Even as the real estate market on Gasparilla Island and elsewhere in Florida returns to normalcy, a House Justice Appropriations Subcommittee vote reminded the Great Recession still remains a weight on the state economy.
State Rep. Kathleen Passidomo's, R-Naples, controversial House Bill 87 would expedite foreclosures.
Florida's judicial foreclosure system requires mortgage lenders to file a civil lawsuit to foreclose on a home in default. With the unprecedented number of Florida mortgage defaults - twice the national average - Florida foreclosure lawsuits have increased to unprecedented numbers.
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The asking price for a fully leased commercial property at 301 Park Ave. has increased $145,000 to $1.195 million. The 3,843-square-foot property with a 960-square-foot studio apartment on the second floor is under contract through the Seale Family Inc. The retail space is anchored by Englewood Bank & Trust.
Passidomo said Florida's judicial system has become bottlenecked as a result and her bill is an attempt to fix the problem. HB 87 would allow some foreclosure lawsuits to be re-routed into an expedited foreclosure process.
Pushing foreclosures along faster is controversial. Does it favor banks at the expense of beleaguered homeowners?
There was opposition to the bill at the committee meeting where it passed, said Booker Perry for PICO United Florida. Other opponents included Dale Landry, president of the Tallahassee Branch of NAACP; and Alice Vickers of Florida Consumer Action Network and Florida Legal Services.
Fact Box
Property of the Week
The asking price for a fully leased commercial property at 301 Park Ave. has increased $145,000 to $1.195 million. The 3,843-square-foot property with a 960-square-foot studio apartment on the second floor is under contract through the Seale Family Inc. The retail space is anchored by Englewood Bank & Trust.
Danielle Kelley, an attorney who defends foreclosures and is herself in foreclosure, said she was told by her lender to stop payments to qualify for a trial loan modification only to have a foreclosure filed against her when the lender refused to make the loan modification permanent.
State Rep. Kerner, D-West Palm Beach, voted against the bill claiming it would have a disproportionate impact of foreclosures on Hispanic populations. The bill still needs approval of the Florida Legislature.
REAL ESTATE ACTIVITY
The following information through March 5 may not include all listed expired, withdrawn, pending or sold properties from the My Florida Regional Multiple Listing Service.
BOCA GRANDE LISTINGS
1675 Jose Gaspar Drive, $4.695 million
331 Gilchrist Ave., $2.680 million
16728 Grande Quay, $1.595 million
Seawatch No. 44, $1.375 million
788 Beach View Dr., $860,000
PENDING
411 Rock Dove Drive
Seawatch No. 37
Boca Grande Club Marina Village No. 6
2731 Shore Lane
Sea Oats No. 253
PRICE CHANGES
1635 Jean Lafitte Drive , reduced $300,000 to $2.45 million
301 Park Ave., increased $145,000 to $1.195 million
Boca Grande Club Marina Village No. 1, reduced $19,900 to $210,000
CLOSINGS
Boca Grande Club Beach Chalet No. 101, listed at $389,000, sold for $375,000 Feb. 28
PLACIDA/CAPE HAZE LISTINGS
255 Spaniards Road, $595,000
4680 Arlington Road, $499,900
PENDING
Boca Vista E202
4632 Arlington Drive
PRICE CHANGES
4340 Cape Haze Drive, reduced $4,500 to $187,999
CLOSINGS
10010 Eagle Preserve Drive, listed at $89,900, sold for $79,000 Feb. 26
PROPERTY TRANSFERS
The following Lee County property transfer listings through March 8 include date, property owner, type property, address, sale price and strap number, which is a 17-digit number that precisely identifies a piece of property and its location,
PINE ISLAND
Nov. 30: GARY MASCHMIDT, single family residential, 16310 Boyce Drive, $256,000, Dec. 27: BRIAN T and SHELLEYA SHIPLEY, single family residential, 2868 Velma St., $240,000, 23-44-22-02-00000.3780.
Dec. 28: VICKI CALLAHAN, mobile home, 3074 Bounty Lane, $125,000, 35-45-22-23-00003.3370.
Dec. 28: DANIEL FOOTE, single family residential, 3835 San Carlos Drive, $515,000, 02-46-22-11-0000F.0320.
Jan. 8: ZACHARY BEEMER, single family residential, 7240 Orange Ave., $94,000, 07-44-22-03-00000.2070.
Jan. 10: DON GUTHRIE, single family residential, 5935 Trout Road, $90,000, 16-44-22-02-00000.1690.
Jan. 11: WILLIAM and ELIZABETH KOSCHER, single family residential, 11334 Royal Tee Circle, $315,000, 20-44-23-01-0000A.0220.
Jan. 11: DEAN and DIANNA PELSY, single family residential, 11969 Princess Grace Court, $359,000, 20-44-23-01-0000A.2020.
Jan. 11: ROYAL DEVELOPERS LLC, vacant residential, 11699 Royal Tee Circle, $53,500, 29-44-23-07-00000.0310.
Jan. 7: WILLIAM and ANNETTE GARLAND, single family residential, 10711 Holly Road, $80,000, 28-44-22-03-0000E.0050.
Jan. 11: WAYNE and ISABEL FRANCIS, single family residential, 6439 Fuller Drive, $125,900, 32-43-22-02-0000A.0030.
Jan. 14: TERRY HOOD, single family residential, 3664 Bayview Ave., $330,000, 02-46-22-11-0000A.0060.
Jan. 15: SERGIO and JOAN MAINI, single family residential, 5621 Manton Court, $360,000, 21-44-22-10-00000.1150.
Jan. 16: JEFFREY BUCHER, vacant residential, 11687 Royal Tee Circle, $57,000, 29-44-23-07-00000.0340.
Jan. 21: THOMAS YAGER, mobile home, 2931 Binnacle Lane, $112,000, 02-46-22-23-00002.2180.
Jan. 23: TIMOTHY FOSSUM, single family residential, 2698 Clyde St., $230,000, 24-44-22-10-00000.2240.
Jan. 23: ELIZABETH KERR, vacant residential, 11781 Pompano Ave., $35,200, 19-44-23-01-0000D.0060.
Jan. 24: VICTOR and SUSAN CORTNER, single family residential, 11684 Lady Anne Circle, $358,000, 29-44-23-01-0000B.0870.
Jan. 25: JENNIFER FORD, single family residential, 5919 Tarpon Road, $144,000, 16-44-22-01-00000.0520.
Jan. 29: FRANK and SUSANA MOORE, mobile home, 4925 Porky Lane, $95,000, 10-45-22-03-00000.0800.
SANIBEL
Jan. 24: WILLIAM and WANDA GOODMAN, single family residential, 1536 Bunting Lane, $425,000, 24-46-22-T3-0010B.0060.
Jan. 25: RENEE KELLEY, condo, 1250 Tennisplace Court No. A34, $238,900, 20-46-23-T1-0030A.0340.
Jan. 29: DAN and SHIRLEY PAGE, condo, 1250 Tennisplace Court No. C35, $232,500, 20-46-23-T1-0050C.0350.
Jan. 31: ERIC MESSERSCHMIDT, single family residential, 1350 Tahiti Drive, $540,000, 19-46-22-T2-00500.0800.
Jan. 31: SANIBEL NATURE PRESERVE, vacant residential, 6006 White Heron Lane, $650,000, 11-46-21-T3-0050A.0080.
Feb. 1: DORIS MCNABB, condo, 497 E. Gulf Drive No. 3, $800,000, 20-46-23-T3-03200.0030.
Feb. 4: BRUCE JESSEN, single family residential, 750 Nerita St., $420,000, 30-46-23-T2-00016.0310.
Feb. 4: MARK MATHUSA, one-story office, 1640 Periwinkle Way No. 3, $180,000, 25-46-22-T2-00900.0030.
Dec. 17: DAVID VANDYKE, single family residential, 199 Daniel Drive, $337,500, 35-46-22-T1-00002.0030.
Dec. 21: C&N II, restaurants, 2761 W. Gulf Drive, $1,594,000, 35-46-22-T1-00003.0010.
Dec. 21: ARCHIBALD SMITH, condo, 845 E. Gulf Drive No. 1121, $899,000, 29-46-23-T1-00400.1121.
Dec. 26: KENNETH and KAREN KING, single family residential, 1001 Lindgren Blvd., $600,000, 20-46-23-T4-03902.0630.
Dec. 27: KOR ISLAND PROVISIONS, single family residential, 778 Cardium St., $390,000, 30-46-23-T2-00305.0040.
Dec. 27: JASON and BARBARA MAUGHAN, single family residential, 2458 Blind Pass Court, $600,000, 11-46-21-T1-0030A.0090.
Dec. 27: RAISBECK PARTNERSHIP, single family residential, 1314 Isabel Drive, $1.8 million, 18-46-23-T3-00300.0390.
Dec. 27: RAISBECK PARTNERSHIP, boat slip, $1.8 million, 18-46-23-T3-0030E.0000.
Dec. 27: RAISBECK PARTNERSHIP, boat slip, $1.8 million, 18-46-23-T3-0030Q.0000.
Dec. 28: ANCHOR DRIVE, single family residential, 656 Anchor Drive, $550,000, 20-46-23-T4-00002.0250.
Dec. 31: JOHN BARRUS, condo, 1919 Olde Middle Gulfe Drive No. 106, $635,000, 36-46-22-T2-00700.1060.
Dec. 31: MICHAE and SUSAN FEREDAY, condo, 845 E. Gulf Drive No. 341, $380,000, 29-46-23-T1-00400.0341.
Dec. 31; HEARTHSTONE PROPERTIES, vacant residential, 659 Anchor Drive, $375,000, 20-46-23-T4-00002.001E.
Dec. 31: MARK and KELLY HUGUENIN, single family residential, 1978 Roseate Lane, $435,000, 25-46-22-T1-00200.0100.
Dec. 31: GEOFFREY NUCKOLLS, condo, 409 E. Gulf Drive No. 9, $110,000, 20-46-23-T3-02300.0090.
Jan. 3: MICHAEL and KAYE TRESP, condo, 1299 Middle Gulf Drive No. 213, $510,000, 30-46-23-T3-0260B.2130.
Jan. 4: NERITA LLC, condo, 623 Nerita St. No. D, $362,000, 30-46-23-T2-01500.623D.
Jan. 7: DOUGLAS COWAN, single family residential, 4689 Rue Belle Mer, $1,975,000, 19-46-22-T2-0060A.0070.
Jan. 9: GEORGE and MARGARET MCGANN, condo, 1440 Middle Gulf Drive No. 1F, $325,000, 30-46-23-T4-02401.00F0.
Jan. 14: RONALD LIEBERMAN, condo, 641 Periwinkle Way No. A8, $275,000, 20-46-23-T3-0250A.0080.
Jan. 15: STEVEN and ERICA JONES, condo, 1299 Middle Gulf Drive No. 141, $847,500, 30-46-23-T3-0260A.1410.
Dec. 13: YUAN and MARY LIAN, condo, 805 E. Gulf Drive No. A5, $367,000, 29-46-23-T1-0030A.0050.
Dec. 14: JON and TERESE GUSTAFSON, single family residential, 1000 N. Greenwood Court, $322,000, 20-46-23-T1-01309.0180.
