foreclosure: Foreclosures In Florida Drop 59% - 05/13/11 07:15 AM
Foreclosures in April were a whopping 59 percent lower in Florida than a year ago according to statistics compiled by RealtyTrac.  Nationwide, foreclosure proceedings in April 2011 dropped 34 percent from April 2010.

foreclosure: Wave Of Foreclosures Has Begun In The Greater Sarasota Area - 08/12/10 03:23 AM
According to data released by California based RealtyTrac Inc., total foreclosure filings in the three-county region surrounding Sarasota jumped to 3,349 during July, a 40 percent increase from a month earlier and a 10.6 percent increase from July 2009.  While much of the reason for the rise stems from resets on adjustable-rate loans, market watchers are also seeing an increase in commercial foreclosures.  Records also show a steady flow of luxury properties going into foreclosure. At least eight homes in the million-dollar-and-over range fell into foreclosure in July. The largest was a $2.08 million loan on a 5,569-square-foot house on Osprey Point Drive.

foreclosure: Attorney General McCollum Warns Of ‘Massive’ Commercial Foreclosures In Florida - 03/23/10 12:16 PM
TALLAHASSEE, Fla. - March 23, 2010 - Attorney General Bill McCollum wrote to legislative leaders on Friday urging them to take note of the potential for "massive" foreclosures on commercial real estate, as more than $1 trillion in commercial real estate loans from Florida's most recent big boom all reach the end of their terms about the same time. "As I learn more about the potential for massive commercial real property mortgage foreclosures, I am convinced that swift legislative remedial action this session would avert some of the more devastating consequences of such foreclosures," McCollum wrote. "As one of the largest … (0 comments)

foreclosure: Fannie Mae Seeks $15.3 Billion In Bailout Money - 03/02/10 07:09 AM
Fannie Mae, the country's largest mortgage financier, says it needs another $15.3 billion to tide over the current housing crisis. The company posted a loss of over $ 70 billion in 2009 compared to $ 58.8 billion losses in 2008. Fannie's losses were mainly on account of $11.9 billion in credit expenses, which included bad loans and costs incurred in maintaining foreclosed properties. The company also took a $5 billion write-down on low-income tax-credit investments. About 5.38% of Fannie's single-family loans were more than 90 days delinquent, up from 2.42% a year earlier. Total nonperforming loans of the company were $216.5 … (0 comments)

foreclosure: Sarasota Custom Waterfront Estate REDUCED $2.25 MILLION - 08/06/09 05:10 PM

1655 BAY HARBOR LN, SARASOTA - $3,499,999 - Beauty and craftsmanship go hand in hand in this splendid Mediterranean masterpiece. This is the developer's personal home.  In addition to the incredible full bay views, this exclusive residence features five spacious bedroom suites, study, loft, six and one half bathrooms, library, family room, formal living and dining rooms. The master suite has its own laundry room and wet bar. An oversized four car garage, brick paver motor court, authentic clay tile roof, and decorative hand carved stone fountain are striking enhancements to the exterior. The gourmet kitchen is a chef's delight with … (2 comments)

foreclosure: 3 Major Things to Look at When Buying Tampa or Sarasota Foreclosures - 08/01/09 12:57 PM
If you're looking to get a good deal by buying a Tampa or Sarasota foreclosure, keep in mind that many of the homeowners not only didn't have money for the mortgage, they probably didn't have money for the upkeep of the house either.  If you've found a home you're interested in, here's a short checklist to follow even before you decide to contact a home inspector.
For some Tampa or Sarasota foreclosures, structure is a definite issue.  Pay close attention to the following, as they may indicate more severe problems:
Are the interior walls in good condition?  Any cracks and stains? Are the floors … (0 comments)

foreclosure: Now $1,999,900, This Bank Owned, 7600sf Luxury Estate was previously listed for $3,325,000 - 11/14/08 02:08 PM
1756 EAST LAKE WOODLANDS PKWY, OLDSMAR, FL  34677     Asking $1,999,900
This foreclosure was on the market for $3,325,000 just 14 months ago.  The bank wants it sold.  Exclusive golf course property located in the luxury community of the Enclave at East Lake Woodlands.  Still in immaculate condition, this property offers a phenomenal list of features, 24' ceilings in the foyer, formal dining room, gourmet kitchen, theatre room with surround sound wiring. A massive 42'x19' game room, with built-in Wet/Dry Bar, granite counters, wine rack, icemaker, & … (0 comments)

Steve Eckhardt, Tampa, St Pete, and Sarasota Luxury Broker (Cornerstone Properties International)

Steve Eckhardt

Tampa, St Pete, and Sarasota Luxury Broker

Tampa, FL

More about me…

Cornerstone Properties International

Address: 8875 Hidden River Parkway, Suite 300, Tampa, FL, 33637

Office: (813) 929-3900

Mobile: (813) 765-1182

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Local insight about the Tampa & Sarasota areas, economic conditions that affect the luxury housing market, and unique marketing ideas that help you sell your home. Steve Eckhardt is the Founder, President, & CEO of Cornerstone Properties & Investments. He has been recognized by Who’s Who In Luxury Real Estate and has established himself as one of the area’s preeminent purveyors of luxury homes. His company, Cornerstone Properties & Investments, is a full service luxury boutique firm listing and selling some of the most expensive properties in Greater Tampa Bay and the Sarasota Gulf Coast Regions. His skilled team is committed to providing legendary client service with an unparalleled standard of integrity and expertise. Known for high-profile properties and clients, Steve can provide access to the most exclusive neighborhoods with complete confidentiality. His high regard for client's privacy is what keeps them referring friends and colleagues. We serve the Greater Tampa Bay, Clearwater, St. Petersburg, Sarasota, Siesta Key, and Longboat Key markets.




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