Real Estate

Bank of America Hosts Home Loan Workshop

JACKSONVILLE, Fla. -- More than 5,000 homeowners on the First Coast, behind more than 60 days on their loans, have been invited by Bank of America to explore options at a free mortgage outreach.

Bank of America says 400 homeowners registered to take part in the workshop being held at the Omni Hotel Downtown. 

"Our average loan workshop success rate is 30%," said Bank of American spokesperson Jessica Garcia.

Garcia says the rate would be higher for loan modifications except in many cases homeowners are missing some needed documentation.

William from Jacksonville Beach attended the workshop and said that was the case with him.

"That was kind of frustrating because I could have printed it out," said William who preferred we not use his last name.

Bank of America offers loan modification deals that involve lowering the interest rate and extending the length of the mortgage.

Brooks Rehabilitation Adds Assisted Living and Memory Care Services to its Bartram Campus Plan

Brooks Rehabilitation Adds Assisted Living and Memory Care Services to its Bartram Campus Plan

Brooks Rehabilitation is dedicated to providing various options to meet the unique needs of their patients and the community, empowering people to achieve their highest level of recovery and independence. With that goal in mind, Brooks Rehabilitation has begun infrastructure development on its Bartram campus located on I-95 and Bartram Park Boulevard in southern Duval County.   The campus will be designed as a destination for those needing rehabilitation and other services focused on the aging adult. The first phase of the project, which will break ground in early 2012, will include a three-story, 61-unit assisted living facility (ALF), an 18-unit memory care facility and a 100-bed skilled nursing facility (SNF) which will expand Brooks Rehabilitation’s continuum of care. 

Lennar Celebrates Grand Opening of Benton Lakes in Mandarin

Lennar celebrates the opening of Benton Lakes, one of southern Jacksonville’s most desired neighborhoods, with a grand opening event on Saturday, Sept. 10.  From 10 a.m. to 6 p.m., future homebuyers are invited to come see Benton Lakes and register for a chance to win $75,000 in prizes in Lennar’s “We Mean Everything” sweepstakes, including a new car, new furniture and more.  This event has all the makings of a great afternoon:  free hot dogs and a bounce house for the kids, and for adults, the chance to find their dream home at a price they’ll really like.

Condo Conversions Bring Structure Problems, Headaches for Owners

JACKSONVILLE, Fla. --  While condominium prices are on the rise in Jacksonville, many condo owners are battling over condo-conversion problems.

Numerous apartment complexes were converted into condos across Florida before the real-estate slump, and problems with some of those conversions are not hard to spot. 

PICTURES: Southside Condo Problems

At the Reserve at Pointe Meadows off Gate Parkway, there are support beams everywhere shoring up the property.

It's been three years since the apartment-turned-condo alerted residents to structural problems. In that time, dozens of residents faced new problems, including foreclosure and liens on their homes.

Many of the residents said today they are concerned but would not elaborate.

July 2011 Real Estate Sales Results; Closed Sales Dip One Percent

July 2011 Real Estate Sales Results; Closed Sales Dip One Percent

The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for July 2011. Statistics encompass both single-family residential and condo sales.

Pending sales of 1,661 in July marked an 18.3 increase from a year ago; indicative of continued consumer interest in buying a home at today’s very attractive prices. Actual closed sales of 1,353 took a one percent dip from last July’s 1,367.

June 2011 Homes Sales Figures Released; Pending Sales Increase 34 Percent

The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for June 2011. Statistics encompass both single-family residential and condo sales.

Pending Home Sales Increase Nearly 40 Percent, Actual Sales Down 10.6 Percent

Pending Home Sales Increase Nearly 40 Percent, Actual Sales Down 10.6 Percent

The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for May 2011. Statistics encompass both single-family residential and condo sales.

A 33.9 percent year-over-year increase in pending sales (those on which contracts are written but the sale has not finalized) demonstrates strong consumer interest in homeownership. There were 1,311 pending sales in May 2010 which increased to 1,756 this May. Closed sales went in the opposite direction, declining from 1,544 last May to 1,381 this May for a 10.6 percent drop.