FLORIDA PROPERTY INSURANCE
Another Florida property insurer has hit the skids. A judge has ordered Maitland-based Vanguard Fire & Casualty Company into liquidation, effective today. Two other insurers will offer the company’s 57,000 homeowner policyholders replacement coverage.
NEW HOME SALES
Sales of new homes in the United States fell sharply for a second consecutive month in February, dropping 3.9 percent to a seasonally adjusted annual rate of 848,000 a weaker-than-expected performance.
FLORIDA PROPERTY TAXES
Did local governments spend too much, or waste too much, during the recent boom when property taxes filled their coffers? There are no easy answers, but a look at 14 local governments in South Florida shows that it depends, in part, on your definition of necessary expenditures.
HOMEOWNERS
More than three in 10 homeowners (34 percent) do not know what type of mortgage they own, according to a new poll released by Bankrate.com. Furthermore, 28 percent of those surveyed worry about how they will afford their payments.
FLORIDA RANKS NO. 1 IN FORECLOSURES
Florida had the most homes in the foreclosure process nationwide in February, according to RealtyTrac, which reported a two-fold year-over-year gain in delinquencies more than 19,144 statewide. Foreclosure filings are also recording double-digit increases in California, Nevada and Arizona, mainly because large numbers of speculative investors cannot sell properties purchased during the recent housing boom. The lowest foreclosure rates were reported in Vermont, Maine, West Virginia and North Dakota.
If you would like more information about these news items or interested in buying or selling Naples real estate, please contact Glenn Ginsburg. Glenn can also serves the Bonita Springs real estate and Estero real estate markets.