Rare find in Cottage Point. Elevated home with 3 bedrooms, dining/living room with soaring cathedral ceiling, natural stone wbf, 2 baths. New metal roof, appliances, airconditioner – 2006. Home features solar tinted windows, granite counters in kitchen, plantation shutters, French doors, Kevlar storm screens, impact resitant sliders downstairs, gorgeous Mexican tile through out home and pool area, two car garage, fenced in back yard. Plenty of room for boat and/or RV. Huge ground floor (one bedroom, one bath, kitchen) currently rented $850 per month Could be used as rec room, guest suite, pool cabana or mother-in-law suite. All this on your own secluded 1/2 acre. Close to Sanibel Island, shopping, airport 15 minutes. Florida Gulf Realty Group, Inc. Peggy Henward, 239-980-574.
Lexington Golf & Country Club
ABSOLUTELY THE BEST VIEW IN SOUTHMONT COVE!
Lake views from every window. Open and spacious (3 bedrooms, 2 baths) freshly painted with new upgraded carpet in living, dining room and bedrooms. Tile in wet areas. Just steps to the pool and Island Club. Pay as you play golf on the 18 hole championship golf course that is amateur-friendly, 12 har tru tennis courts, and many other amenities. Just minutes from 3 beaches, 15 minutes to airport. Florida Gulf Realty Group, Inc., Peggy Henward 239-980-4574.
| SW Fla. banks hit hard by bad debt |
| Banks based in Lee and Collier counties reported almost $736 million in bad debt tied to real estate as of Sept. 30, up more than 75 percent from debt that was already soaring a year ago. The debt, a “non-performing asset,” increases as borrowers default on loans and property falls into a flooded foreclosure market |
| A simple narrative is often used to characterize the foreclosure crisis at the heart of America’s Great Recession: While banks are at fault for approving risky loans, people who lived in the homes are as much to blame. ¶ Vanity Fair magazine calls American homeowners “infantile” for living beyond their means. Financial pundits criticize them for splurging on swimming pools and three-car garages. The truth is that real estate speculators and revenue-hungry local governments bear just as much of the responsibility — and maybe more — for the collapse in the housing market. |
Unemployed Home Owners May Get Assistance
The Obama administration has opened a dialogue with major lenders, economists, and government officials over the possibility of extending a financial lifeline to home owners who no longer can afford their mortgages because of job losses.
Possible strategies range from encouraging loan servicers to allow unemployed borrowers to skip some payments to providing grants or loans to temporarily cover mortgage obligations for home owners who become unemployed.
The talks have drawn praise from some real estate groups and other interests, who say that without aid to this subset of homeowners, the housing recovery could lose momentum.
Mike Lashbrook and his wife, Denise, are among many first-time buyers who are snapping up homes in Lee County and driving a sales pace close to twice…
By news-press.com
There were 1,252 existing single-family homes sold in August in Lee County with the help of a Realtor, almost twice the 684 from a year earlier.
By news-press.com
MLSonline Inc. has reinvented itself to arm prospective home buyers with knowledge and to add comfort to the home shopping experience.
By news-press.com
