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Saturday, March 17, 2012
Meet the 14-Year-Old Homeowner: A Florida teen has capitalized on...
Tuesday, January 24, 2012
Celebrity Real Estate: O.J. Simpson's Foreclosed Florida Manse Set for Repossession
Currently serving time in Nevada for kidnapping and armed robbery convictions that stemmed from a memorable memorabilia incident, the widely-reviled former running back O.J. Simpson hasn't been able to keep up with the mortgage payments on his Miami-area home. Even if he doesn't lose this property to the bank, Simpson—who moved to Florida from Los Angeles in 2000 and purchased the four-bed, four-bath house for $575K—may never see the inside of this place again. He's 64 years old and currently serving what could amount to a 33-year sentence. Though they say Florida is a terrific place to live out your twilight years.
· Jailed O.J. Simpson’s Miami House in Foreclosure [Zillow Blog]
Saturday, October 8, 2011
Genius Pads: The Doogie Howser of Industry Builds Massive Florida Manse
Photo: David Albers/Naples News
When Blake Whitesell, founder and CEO of the Whitesell Corporation died tragically of cancer, his 21-year-old son Neil took over the reigns of the private manufacturing company. Over the next 25 years, the young upstart has grown the business from humble beginnings to a profitable conglomerate, at least profitable enough to build the largest home in Collier County, Fla. The Naples megamanse, currently close to completion, measures 32,000 square feet on 1.56 acres and will include six bedrooms and ten total bathrooms.
· The BIG house: 32,000-square-foot home about to become Naples area's biggest [Naples News via Homes of the Rich]
Wednesday, August 17, 2011
Paradise Still Has A Price In Florida
The Palm Beach Post reports from Florida. “The stock market’s harrowing free fall Thursday made stomachs lurch harder than the twists and turns of Walt Disney World’s Space Mountain. But it’s how the 513-point Dow Jones dive impacts visitors to the Magic Kingdom, as well as baby boomers’ retirement accounts, senior citizens’ investments and foreigners’ homebuying ability, that Florida should be watching. Mark Vitner, a senior economist at Wells Fargo noted that South Florida could be hit particularly hard by a plummeting market because of its many retirees and their investments.’
“‘Clearly, you’ve got some people feeling a little less wealthy than they did a few weeks ago,’ he said. ‘We’re not just talking about investment banks going belly up; we’re talking about countries going belly up.’”
“Economic turmoil in those countries could negatively affect Florida tourism, but also homebuying. About 22 percent of all foreign homebuyers nationally chose properties in Florida last year, according to a survey by the National Association of Realtors. ‘What will help us is we don’t have a big speculative bubble in housing,’ said William Stronge, a senior fellow at the Economic Development Research Institute in West Palm Beach. ‘We’ve already gone through all that and we’re not going to have that again.’”
The Associated Press. “As Americans worry about the economy and debt ceiling, international investors still perceive the U.S. as ‘the most reliable country in the world,’ said Andrew Hellinger, chief executive of Coral Gables-based Hellinger & Penabad. ‘We are a country where you can place your money for investment and know it’s safe.’”
“Stephan Gietl of Austria and his partner Fernando Levy-Hara, of Argentina, have purchased 307 South Florida condo units for $40 million, since 2009. The duo has sold most of the units, mainly to international investors. Levy-Hara says the units yield between 5 and 6 percent profit per year after maintenance fees and property taxes. ‘With the potential appreciation, if you’re buying at half the price of the bubble, you have the potential to go up 60 to 70 percent in the next five years,’ he said.”
From WINK News. “H.G.T.V.’s House Hunters is about to give the nation a real look at Southwest Florida’s housing market and Cape Coral RE/MAX realtor Victoria Yereance hopes it sets the record straight. ‘My decision to participate was not to get the message out about how unrealistic some of these buyers are but really to say, here’s what’s really going on that you aren’t seeing or reading elsewhere,’ Yereance said.”
“‘Don’t get me wrong, there are still really good deals to be had here,’ Yereance said. ‘Two years ago we were deeply discounted. This year? We’re just ‘discounted’ and the property values are going to go up.’”
“Experts say just remember: paradise still has a price.”
The Miami Herald. “Ex-teen heartthrob David Cassidy and the Miami Lakes bankers are entangled in a tug-of-war over a $1.35 million-condo that Cassidy bought in Fort Lauderdale in 2005. BankUnited drew first blood by filing a foreclosure action against Cassidy when he stopped making payment on its $900,000-exotic mortgage. ‘It’s a strategic default,’ says Cassidy’s lawyer, Jeff Harrington.”
“And Cassidy’s fighting back. He’s counter-suing for fraud. Bank officials declined comment. In their court action, they claim Cassidy now owes $916,488.62. Cassidy listed the 34th floor condo at the Las Olas River House for $1.1 million.”
The Orlando Sentinel. “Orlando continues to struggle with a bigger share of underwater homes than any other metro area in foreclosure-scarred Florida. Retiree Dorothy Nypiuk has not missed any of the $2,400 monthly payments on the $287,000 house she and her husband bought in theConway area more than a decade ago. They are struggling to pay the mortgage along with their medical bills, but at this point they aren’t ready to walk away from the house, even though it is now worth only about $200,000.”
“‘My husband doesn’t want to do that,’ she said earlier this week. ‘He has a hobby: He works in the garage on radio-controlled airplanes. If we let the house go, what would he do? Where would he go? It would be just like putting him in a coffin someplace.’”
“Maitland real-estate agent Dan Duff said Central Floridians’ attitudes about losing their homes have changed a lot since the market began its slide four years ago. ‘First there was the shame factor, and then came the mad factor, when they tried to destroy their houses to get back at the banks,’ Duff said. ‘In the last 18 months to 2.5 years, it’s been about strategic foreclosures. … Just about everybody knows the banks aren’t going to come after them. There’s too many people out there, and the banks haven’t come after them all yet.’”
The Sun Sentinel. “Board-certified real estate attorney Gary M. Singer answers housing questions. Q: I own an investment property that I have stopped paying on… Recently, the lender filed a lawsuit against me to collect on the note, but it is not trying to take the property back in foreclosure. I have money in the bank and other assets. I called the lender, and it doesn’t really want the property back. I am afraid that the bank will come after my other assets. Can it? – Anonymous.”
“A: Yes. This is getting to be a much more common trend. First mortgage lenders are starting to decide that they really do not want the responsibility of owning the property, especially if it has a low value or is in disrepair. Second mortgage lenders realize that even if they foreclose the property, the first mortgage lender is going to get all of the proceeds from the foreclosure sale, leaving the second mortgage holder with little more than a legal bill.”
“The lenders know that a promissory note case is much easier — and cheaper — to bring than a foreclosure action and can be finished much faster. After the lender wins the lawsuit on the promissory note, it will get a judgment that it can execute against your other property, your bank accounts and even your wages. Plus, it still has the mortgage lien against the original property, so it can go back and take that at a later date if it decides to. I have long advised my clients that this is one of the real dangers in ’strategic defaults’ and it looks like the lenders are starting to catch on, at least a little.”
“Further, it is too late to try to transfer the assets as most states have a two-year, look-back period for fraudulent transfers made for the purpose of hiding assets to creditors. The best thing that you can do now is to fight your lender in court and try to come to some sort of settlement.”
“A prime swath of vacant land in Jupiter was sold last month to homebuilder Otto “Buz” DiVosta. The parcel, which contains nearly 300 acres and is the last large piece of undeveloped land in the town, is known as Parcel 19 and was owned by WCI Communities Inc. Sources familiar with the deal say DiVosta paid a rock-bottom price of only $6 million for the land.”
“In 2005, WCI sold off about 500 acres on the south side of Indiantown Road to Toll Brothers for a different number: $100 million. Toll Brothers developed the Jupiter Country Club there.”
“Once a local powerhouse, Dan Catalfumo’s construction empire is fading rapidly. Banks are breathing down Catalfumo’s neck, a consequence of the real estate recession: His holdings have been slammed in the past two years by lender suits seeking $100 million-plus, several of them naming the highflying multimillionaire builder personally.”
“A come-from-behind deal is believed to have netted Catalfumo $25 million: last year’s bulk sale of unsold luxury condos in Riviera Beach, twin resort towers developed and built by Catalfumo. Given the upscale condos’ sluggish sales, that would seem to be a real estate coup. But he might have received much more early on. That’s because pre-construction, during the real estate boom, developers were interested in buying the property as soon as a resort condominium was permitted. By some estimates, that would have put $50 million or more into Catalfumo’s pocket.”
“Catalfumo went his own way, though, sources said, determined to develop the building himself and sell condos in what was a white-hot condo market. He poured tens of millions of his own money into the luxury development, the sources said. By 2007, when the market stalled, lawsuits to recoup deposits as prospective buyers tried to walk away from their purchases and new buyers failed to materialize. It was a $100 million blow.”
“‘The 160-plus buyers turned into over 100 defaulting buyer lawsuits instead of closings for in excess of $100 million,’ Catalfumo told The Post.”
“Few are counting Catalfumo out. ‘I don’t think anybody really cares ‘ about the cluster of lender lawsuits, said Neil Merin, chairman of the West Palm Beach commercial real estate investment firm Merin Hunter Codman Inc. ‘We just know this is how Dan does business. When times are good, he’s here ; when times are bad, he’s gone.’”
The News Press. “When Krista Davis drives around town, through road-widening projects and around new housing developments, she can almost imagine she is back in Southwest Florida in boom times. Then, the parched air blowing through the 40-story downtown skyline — and the mere fact she is driving to work — reminds her she is in Fort Worth, Texas. ‘There is just so much work going on here and so much happening all of the time, it almost reminds me of Southwest Florida a few years ago,’ said Davis.”
“Davis and her fiance, Cape Coral native Matt McFalls, moved to Texas last year after both lost their jobs here and lost their home to foreclosure. ‘We stuck around for about six months to try to find work, but there just wasn’t anything,’ Davis said. ‘We couldn’t wait any longer.’”
“‘Texas is creating a lot of jobs right now, no question,’ said Gary Jackson, director of the Regional Economic Research Institute at FGCU. ‘It is little concerning because a lot of those jobs are high-skill jobs. We would certainly like to keep those high-skilled people here. But, if we are not employing those people, can we really consider it a loss?’”
“Agents sold 107 homes on Sanibel from January to mid-June - including nine between $2 million and $5 million - compared to 88 homes sold during the first half of 2010. During the past four months, inventory was down on Sanibel by 17 percent. Agents say it’s a result of buyers adapting to new market values, and coming to terms with what their homes are worth.”
“After too many months on the market, some sellers are lowering their asking prices on Fort Myers Beach as well, said Isabelle Wells, of Coldwell Banker Residential Real Estate on Estero Boulevard. ‘People, after two or three years, are getting a little bit more realistic and they drop the price,’ she said.”
“People from out of state - who make up the bulk of island buyers - sometimes have perceptions that prices are still at unprecedented lows. ‘Even if you drop to a great price, they’re still going to argue with you that it’s too much,’ Wells said.”
“The average listing price on Fort Myers Beach was $480,154 as of the end of July, according to Trulia. Median sales price was $300,000.”
“Greg McBride is the senior financial analyst for Bankrate Inc., a financial-research firm in North Palm Beach. While some in the the housing industry complain that lenders have overcorrected for the financial wrongs of the housing bubble five and six years ago, McBride says the new sobriety in lending is just a return to pre-bubble normalcy.”
“Q: Higher down payments are not a new concept — they used to be routine, didn’t they?”
“A: Loan-approval standards are not appreciatively different than they were 15 or 20 years ago. And 15 or 20 years ago, you didn’t hear people screaming that nobody can get a loan. You didn’t hear anyone screaming, ‘Who are we going to sell all these houses to if nobody can get a loan?’”
Sunday, May 29, 2011
A Mess, A Battle, A War Zone In Florida
The St Petersburg Times reports from Florida. “Josephine Cartagena stepped out of Jefferson High School on Saturday morning with tears in her eyes. Her home is facing foreclosure. But that wasn’t the reason for her tears. These were happy ones. On this morning, she had found hope. Cartagena is one of more than 100 people who attended a foreclosure prevention assistance workshop hosted by U.S. Rep. Kathy Castor. The Chase representative she talked with on Saturday helped her set up a meeting with a person in Tampa to talk further about modifying her loan. ‘It’s like a beacon of light for me to be able to keep my house,’ Cartagena said.”
“But not everyone left happy. ‘There’s nothing being done here,’ said Ronald Roppolo of Brandon. ‘You keep submitting the same paperwork and nobody knows what the other people are doing.’”
“Chris Thayer of Tampa felt the same way. Thayer said he was approved for the Making Home Affordable Program last year but his lender, Bank of America, has since retracted the offer. He came Saturday to find out why, but wasn’t able to get an answer. ‘I just wanted to get assistance,’ Thayer said.”
The Bradenton Herald. “One Realtor calls it ‘the quiet before the storm.’ The ’storm’ is the flurry of foreclosed homes expected to saturate the market soon with word today that foreclosure filings in Manatee County increased 75 percent from March to April. ‘If those foreclosed homes are all stockpiled, at some point they’re going to all be on the market, and that’s going to further decrease the price of homes,’ says May Aston, a Realtor with ReMax Alliance Group who has been working with foreclosure sales since 1991. ‘And that’s not what we want. We want to stabilize, and you can’t stabilize if you keep getting clumped on the market.’”
“‘They’re just not on the market yet,’ says Nikki Smith, a Realtor with Coldwell Banker. ‘Right now, it’s almost like we don’t have any inventory.’ The lack of homes for sale is creating a seller’s market, Aston says, when the high rate of foreclosures should be creating a buyer’s market. ‘When we do get a property on the market, there’s five or six offers out there at a time. Then there’s a bidding war, which drives the price up.’”
“Smith says she suspects that the increased involvement of attorneys may be keeping even foreclosed properties from going on the market. ‘People have become very savvy. They’ve found all kinds of ways to make sure they stay in their house. Attorneys are involved. It’s a mess, a battle, a war zone.’”
The News Press. “The existing-home median price in Lee County surged to a two-year high of $118,900 - up 17 percent from $101,900 in March, according to statistics released by Florida Realtors. But real estate authorities said the sharp increase likely was caused mostly by the changing market for bank-owned foreclosure homes, not an actual 17 percent increase in value.”
“In Lee County, ‘the real reason it’s going up so much is that the low end, the foreclosure market, that spigot has been cut off. The low end is not coming on the market and buyers have to substitute higher-priced properties,’ said Denny Grimes, president of Denny Grimes & Co. at Royal Shell in Fort Myers.”
“A new experiment to help prevent foreclosures from further clogging the courts is coming to Southwest Florida in about two weeks. The program allows homeowners who have Fannie Mae-backed mortgage loans to go to mediation with their lender before a foreclosure lawsuit is filed, rather than after.”
“‘Before foreclosure, a lot of things are possible,’ said Roderick N. Petrey, Collins Center president. After foreclosure, ‘banks don’t want to make a deal,’ he said.
“But the problem is that even though the court mediation is mandatory, many homeowners simply don’t show up. ‘A lot of them are scared,’ Petrey said.”
“Currently it takes about 600 days in Florida for a foreclosure lawsuit to be processed. In the meantime, the houses are in inventory limbo until they are sold at fire-sale prices and further depress the real estate market, Petrey said. He is on the board of the BAC Florida Bank in Miami, which realizes about 40 cents on the dollar when a foreclosed property is sold, he said. And it appears the bottom of the real estate market has not been reached yet, Petrey said.”
“Within the next year, Hillsborough and Hernando counties expect to join Pasco, Pinellas and 20 other Florida counties in shifting foreclosure sales online. The foreclosure-heavy state was the first in the nation to allow online sales, when the Legislature approved the practice in October 2008.”
“Online, potential bidders are warned multiple times to check whether a property has multiple liens. An Orlando accountant submitted a $20,000 deposit for a home on which there was a mortgage for $220,000. After the bidding ended, he discovered a homeowners association had foreclosed for delinquent fees, the Orlando Sentinel reported in February. John Dey lost his deposit.”
“‘I said, ‘Oh, my God,’ he told the newspaper. ‘I just all of sudden lost $20,000. I’m sick to my stomach.’ He added: ‘At least it’s not $200,000.’”
The Tampa Tribune. “Florida’s turbulent housing market has had an unintended consequence: Thousands of homeowners don’t pay a dollar in property tax. Blame higher homestead exemptions and falling home prices that essentially removed houses from the tax rolls. Consider this condo conversion at the Towers at Carrollwood Village. One condo unit sold for $90,000 in 2005 and is now valued at $19,657. The homestead exemption is $17,250, bringing the taxable value to zero.”
“The Villas Condominiums has 282 units, said Chris Weiss of the Hillsborough County property appraiser’s office, and was also saturated with investor-owners. Both complexes have been hit hard by foreclosures, he said. A condo at the New Tampa development sold for $106,900 in 2005 and is now worth just $16,230. The homestead exemption brings the taxable value to nothing.”
“Private property appraiser David Teacher said he understands people wanting their neighbors to pay their fair share but, he said, there is an upside. Falling home prices and no — or low — property tax is a big incentive for investors to buy. Teacher said he has seen homes in East Tampa selling for as low as $7,000. Sure, he said, they need work, but most still could be good deals.”
“‘What better investment,’ he said. ‘Look at the return on your money. Some homes are selling for less than the cost of a car.’”
The Herald Tribune. “Sarasota County’s tax base took a hit for the fourth year in a row, dropping $2.7 billion — a bigger decline than state economists had projected. North Port continues to be the hardest hit among the county’s four cities, according to Sarasota County Property Appraiser Bill Furst, who put that city’s decline at 8.8 percent. North Port’s tax base has now dropped 59 percent since 2007.”
“The property appraiser’s estimate puts the four-year decline in Sarasota County’s tax base at $22.9 billion. That is a measurement in the change of the taxable value of property after exemptions, such as the homestead exemption and the Save Our Homes adjustment. Market values have dropped even more steeply. From 2007 to 2010, the market value of property dropped $30 billion, from $85 billion to $55 billion.”
“Claiming the real estate world has changed, Benderson Development wants to shed its promise that the University Town Center mall project would include 437 affordable homes. ‘2011 literally is a different planet,’ said Benderson project manager Paul Blackketter.”
“Referring to the sharp drop in home prices over the past four years, University of Central Florida economist Sean Snaith termed affordable housing ‘the housing formerly known as luxury housing.’ ‘I’m sure at the time … affordable housing was a real issue,’ he said. But now? ‘It seems kind of senseless.’”
The Sun Sentinel. “Miami developer Jorge Perez is taking reservations for a proposed oceanfront condominium in Hollywood – and he’s asking buyers to put down 70 percent of the purchase price before closing. During the housing boom, most condo buyers put down only 20 percent. Many were investors who turned big profits by flipping the units before they were even completed. Ultimately, not enough long-term owners bought condos. Values plummeted, creating a glut of properties for sale that left the condo market – and Perez – reeling.”
“The luxury condo will feature 49 units with two, three, four and five bedrooms, and the average sales price is $350 to $450 a square foot. Unit prices are expected to range from about $600,000 to $2 million.”
“‘I don’t think there’s enough people willing to belly up to the bar,’ said Longtime Miami housing consultant Lewis Goodkin. Goodkin said he’s surprised Perez is eager to jump back into the beleaguered condo sector. Perez is counting on demand from international buyers who have helped stabilize the overbuilt Miami market in the past two years, Goodkin said.”
“‘That’s the only justification I could see,’ he said. ‘If he was building this for the domestic market, I would absolutely not touch it.’”
“Apogee Beach will be about a mile south of Trump Hollywood, the luxury condo Perez built as part of a licensing agreement with Donald Trump. That was one of a handful of projects Perez handed back to lenders amid the housing downturn.”
From Flagler Live. “In Palm Coast and Flagler County, property values are still falling at double-digit rates. Home prices are also still falling. Short sales aside, homes are not selling. Foreclosures are burdening the housing supply. The county’s population has stalled or fallen in the past couple of years. Not only is there no indication that the housing market is returning. There is no indication that either city or county need new development.”
“Yet the city and the county have on paper close to 40,000 new homes approved between them, and 9 million square feet of new commercial and retail space. Those homes would more than double the population of the county–assuming there was demand for them, and assuming that, between the lingering crash in housing and values, that demand could somehow override the depressing effect a glut of home would have on local housing prices regardless of broader economic conditions.”
The Orlando Sentinel. “Twenty-five years of growth management, down the toilet. And all because legislators kept repeating the Big Lie. In the waning hours of the session, the Florida Legislature planted a sloppy smooch on the lips of the developers: It virtually eliminated state control of growth and turned the tables on any homeowner who tries to challenge a cookie-cutter subdivision planned for next door.”
“The accepted mantra was that excessive regulation had halted economic growth — code for ‘out-of-control homebuilding’ — in Florida. Really? On which planet? Look around. Exactly where has growth been hampered by all these dreadful regulations? How about in Orange County? Is there a single suitable swath of prime development land even left that isn’t besmirched by squat little houses?”
“The state Department of Community Affairs, before it was skinned alive, took a snapshot of developments either approved or pending since 2007, when the economy melted. The result? Some 630,965 new homes had been approved or requested for 410,126 acres. In Lake County alone, for example, the School Board estimated about 100,000 parcels have development approvals, which could more than double the population of Lake if houses went up on them all.”
“So, build! What’s stopping construction? Nothing.”
“What legislators failed even to mention is that during the boom years developers pushed to build what they wanted, when they wanted and where they wanted it. Weak — sometimes corrupt — elected officials helped them. The result was overbuilding of biblical proportion, which in turn created an extra heaping helping of special pain for Central Florida that other areas of the country sidestepped when the downturn hit.”
“Developers not only have failed to shoulder their share of responsibility for the economic disaster and the resulting vortex of foreclosures, but in the fantasy universe of the Florida Legislature, they’ve become the victims.”
Sunday, May 15, 2011
[Douglas Elliman Florida] 1Q 2011 Miami Market “Preview” Available For Download
[click to open report]
The inaugural Douglas Elliman Florida Report: Miami 1Q 2011 was published today. It’s been a journey to say the least and there is a lot more to come. This a preview of the coming quarterly analysis of the condo, townhouse and single family sales markets covering the coastal communities of Miami.
It’s the first detailed market analysis of its kind on the Miami market and the series content will be expanded in coming quarters with break outs for new development, distressed, non-distressed and locations.
We’ll be updating our chart gallery and custom data tables shortly.
UPDATE: Custom data tables are now live.
Here’s an excerpt from the report:
…There were 5,101 condo, townhouse and single family sales in the first quarter, 29.5% more than the same period last year. Sales activity remained above any prior quarter in the past 5 years. The increase in activity is due to a consistent absorption of distressed sales. The number of short sales expanded 10% over the past year and comprised 20.5% of all sales. REO sales nearly doubled over the same period representing 44.2% of the first quarter market…
Friday, May 6, 2011
Pinellas County Florida USGS Topographic Maps on CD
Price: $19.99
Wednesday, May 4, 2011
Orange County Florida USGS Topographic Maps on CD
Price: $19.99
Tuesday, April 26, 2011
Thank Florida!: …even with the budget cut, California...
…even with the budget cut, California is still in a good place to move construction along- you can thank Florida. our sister ship Curbed LA is closely following the high-speed rail drama as 1. they're closer to Bakersfield and 2. they're transit geeks down there. Today's transit post links to a New York Times article discussing gazillions cut from the budget and how we're getting the previously-allocated cash that Florida turned down. We'll be paying more attention when things heat up with the Palo Alto folks threatening to throw themselves across the right-of-way as the route gets closer. [Curbed LA]
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Tuesday, April 12, 2011
Florida State Seminole Four 4 Absorbent Coaster Gift Set With Wooden Holder
Price: $20.95
Monday, April 11, 2011
USGS Topographic Quadrangle Map - Niceville SE, Florida (Folded/Waterproof)
USE THE IMAGES ON THIS PAGE TO DETERMINE IF THIS IS THE MAP YOU NEED. We have provided three images to help you. The primary image is actual map imagery from the center portion of this map. The second image shows the entire area this map covers. The third image shows the searchable names and product codes for adjacent maps.
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Wednesday, March 23, 2011
Contested Florida Land to be Dino Museum?: In the '80s, Windley Key Fossil...
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Sunday, March 20, 2011
Martin County Florida USGS Topographic Maps on CD
Price: $19.99
Friday, February 18, 2011
Hulk Hogan's Double-Whammy Florida Listings: Wrestler turned reality TV star Hulk...
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Monday, January 31, 2011
Payton Scheduled as Program Leader Moderator for Florida 2011 ...
Payton Scheduled as Program Leader, Moderator For Florida 2011 Distressed Real Estate Summit
By Lisa M. Tipton, APR - PR Florida, Inc. Dated: Jan 10, 2011
Business litigation expert Harry A. Payton of Payton & Associates LLC in Miami will serve as a workshop leader and panelist at Florida’s 2011 Distressed Real Estate Summit on Jan. 27, 2011. Miami – Business litigation expert Harry A. Payton of Payton & Associates LLC in Miami will join a distinguished group of speakers as a workshop leader and panelist at Florida’s 2011 Distressed Real Estate Summit, part of the United States’ top conference series focused on developing and capitalizing on opportunities in distressed real estate assets. Payton is one of only 97 Florida attorneys who is board certified by The Florida Bar in both business litigation and civil trial. The January 27, 2011, Florida summit will be held in Miami and is part of a nationwide series hosted by GreenPearl Events in New York, Texas, Florida, California and the Midwest. Payton is scheduled as a workshop leader for “When Workouts Don’t Work Out – Litigation, Receivers, Lender Liability and More,” and will moderate or serve as a panelist for the "Workouts & Recapitalization" panel. According to GreenPearl Events, the Distressed Real Estate Summit addresses all aspects of challenges and risks in distressed real estate markets, as well as successful strategies for handling distressed property and notes. The summit covers both residential and commercial markets and a range of deal sizes from high-net-worth to institutional-grade. More than 2,000 have attended GreenPearl Events’ Distressed Real Estate Summit series around the U.S. For more information, contact Payton & Associates at (305) 372-3500, ext. 16. ### About Payton & Associates LLC: The attorneys at Payton & Associates regularly counsel and provide litigation services to clients involved in commercial real estate projects and represent clients in all types of commercial litigation in Florida state and federal courts, mediations and arbitrations.
Category Tags Email Phone Address City/Town State/Province Zip Country Real estate, Legal, Property the florida bar, business litigation, board certified, distressed real estate, legal expert Click to email author 305-372-3500 One Biscayne Tower, 2 S. Biscayne Blvd., Ste. 1600 Miami, FL Miami Florida 33131 United States
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