florida: Follow up: What happens when your Condo Association or HOA goes Bankrupt.
- 12/17/08 01:31 AM
Sadly I fear that I was right. The stories are just beginning. Many Condo Associations are teetering on Bankrupcy and the same is for many HOA's. The following article was published in the local news Paper. Foreclosures burden owners at Coral Lakes Home and condo owners at the Cape Coral gated community Coral Lakes may have to pay $650 by year's end to offset expenses the association owes because of the number of foreclosed homes.A meeting to decide if homeowners would have to pay the assessment ended without a decision Tuesday when the head of the association's board declared the meeting … (3 comments)
florida: Follow up: What happens when your Condo Association or HOA goes Bankrupt.
- 12/17/08 01:06 AM
Sadly I fear that I was right. The stories are just beginning. Many Condo Associations are teetering on Bankrupcy and the same is for many HOA's. The following article was published in the local news Paper. Foreclosures burden owners at Coral Lakes Home and condo owners at the Cape Coral gated community Coral Lakes may have to pay $650 by year's end to offset expenses the association owes because of the number of foreclosed homes.A meeting to decide if homeowners would have to pay the assessment ended without a decision Tuesday when the head of the association's board declared the meeting … (3 comments)
florida: What will happen if your condo association goes bankrupt?
- 09/25/08 03:05 AM
What is going to happen to the values of condominiums when the homeowners association goes bankrupt? We hear about foreclosures, but those are just the tip of the iceberg. As developers begin to walk away from unfinished communities, or refuse to continue to contribute to the HOA many condo owners are going to be facing enormous costs to continue to maintain their common elements. Is your appraiser examining the condominium budgets or doing the research necessary to determine if there is any pending or ongoing litigation? Make sure your buyers are getting a sound investment and look carefully at not only … (3 comments)
florida: Hey, Wanna buy some Florida Swamp Land? Many recent buyers did!
- 09/22/08 02:15 AM
It's been a long time since I've heard the jokes about people being sold Florida Swamp land. But it sure was a popular theme not so many years ago... Even Dinsney World was once know as a swamp. Well I had a very interesting Date of Death Appraisasal that I completed for an estate. The date of death was 3rd quarter of 2006. This lot was located in the Middle of Fakahatchee Strand State Preserve. If you are not familiar with it Fakahatchee Strand was the setting for Susan Orlean's book "The Orchid Theif" and the movie based on it "Adaptation". WE … (3 comments)
florida: Fraud cases still causing high property taxes?
- 09/22/08 12:22 AM
So did your taxes go down this year? Why not? It looks like it may be a long time before the Assessor catches up with all of the dirty sales that are on the books. These frauds and flips are hitting all of us taxpayers right in our pocket book. So the bad guys go to jail, nice but we're still going to pay for it out of our Pocket. Kat... Fraud cases still causing high property valuesNaplesnews.com By ELIZABETH WRIGHT (Contact)7:33 p.m., Sunday, September 21, 2008
CAPE CORAL - In a wave of home sales that were based on … (2 comments)
florida: Fort Myers, Florida August 2008 Real Estate Market Report
- 09/21/08 11:20 PM
August 2008 Real Estate Market has shown continued price declines for Fort Myers, Florida. Although there were a spike in 1st Quarter sales the ongoing sales volume remains low. No attempt was made to verify the data for possible seller concessions or fraud. These Market trends taken from Rapattoni MLS and includes all sales occurring in Fort Myers, FL from 8/1/2004 through 8/31/2008.
This chart show the increase in market activity through 2nd Quarter 2005, followed by increasing values @$/Sq.Ft. of living space. With the collapse of sales volume 3rd Quarter 2005 the sales prices began trending downward. Currently … (1 comments)
florida: Kat Bryce - Introduction
- 05/31/08 08:58 AM
I would like to take this opportunity to introduce myself to the community. I am a Florida State Certified RE Appraiser RD-4424. My practice is in the SW Florida marketplace, specializing in high-end and water-front properties. Real Estate Market analysis is another of my specialties so watch for ongoing installments of what is taking place in the SW Florida Market Place. Follows is a sample chart tracking sales trends in Cape Coral Florida.
What is your market doing? Kat... Kathleen Brycehttp://www.leecountyappraisals.com … (6 comments)
Sadly I fear that I was right. The stories are just beginning. Many Condo Associations are teetering on Bankrupcy and the same is for many HOA's. 
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