Astepahead

Didn't want to steal the News-Press or Media outlets thunder ....but the largest foreclosure auction in my last blog post was about Gulf Coast Town Center. For further details about the auction, please read the article below (Link provided)The News-Press article by Patricia Borns

You think you've seen it all, but every once in awhile a shocker comes along. This particular asset is in an excellent location, has Class A tenants--national anchors, recently built but fell into foreclosure in September 2015. The case moved swiftly through the courts, and in May 2016 the auctio...

The Zemel land (ZREV FARM LLC and ZEMEL FAMILIES) located in the north part of Cape Coral was sold to GA-Pinnacle Cape Coral LLC in April 2016 for $3,049,500.  (Approximately $2,155 per acre)The Zemel property was the subject of a Trustee sale handled by Madison Hawk  in October 2015. The initial...

Channelside Apartments LLC 11100 and 15031 Gladilous DriveFort Myers, FL325 UnitsPurchase price: $55,000,000 Per door price: Approximately $170,000The raw land price for this site, which was owned-developed by Mcgregor 325 LLC was $4,500,000.The approximate price for the construction of the renta...

Gulf Coast Town Center heats up with new arrivals By Dick Hogan Gulf Coast Town Center — and the commercial property surrounding it — are morphing into the retail and restaurant capital of Southwest Florida as the pace of construction picks up at last after the recession.“If you’re not here at th...

The Minto West Project is noteworthy and attendance by the Palm Beach real estate community at the City Of WPB Meeting on October 14, 2014 is encouraged! The City of WPB Resolution currently "opposes" approval. Summary of the Resolution opposing Minto's new project, Links to the meeting, and deta...

  PALM BEACH COUNTY FLORIDA FORECLOSURE STATISTICS and MARKET DATA AUGUST 2014     New Foreclosure Cases and Mortgage-Deed Information ·         480 new foreclosure cases in August. ·         6,083 Mortgages and deeds recorded in August, a 9.4 percent decrease from 6,714 deeds recorded in July.  ...

PMI Mortgage Insurance Co. (PMI) and PMI Insurance Co. (PIC) have been taken into conservatorship by the Arizona Department of Insurance.  As of June 30, PMI was unable to meet its required minimum policyholder position.  PMI announced on its website that there will not be a moratorium on claim ...

HUD has approved a program aimed at putting foreclosed homes back into the hands of owner-occupant buyers.   Overview of Requriements:1.   Buyers need a down payment of only $100 to purchase a HUD-owned REO home.  (Underwriting guidelines apply, and the sale must be for the full amount of the cur...

Current Economic Conditions by Federal Reserve District Real Estate and Construction All twelve Districts reported that real estate and construction activity was little changed on balance from the prior report. Residential construction remained at low levels, particularly for single-family homes...