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January 2010

There are 4 blog entries for January 2010.

Barefoot Beach in Bonita Springs, Florida - 2009 Sales Report

Monday, January 25th, 2010 at 8:59pm. 1,550 Views, 5 Comments.

Barefoot Beach Real Estate for SaleThe Barefoot Beach real estate end of year 2009 market statistics for both home and condominium sales are listed below.

Barefoot Beach is tucked away just on the border of Bonita Springs and Naples and is one of the most gorgeous beach communities on all of the SW Florida Gulf Coast. It is popular for its unsurpassed homes - long considered the "Rodeo Drive"  of the area, the properties will delight the most discriminate buyer. Surrounded by nature and elegant homes, three miles of white sandy beach is right outside the door of many of the residents. For those with a taste towards boating and fishing, the island also backs up to…

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Fannie Mae to Speed Up Foreclosure/REO Inventory Sales

Monday, January 11th, 2010 at 9:17pm. 1,759 Views, 6 Comments.

Fannie Mae Foreclosure SalesAccording to a memo sent out to all its lenders and mortage servicers, Fannie Mae is going to modify the way it goes about the handling of selling its foreclosure/REO inventory effective immediately. In the announcement, Fannie says it will now accept purchase offers for this type of inventory immediately after listing, without notifying lenders or mortgage servicers whose loan files are under review. Under its previous policy, Fannie gave lenders and servicers fifteen days to find a better purchase offer for new REO they sent to the company following foreclosure.

Apparently, Fannie Mae has finally recognized its foreclosure/REO…

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Bonita Springs, Florida End of Year 2009 Real Estate Sales Report

Wednesday, January 6th, 2010 at 5:47pm. 1,525 Views, 0 Comments.

Bonita Springs SunriseThe Bonita Springs real estate end of year 2009 market statistics for both home and condominium sales are listed below. Bonita Springs, known as the "Gateway to the Gulf,"  is one of Southwest Florida's fastest growing coastal cities. Lifestyle options are endless and its central location between Ft. Myers and Naples make it a most desirable destination in which to live.

Bonita Springs Real Estate Sales Data

Bonita Springs Home Sales End of Year 2009*:
  • 941 Closed Sales (623 in 2008)
  • Average Sales Price - $326,538
  • Median Sales Price - $241,500
  • Average Days on Market - 147
  • Average Sales Price/Square Ft. - $140.25

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New HUD Guidance for FHA Loans and Short Sales

Sunday, January 3rd, 2010 at 7:50pm. 8,825 Views, 5 Comments.

FHA Loans and Short SalesFor buyers or investors looking to purchase a short sale property using FHA financing, HUD has put in place some tough guidelines going forward into the New Year. A letter sent to FHA lenders by Commissioner David Stevens last week spelled out the agency's revised policy regarding short sales. HUD made it quite clear they are not going to tolerate individuals trying to "take advantage of declining market conditions"  on principal residences or simply "renting out their current house"  in order to buy another property that is a lower priced short sale.

Here's a summary of the latest guidance:
  • Applicants for new FHA insured…

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