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Amelia Island Plantation Files for Chapter 11 Bankruptcy - 11/18/09 11:49 AM
Local papers have reported that Amelia Island Plantation (i.e., Amelia Island Company) Filed for Chapter 11 bankruptcy Friday Nov 13th in order to allow it to operate while a court approved reorganization is being sought. That action should take approximately 30 days. This action should avoid a second court action taken by Prudential Financial Services to have the Company forced into Chapter 7 Bankruptcy (liquidation of assets). Along with the Chapter 11 news, AIC announced that it has signed an agreement with an investor group that was formed to provide short and long term financing to preserve the Plantation and allow it to … (1 comments)
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AMELIA ISLAND AREA 4 BEDROOM SHORT SALE OFFERED! - 11/18/09 08:36 AM
MY LISTING: HICKORY VILLAGE GEM (YULEE)- 86339 Sand Hickory Trail (SUBDIVISION: HICKORY VILLAGE), Yulee FL 32097
Beautifully maintained, 2005 sq ft home. This is a 4/2 with separate dining room, living room and great room. Other features include upgraded kitchen, Split bedroom floor plan, two-car garage, covered patio, and full irrigation. Great location; partially fenced. Very convenient to local schools.
This is a short sale. However, an acceptable losing price had been previously negotiated for a buyer who lost patience with the transaction time. So now a "fast track" closing is anticipated. Owner anxious to sell.
Make an offer!
Richard Roux
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Nov 2008 Tax Credit for existing Homeowners- A Question - 11/11/09 08:53 AM
I've only seen bits and pieces of the new legislation.
Has anyone seen a definitive answer to this:
The tax credit of 6500 is for buyers who have lived in their primary residence for the last 5 of 8 years.... But:
•Ø Do they have to make the new home their primary residence?
•Ø Must they also sell their current primary residence?
I.E., could the $6500 tax credit be applicable to a investor?
Thanks for your input!!!
Richard
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SHOCK! Lenders make more money on foreclosures than short sales!? - 11/08/09 08:28 AM
Via Pacita Dimacali - e-PRO, SRES, CDPE, MBA East Bay, North CA real estate (Gallagher & Lindsey):
Lenders make more money on foreclosures than from short sales or loan modifications. That's what Steve Harney converyd in a seminar. He caused an earthquake in San Francisco
When loan modifications are turned down, the next thing we attempt is to do the short sales. And we kinow that lenders turn over the short sale accounts to loan servicing companies who make our lives hell getting short sales approved. As such, we should know that these loan servicing companies make MORE money by letting the properties … (2 comments)
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AMELIA ISLAND TOWNHOME FOR SALE - 11/05/09 09:42 AM
FRONT OF HOME
MY MY NEW LISTING- A RARE FIND IN AMELIA PARK'S GARDEN DISTRICT! 3/2.5 townhome (not a condo) in move in condition. Beautiful home with Master Suite downstairs. Open floor plan with 11 ft ceilings and 18X18 Ceramic tile floors. Wall to Wall carpet in bedrooms. Large front patio and upper balcony offer views or the beautifully landscaped Garden District. Low HOA fees. You can walk to YMCA, stores, church and from this beautiful & unique neighborhood.
CONTACT ME at 904 415-6096
www.ameliaislandresidences.com
Richard
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Jacksonville Sea & Sky Spectacular- NOV 6-8, 2009 - 11/03/09 07:35 AM
Jacksonville Sea & Sky SpectacularNovember 6-8, 2009Jacksonville Beach OceanfrontFree Admission
Visit the City of Jacksonville, Naval Station Mayport and City of Jacksonville Beach, City of Neptune Beach and City of Atlantic Beach as the skies and waterways of the First Coast are transformed into the backdrop for the most exciting air acts and military demonstrations in the world! This free event features a dynamic over-the-ocean sky show highlighted by the world-famous United States Navy Blue Angels along with other military and civilian flight teams, live entertainment and a street festival featuring static displays of aircraft and military vehicles, simulators, recruitment booths, and kids area and Meet … (0 comments)
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Jacksonville Listed as Top Retirement Area. - 11/03/09 07:26 AM
The Jacksonville HOMEBUYER reports that the Jacksonville area ranks No. 14 on a new list by Forbes of America's 40 "recession-proof" retirement cities. Forbes said it considered such factors as average income for seniors, current and expected home prices, job-growth predictions through 2014, the also ranked 13th for number of sunny days, eighth for income of residents 65 and older, 14th for median home price, 32nd for home price change predicted for 2009-2014, 13th for cost of living and 15th for median housing cost.
Contact me if you are looking for a home in the Jacksonville area, any where from Amelia … (3 comments)
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Richard Roux
Amelia Island,
FL
More about me…
Watson Realty Corp., REALTORS
Address: 3321 S. Fletcher Ave., Fernandina Beach, FL, 32034
Office Phone: (904) 261-3986
Cell Phone: (904) 415-6096
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