view of the sky and gulf from any of his places is Blue on Blue. If I asked him myself, he'd probably say, "Tell Me Why?" Sometimes when I'm there by myself, I feel like Mr. Lonely.

We sure would like to be able to use one of his properties to access the beach . . . There, I've Said it Again.

After all, I just want to Take Care of My Baby.

Yeah, I hear what you're thinking about me, "To Know You Is to Love You."

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

This just received from a SW FL realtor:

Foreclosures - Just Listed - Recently Sold

The market is getting hot! We have updated and expanded our weekly foreclosure list to reflect the fact that we are now getting fewer and fewer foreclosure listings hitting the market in Southwest Florida.

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

A reasonable little tropical island paradise condo:

http://www.homepath.com/search.html?...ingid=33824752

PS: You can only get there by ferry.

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

We have discussed the homeowners' insurance mess in Florida, especially for older homes or those in harm's way.

Some have suggested "self-insuring", just not having any insurance.

Let me offer a casual warning that likely more important, or costly, than repairing or replacing a house or condo, is the expense of a liability, say someone that gets injured, or dies, or your property. If that should happen, and you have no insurance, well, Sayonara life savings.

I don't claim to be an expert on insurance, but in our case, the liability umbrella that we carry on our other house, you know that goes anywhere you go (when they are selling you the umbrella), does not go to our Florida house, unless there is an insurance policy on that house.

& when it's just sitting there, without us, like an open invitation for someone to go do something to themselves there, we'd be crazy not to have insurance, just so our other insurance goes there too.

Hit me up if ya wanna discuss it.

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

JLB,

As a Floridian, I find that while most of what you write is correct it is what you leave out that puts a different light on the situation. For example, it is common knowledeg that banks are holding back on foreclusures, see the link below.

http://www.sun-sentinel.com/business...,5365718.story

Pranas that is very true. Banks are definitely holding back inventory on purpose. I know many who are strategically foreclosing and have not paid a payment in more than 2 years. They are definitely in foreclosure status but the bank is doing absolutely nothing. One lady in our building has almost 4 years of bank inactivity and we as the association finally foreclosed on her this month because the banks would do nothing.

It's a perfect storm brewing. There are definitely two markets running concurrently here in FL.
I go to the BREIA/DREIA meetings and we always have lawyers and investors discussing their strategies and many in the group are purchasing properties routinely in short sales for 40-50K and reselling for 80-100K. I am on a buyer list where I get emails daily with many of these deals where I am being encouraged to sell to my investors and add my commission to the price. So say a house is being wholesaled for 50K, I can sell it to my buyer for 80K. Many realtors in the foreclosure/short sale world are doing just that and making 20-30K profits on these deals. There are more buyers right now than true sellers because even if someone wants to sell, they are not in a legal position to do so.

It's all very complicated right now.

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

What was was.

What is is.

What will be, will be.

We can only report factually on the first two.

http://www.floridarealtors.org/Resea...rt1-vPRESS.pdf


Despite the surge in South Florida foreclosure actions in the first quarter of this year, the 2012 total is only about half of the number of filings initiated during the same three-month period in previous years when more than 20,000 actions were filed in 2010 and nearly 24,000 actions were filed in 2009, according to the report.

"South Florida's foreclosure actions are on the rise once again after an unofficial 15-month moratorium was effectively lifted in the first quarter of 2012," said Peter Zalewski, a principal with the Bal Harbour, Fla.-based real estate consultancy Condo Vultures® LLC. "Until the National Mortgage Settlement Agreement was completed in early 2012, many lenders apparently withheld filing foreclosure actions against borrowers in default while sorting out the administratively irregularities tied to the 'robo-signer' controversy that first made national headlines in the autumn of 2010.

http://www.condovultures.com/News/Vi...n-Q1-2012.aspx

Though foreclosures could rise again, in most markets the worst was in 2009 or 2010, Blomquist said. He doesn't expect another "tsunami like we saw back then, but more bumps in the road before we get back to normal foreclosure levels," he said.

Jeff Tumbarello, director of the Southwest Florida Real Estate Investment Association, said he would describe what's coming as a bump. During the worst of the crisis, Lee County had 2,000 new foreclosure cases in a single month, he pointed out.

http://www.naplesnews.com/news/2012/...er-lee-county/

Just two years ago, in 2009, the state had 516,711 foreclosure listings. That was almost 6 percent of the state’s entire housing stock.

Things became so bad — Lee County alone had a 25,000-case backlog — that the state hired back former judges to hear the backlog of cases. Funded by federal stimulus money, the courts became known as “rocket dockets.”

http://fcir.org/2011/08/30/florida-and-foreclosures/

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

Today:

Our Florida Place: 88°F High

Our Summer Place: 99°F High

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

This just in from another of SW FL our realtors:

The market is getting hot! We have updated and expanded our weekly foreclosure list to reflect the fact that we are now getting fewer and fewer foreclosure listings hitting the market in Southwest Florida. Many people do not realize we also sell regular homes from normal sellers...this is still 80% of our business. So check out our new property listings by clicking on the links below:

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

Rotunda golf Gulf condo, $32,90. Now on auction.com? Beats me; I couldn't find it.

http://www.homepath.com/listing?listingid=34027652

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

Rotunda golf Gulf condo, $32,90. Now on auction.com? Beats me; I couldn't find it.

http://www.homepath.com/listing?listingid=34027652

On Homepath it says it is in auction pre-sale bid, but auction.com doesn't show it when you search for it there.

This condo is in the older section of Rotonda, the '70's section, near the first, and main, of five golf course in that developement.

Five minutes to Boca Grande.

Incidentally Boca Grande translates to Big Mouth.

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

Foreclosures are at their lowest rate in five years nationwide, but still higher in Florida:

Florida had the highest foreclosure rate in the country last month, a rate of one in every 117 households in some stage of foreclosure.

http://online.wsj.com/article/APc31c...8a5ab9e19.html

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

It must be time to head south again.

7:00 AM Here: 29° There: 74°