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Latest Sarasota Real Estate News
Friday, Dec 16, 2011 5:39 PM
SEC sues Top Execs at Frannie and Freddie
The Securities and Exchange Commission has charged six former executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) with securities fraud ... Read more »
Friday, Dec 16, 2011 5:48 AM
Brady Skinner defaults on $650,000 loan
Ohio accountant Brady L. Skinner has defaulted on a $650,000 loan that borrowed in January 2003 against a 2,077-square-foot house at 6911 Point of Rocks Road on Siesta Key. ... Read more »
Topics: Brady Skinner, Todd Kolbe, Wesley Luburgh 1 Comment
Friday, Dec 16, 2011 5:41 AM
Gary Landsman defaults on $400,000 loan
Four months after his son was sentenced to two years in prison for participating in a flipping fraud scheme, Gary B. Landsman has defaulted on a $400,000 loan from Northern ... Read more »
Topics: Gary B. Landsman
Thursday, Dec 15, 2011 3:11 PM
FBI Estimates 80% of Mortgage Fraud Involved Industry Insiders
The FBI estimates that 80 percent of all mortgage fraud involves collaboration or collusion by industry insiders. This confirms what one of the country’s top fraud experts has said for ... Read more »
Topics: William K. Black
Thursday, Dec 15, 2011 5:36 AM
Dolphin Towers condo prices falling…to $25,000
The fact that it will cost far more to repair the structurally deficient Dolphin Tower on Sarasota's bayfront than anyone expected further depressed sale prices of units in the building. ... Read more »
Topics: marvin kaplan, Richard O'Dell 1 Comment
Thursday, Dec 15, 2011 5:33 AM
Matthew Landsman checks in to Tallahassee prison
Matthew Landsman, the nephew of David and Myrna Band, has checked into the Federal Correctional Institution (FCI) in Tallahassee - a low security facility housing female inmates with an adjacent ... Read more »
Topics: J. Patrick Brester, Matthew Landsman, Michael Chadwick
Thursday, Dec 15, 2011 5:29 AM
Citrus marketer defaults on $1.4 million loan
Gulf Citrus Marketing LLC, a Punta Gorda company managed by George A. Winslow, has defaulted on a $1.415 million loan from Regions Bank. Gulf Citrus borrowed the money in ... Read more »
Topics: George A. Winslow, Gulf Citrus Marketing LLC
Thursday, Dec 15, 2011 5:16 AM
North Port inventories remain low
The following market analysis was sent to the Herald-Tribune by Michael Saunders agent Robert Goldman: The number of homes for sale in North Port continues its recent historic lows, while ... Read more »
Topics: Robert Goldman
Wednesday, Dec 14, 2011 7:02 PM
John Cannon appoints new director of sales and marketing
Mark Grigoli has been appointed as the new Director of Sales and Marketing for John Cannon Homes, Inc. Mark, a native of Andover, Ma. has been an integral part of ... Read more »
Topics: john cannon, mark Grigoli
Wednesday, Dec 14, 2011 3:08 PM
November sales up nearly 13 percent from last year
The following analysis was sent to the Herald-Tribune by the Sarasota Association Realtors: November 2011 property transactions in the Sarasota real estate market totaled 602, up 12.7 percent over last ... Read more »
Topics: Sarasota Associates of Realtors
Wednesday, Dec 14, 2011 5:13 AM
Lakewood Ranch pre-school files Chapter 7
MJB Lakewood Group LLC, a company that owns the Little Footsteps Academy in Lakewood Ranch, has filed for Chapter 7 bankruptcy protection, listing $70,670 in assets and $759,919 in ... Read more »
Topics: James P. Festa, Little Footsteps Academy 1 Comment
Wednesday, Dec 14, 2011 5:01 AM
Manatee early stage foreclosure filings down from October
As in Sarasota, the number of early stage (lis pendens) filings logged by the top 10 lenders dropped in Manatee in November from a month earlier. There were 228 filings, ... Read more »
Tuesday, Dec 13, 2011 5:50 PM
Former Wamu executives pay $75 million to settle FDIC lawsuit
Reuters is reporting that three former executives of Washington Mutual Inc have agreed to a payment of about $75 million to settle a lawsuit brought by the Federal Deposit Insurance ... Read more »
Tuesday, Dec 13, 2011 4:31 PM
Stability reigns in Venice market
The following analysis was sent to the Herald-Tribune by Michael Saunders agent Robert Goldman: Over the last couple of months Venice reached what I called a “new bottom”, and it ... Read more »
Topics: Robert Goldman
Tuesday, Dec 13, 2011 5:58 AM
Homeless shelter files for bankruptcy protection
Bread of Life Mission Inc., which runs a Punta Gorda homeless shelter managed by Judy M. Jones, has filed for Chapter 13 bankruptcy protection listing $150,000 in assets and $174,000 ... Read more »
Topics: Bread of Life Mission Inc, Judy M. Jones
