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Dragon's Den

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adam robinson sarasota

Sarasota County Non-Distressed Sales increase 36%

adam robinson sarasota posted this 1,322 Views

South West Florida Sales Continue to Fluctuate All Sarasota County real estate sales increased by more than 11% in July 2011 compared to july 2010.  The number of non-distressed sales, homes that are not in foreclosure or short sales, increased by 36% for July 2011 over July 2010.  Suring this same time period the number of REO/bank owned sales in Sarasota County decreased by 35% as the number of short sales remained almost unchanged. In Manatee and Charlotte Counties total sales ...

Sarasota Congressman okay with Short Sale

adam robinson sarasota posted this 1,090 Views

A downtown office building reportedly owned by Sarasota Congressman Vern Buchanan is offered as a short sale. The building was the subject of a settled eviction lawsuit against a Prudential real estate franchisee.  The Sarasota Herald Tribune reported last week that the eviction suit was settled and that there is a possible "serious" buyer of the building.  The building, located at 130 N. Tamiami Trail in downtown Sarasota, is a 3 story office building.  It was bought in Feb. 2003 by ...

NAR Considering revising IDX rules

adam robinson sarasota posted this 1,326 Views

Inman News reports that "The National Association of Realtors next month will consider revising rules governing multiple listing services in order to explicitly permit brokers or agents to display Internet Data Exchange (IDX) listings on social networking sites (FaceBook) and mobile devices."   The policy change will also consider revising rules for RSS distribution of IDX listings.  This recommended change is gaining some opposition by a coalition of large brokers, The Realty Alliance, ...

Indicted Flipping Ringleader Plans to Cruise

adam robinson sarasota posted this 1 1,385 Views

Travel allowed to Carribean and Hawaii The latest in the never ending saga of the largest flipping fraud ring in  Sarasota's history.  Craig Adams, alleged ringleader turned FBI confidential informant, was given permsision to take a cruise from Purto Rico while out on bail.Adams, palns to travel from Orlando to Puerto Rico where he will take a honeymooon cruise to the Carribean.Federal Magistrate Judge Mark Pizzo approved the unopposed request from the 42-year-old Adams on Friday, the sam...

44 Flipping Fraud Indcitments Announced

adam robinson sarasota posted this 1 2,518 Views

14 indicted on 44 counts in Sarasota real estate flipping fraud investigation Sarasota, FL.  - Breaking News....  The Sarasota Herald Tribune anounced this afternoon that the U. S. Attorney for the Middle District of Florida and the Sarasota County Sherrif have indicted 14 individuals on 44 charges involing real estate flipping in the Sarasota area.   Many of these people flipped the same porperties numerous times betrween themselves and close associates.   According to the Herald Tri...

Sarasota's New College Ranks #2

adam robinson sarasota posted this 2 1,423 Views

 NBC's Today Show reproted this morning that the Priceton Review has rated Sarasota's New College as second best value in public education.  New College is the "honor" school for Florida's State University system.  With only about 800 students it has been compared to many much more expensive private universities.  At only about $16,000/year tuition this is considerded the #2 value in public schools in the country.  And the third best value in the country?  My alma mater, University of Florid...

Free Florida "Foreclosure Widget" for webmasters

adam robinson sarasota posted this 2 1,299 Views

I have had a widget developed that will display the number bank owned properties for sale in over 100 mid Florida cities. A widget is a tool, actually a bit of html code, that a webmaster adds to a page.  The site owner can choose if they want to generate leads by requiring user registration or they can simply display the data without collecting any information from the user.   Also, the site owner can can choose a "default" city.  This city is dispalyed first.  However, users may still c...

Obama Admin Announces plans to phase out Fannie Mae and Freddie Mac

adam robinson sarasota posted this 1 2,071 Views

Plan Includes Critical Measures to Help Fix the Fundamental Flaws in the Mortgage Market, Better Target Government’s Support for Affordable Housing  Feb. 11, 2011  WASHINGTON – Today, the Obama Administration delivered a report to Congress that provides a path forward for reforming America’s housing finance market.  The Administration’s plan will wind down Fannie Mae and Freddie Mac and shrink the government's current footprint in housing finance on a responsible timeline.  The plan also ...

"FAUXCLOSURES" .... the Newest Scam??

adam robinson sarasota posted this 2 1,191 Views

Todays local newspaper, the Sarasota Herald ran a story on something that I found interesting.   It is when properties that were once bank owned are advertised as foreclosures - something they called "fauxclosures".  Properties being advertised as being a bank foreclosure when in fact they are actually being re-sold by an investor who had previously bought them from the bank.  Or another version (aka flopping) is when an investor gets a short sale contract approved and then re-sells the ...

Daily Show Focuses on Foreclosures and Stategic Default

adam robinson sarasota posted this 1 2,010 Views

The Daily Show, hosted by Jon Stewart, devoted about half the show last night, Oct. 7 2010,  to the "Foreclsoure Economy" and "Stategic Default".   At about 3 minutes into the show the topic of the Foreclosures is brought up.  Mr. Stewart goes on for seven minutes explaining how the foreclosure crisis started. (The banks made a bunch of @#!$ mortgages, then sold them back and forth until the government bailed them out.)  At ten minutes into the show the topic changes to strategic defa...