Banks Easing Loan Requirements for Condos
January 8, 2010 by Perry Corneau · Leave a Comment
Much of the reason for the current over correction in condominium prices has been the lack of available lending due to tightening of lending guidelines for condominiums. I was recently quoted in an article titled Condo groups in financial pain which appeared in the Sarasota Herald. It now looks like Fannie Mae may have figured out [...]
Florida Home Sales
October 27, 2009 by Perry Corneau · Leave a Comment
Homes sales in Florida increased by as much as 34 percent in October marking the 13th consecutive month with increased sales as measure in year-to-year comparison. There were 14,419 homes sold in September this year compared to 10,778 for the same period last year. The increase in condominium sales was even more dramatic. Statewide the [...]
Foreclosures at Arielle on Palmer Ranch
October 20, 2009 by Perry Corneau · Leave a Comment
Right now the are two very nice deals on foreclosures at Arielle on Palmer Ranch. This is a very nice gated luxury condominium community. Click here to view the details about these bank owned properties. Visit our website www.palmerranchcondominiums.com/arielle for more information about the community or visit www.bankownedpropertydeals.com to get daily updates about other foreclosure as [...]
Sarasota Bank Owned Real Estate
October 9, 2009 by Perry Corneau · Leave a Comment
With prices in Sarasota on the rise again, time is running out to get the best deals on bank owned properties and foreclosures. If you are interested in getting a list of foreclosure property deals in Sarasota, Bradenton, or the Keys or Lakewood Ranch, visit www.bankownedpropertydeals.com and register. We are seeing an increase in [...]
Arielle on Palmer Ranch
August 19, 2009 by Perry Corneau · Leave a Comment
Arielle on Palmer Ranch is a nice residential condominium enclave of 192 units. Each of these luxurious condos has a private garage and most of nice views of the lakes. There is a community pool and a jacuzzi in this gated community. On average the units are about 1800 square feet in [...]
Legacy Golf Course
August 16, 2009 by Perry Corneau · Leave a Comment
The Legacy Golf Course in Lakewood Ranch is soon the change hands. Due to the slowing economy the number of rounds being played have been down. The current debt to Textron Financial is not being adequitly serviced under the current rate of play. The course is not expected to close but the [...]
Buying Foreclosures
July 17, 2009 by Perry Corneau · Leave a Comment
Harris Interactive recently conducted a study in which it was determined that 55 percent of people surveyed identified them selves as likely to purchase a foreclosed property. Back in November of 2008, the same survey indicated that only 47 percent were likely to purchase a foreclosed property. People currently renting (68%) were among the most [...]
Sarasota Foreclosures
May 14, 2009 by Perry Corneau · Leave a Comment
After a brief moratorium on bank foreclosures we are seeing a spike in foreclosure activity. March foreclosure activity amounts to a 40 percent increase over previous months. Other market indices point to a market recovery so current foreclosures make for wonderful opportunities for smart investing. If you are interested in purchasing distressed [...]
Multiple Offers
May 7, 2009 by Perry Corneau · Leave a Comment
USA Today just ran an article entitled; “More homes get multiple offers; downturn may be nearing end”. A similar article just ran in the Sarasota Herald Tribune. This is definitely the case hare in Sarasota. We have three years of pent up demand and yes there are many properties on the market [...]
First Time Home Buyer Credit
February 19, 2009 by Perry Corneau · Leave a Comment
Under the recently passed $789 billion economic stimulus package first time home buyers may receive a tax credit equal to 10% of the homes value up to a total of $8,000. Buyers who have not owned a home during the past three years are also eligible for this tax credit. Unlike previous programs, this tax [...]
