37856 POOLE ROAD Hilliard, FL 32046 Hot Off The MLS!

37856 POOLE ROAD Hilliard, FL 32046 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com

32745 SUNNY PARKE DRIVE Fernandina Beach, FL 32034 Hot Off The MLS!

32745 SUNNY PARKE DRIVE Fernandina Beach, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com

41 OAK GROVE PLACE Fernandina Beach/Amelia Island, FL 32034 Hot Off The MLS!

41 OAK GROVE PLACE Fernandina Beach/Amelia Island, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com

85586 BOSTICK WOOD DRIVE Fernandina Beach, FL 32034 Hot Off The MLS!

85586 BOSTICK WOOD DRIVE Fernandina Beach, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

2815 PARK SQUARE PLACE Fernandina Beach/Amelia Island, FL 32034 Hot Off The MLS!

2815 PARK SQUARE PLACE Fernandina Beach/Amelia Island, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

95006 LANTANA COURT Fernandina Beach, FL 32034 Hot Off The MLS!

95006 LANTANA COURT Fernandina Beach, FL 32034 Hot Off The MLS!

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

41 Oak Grove Place, Fernandina Beach/Amelia Island, FL 32034 :: Prudential Chaplin Williams Realty

41 Oak Grove Place, Fernandina Beach/Amelia Island, FL 32034 :: Prudential Chaplin Williams Realty

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

Tips To Present a Stronger Mortgage Application

Tips To Present a Stronger Mortgage Application

John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com

Green Building Features - Fernandina Beach

Appraisers Embrace Green Features The nation's largest professional association of real estate appraisers has developed a form to help appraisers analyze values of energy-efficient home features. The Appraisal Institute issued the form as an optional addendum to Fannie Mae Form 1004, the appraisal industry's most widely used form for mortgage-lending purposes. Used by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA), Form 1004 is completed by appraisers to uphold safe and sound lending. Currently, the contributory value of a home's green features is rarely part of the equation. The Institute's addendum allows appraisers to identify and describe a home's green features, from solar panels to energy-saving appliances. Form 1004 devotes limited attention to energy-efficient features, so green data usually doesn't appear in the appraisal report, or it is included in a lengthy narrative that often is ignored. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net www.johnholbrook.blogspot.com

Omni Amelia island Plantation

$80 million to rejuvenate Plantation By Garrett Pelican, News-Leader Nassau County Commissioners have unanimously approved Omni's $80 million plans to revitalize the Amelia Island Plantation. The plans - including additions to the resort hotel, convention center and commercial area - drew praise from commissioners and members of the audience alike. "It's all about jobs," he said. "We're creating jobs, we're bringing in new jobs, we're keeping jobs. ... I'm excited that Omni's a very good corporate citizen and a very good corporate partner for Nassau County, and I welcome them and thank them so much for what they're doing." Omni, one of the county's largest employers, would add about 100 new jobs once the project is completed, not to mention the benefits of construction employment. Steve Rieck, executive director of the Nassau County Economic Development Board, told commissioners that he received a phone call from the governor's office notifying him that the development has been approved for a rural jobs tax credit award of $210,000, to be administered when the jobs become available. "We think that this project is going to go a long way towards what we're all trying to achieve here in terms of a better working environment and a larger economic pie for us all to enjoy," he said. "I'd like to say on the record that NCEDB fully supports and will offer whatever assistance we can in the future to making this project successful." Omni plans to make major improvements on Amelia Island Plantation's 1,350-acre site. They includes: ~~ Reconstruction and expansion of the resort's hotel, adding 155 rooms to its current 249. ~~ A new Beach Club, including new swimming pools and ancillary facilities. ~~ A new three-story parking structure. ~~ Addition of 41,000 square feet, including a new ballroom, to the existing convention center. ~~ Two new restaurants and new pedestrian walkways and traffic pattern changes to the Spa & Shops commercial area. ~~ Interior and exterior enhancements to many of the current facilities, some of them dating to the Plantation's origins 40 years ago. The county commission has authority over the project because it is a Planned Unit Development subject to local and state laws governing residential and commercial areas of substantive size and impact. The Amelia Island Plantation development began in 1972 and was expanded in 1982. Its development plan has been amended over the years, including as recently as December 2006, but this is the first major redevelopment and expansion since 1982. Omni Amelia Island LLC assumed ownership of the Amelia Island Co. about a year ago as the result of a bankruptcy proceeding, the second such in the history of the Amelia Island Plantation, originally founded on the southern end of the island by the resort developers of the Hilton Head, S.C. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net www.johnholbrook.blogspot.com

Bank of America - Amelia Island, Weekly Economic Report

National BOA Report Some pessimism crept back into the markets late last week as China's manufacturing PMI contracted for a third consecutive month. There is growing fear that a slowdown in China could affect the already fragile global economy. Also personal income was reported lower than expected. On the optimistic side, several economic reports were better than expected. New home sales for August were up 6.1% from a year earlier and the Case-Shiller Home Price Index rose in July from June in the 10 and 20 city survey, and was the fourth monthly gain in a row. There was also some positive news from overseas. European leaders are designing a Special Purpose Vehicle (SPV) that would issue bonds and purchase European debt to try to contain the malaise in that region. Plus, Germany voted in support of the expansion of the European Financial Stability Facility (EFSF), which will be used to help European Union member countries access capital. This is optimistic news, as it shows Germany is taking steps to help debt laden countries avoid default and potentially threaten the European Union. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net www.johnholbrook.blogspot.com

Short Sales - Amelia Island & Fernandina Beach, National Report

The Office of the Comptroller of the Currency released their Second Quarter 2011 Mortgage Metrics Report last week. In the report, they covered the success the banking industry is having in each of several categories regarding the current housing crisis. Here is what they found: Loan modifications – These are “actions that contractually change the terms of mortgages with respect to interest rates, maturity, principal, or other terms of the loan.” Down 18.1% from the first quarter and down 19.5% from last year. Completed foreclosures – Where “ownership of properties transferred to servicers or investors. The ultimate result is the loss of borrowers’ homes because of nonpayment.” Up 1.2% from the first quarter but down 30.7% from last year. Newly initiated foreclosures – “Mortgages for which the servicers initiate formal foreclosure proceedings during the month. Many newly initiated foreclosures do not result in the loss of borrowers’ homes because servicers simultaneously pursue other loss mitigation actions, and borrowers may act to return their mortgages to current and performing status.” Down 8% from the first quarter and down 1.7% from last year. Short sales – “Sales of the mortgaged properties at prices that net less than the total amount due on the mortgages. Servicers and borrowers negotiate repayment programs, forbearance, or forgiveness for any remaining deficiency on the debt. Short sales typically have a less adverse impact than foreclosures on borrowers’ credit records.” Up 12.6% from the first quarter and up 1.7% from last year. Bottom Line The only category which is up month-over-month and year-over-year is short sales. And the rate of increase in short sales is accelerating. Tomorrow, we will blog on the advantage of the short sale process to the homeowner. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net www.johnholbrook.blogspot.com www.jholbrook.ameliaislandrealestatelistings.com