Cape Sound Condos

Amelia Island - Florida

CAPE SOUND-AMELIA ISLAND
HIGH END PROPERTY AT DISTRESSED PRICES
Site Plan
Floor Plan A: Sea Horse: $214,900- $269,900
Floor Plan B: Starfish: $239,900- $299,900
Floor Plan C: Sand Dollar: $249,900- $329,900

Coop Listing. Call John Holbrook for information. 904-415-0171 Realtor Prudential Chaplin Williams Realty.

North End Fernandina Beach listing

Franklin Street - Bank Owned Coop listing.

Address: 1514 Franklin ST , FERNANDINA BEACH , FLORIDA ; 32034 County: Nassau
List Number 521407 Status Active
Property Type Residential Price $ 269,000
Region 40-NASSAU COUNTY Area 420-FERNANDINA BCH-DOWNTOWN-EAST
Parcel # 00 00 31 1383 0022 0000 Lot 22
Subd-Legal HIGHLAND Common FERNANDINA BEACH
Association Fee N Assoc Fee $ 0
Assoc Fee Freq N/A CDD Fee Y/N N
CDD Fee 0.00

Bedrooms 6 Full Baths 5
Half Baths 0 Bdrms Conform Y
Approx. Heated SqFt 4,134 Year Built 2002

John Holbrook 904-415-0171 Realtor

Amelia National Home for Sale

Amelia National - Coop listing

Address: 95012 SUNFLOWER CT , FERNANDINA BEACH , FLORIDA ; 32034-7000 County: Nassau
List Number 529382 Status Active
CTG/FROR/AUC CTG CTG Remarks Fi
Property Type Residential Price $ 209,900
Region 40-NASSAU COUNTY Area 472-ONEIL,NASSAVILLE,HOLLY PT
Parcel # 26 2N 28 006A 0145 0000 Subd-Legal AMELIA NATIONAL
Common AMELIA NATIONAL Association Fee Y
Assoc Fee $ 819 Assoc Fee Freq Annually
CDD Fee Y/N Y CDD Fee 1,459.53

Bedrooms 4 Full Baths 3
Half Baths 0 Bdrms Conform Y
Approx. Heated SqFt 2,666 Year Built 2005

John Holbrook Realtor 904-415-0171

New listing at North Hampton

North Hampton Home - Fernandina Beach


New construction by ICI Homes
3 BR/2BA with study and lania
Community golf, pool, tennis
Priced at $264,350

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

Bank REO - Fernandina Beach

Bank REO - Fernandina Beach (cooperating broker)

Address: 319 North 14TH ST , FERNANDINA BEACH , FLORIDA ; 32034-5121 County: Nassau
List Number 526107 Status Active
Property Type Residential Price $ 149,900
Region 40-NASSAU COUNTY Area 410-FERNANDINA BCH DOWNTOWN-WEST
Parcel # 00 00 31 1800 0245 0072 Subd-Legal Verifying Subdivision
Common VERIFYING SUBDIVISION Association Fee N
Assoc Fee $ 0 Assoc Fee Freq N/A
CDD Fee Y/N N CDD Fee 0.00

Bedrooms 4 Full Baths 3
Half Baths 0 Bdrms Conform Y
Approx. Heated SqFt 2,536 Year Built 1990
Waterfront Y/N N Navgble to Ocean Y/N N

John Holbrook 904-415-0171 Realtor

Concours D'elegance brought in $100,000 for hospice

Concours D'elegance brought in $100,000 for hospice

Classic cars and classic racing stars helped boost this year's Amelia Island Concours d'Elegance donation to Community Hospice of Northeast Florida to $100,000.

The concours' foundation presented the check to Community Hospice Thursday, based on proceeds from the mid-March classic car event at and around the Ritz-Carlton, Amelia Island which featured NASCAR legend Richard Petty, 250-plus classics and antiques and an estimated 18,000 people.

John Holbrook - Realtor 904-415-0171

Foreclosure Amelia Island

Foreclosures: One-third of Fla. sales
WASHINGTON – June 30, 2010 – According to a new report from RealtyTrac, foreclosure homes accounted for 31 percent of all residential sales in the first quarter of 2010. Additionally, the average sales price of properties sold while in some stage of foreclosure was nearly 27 percent below the average sales price of properties not in the foreclosure process.

A total of 232,959 U.S. properties in some stage of foreclosure – default, scheduled for auction or bank-owned (REO) – sold to third parties in first quarter 2010, a decrease of 14 percent from the previous quarter and down 33 percent from the peak during the first quarter of 2009, when sales of foreclosure homes accounted for 37 percent of all residential sales.

“First-time homebuyers and investors continue to buy foreclosure properties in large numbers and at substantial discounts,” says James J. Saccacio, chief executive officer of RealtyTrac. “As lenders have begun repossessing homes at record levels over the first half of 2010, it will be interesting to watch how they will manage the inventory levels of distressed properties on the market in order to prevent more dramatic price deterioration.”

The average sales prices on properties in some stage of foreclosure decreased 23 percent from 2006 to 2009, while the average discounts on foreclosure purchases steadily increased from 21 percent in 2006 to 27 percent in the first quarter of 2010. Discounts on REOs are larger than discounts on pre-foreclosures, although discounts on pre-foreclosures appear to be trending higher as short sales become more common.


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

Fernandina Beach Real Estate

Lenders use deeds-in-lieu to clear out inventory

WASHINGTON – June 30, 2010 – Thanks to new federal programs that offer cash incentives, some lenders are turning to deeds-in-lieu as the best solution for underwater borrowers willing to turn over their properties.

It’s cheaper for lenders to do deeds-in-lieu because it gives them overnight control of the property. With mortgage rates at less than 5 percent, lenders believe that they can resell a property faster and on more favorable terms than they would receive going through a short sale.

Matt Vernon, an expert in short sales and deed-in-lieu deals for Bank of America, says his company is offering cash incentives that range from $3,000 to $15,000 to persuade troubled borrowers to sign on.

Deeds-in-lieu don’t harm a borrower’s credit rating as much as a foreclosure or a bankruptcy, but because they are treated as debts that are “not paid as agreed,” they do leave a mark on credit scores.

Source: Washington Post, Ken Harney (06/26/2010)



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

Amelia Island Bank Owned Home

Address: 2221 CAPTAIN KIDD , FERNANDINA BEACH , FLORIDA ; 32034 County: Nassau
List Number 529038 Status Active
Property Type Residential Price $ 154,900
Region 40-NASSAU COUNTY Area 450-AMELIA ISLAND
Parcel # 00 00 31 1438 0010 0000 Subd-Legal LAKEWOOD
Common LAKEWOOD Association Fee Y
Assoc Fee $ 255 Assoc Fee Freq Annually
CDD Fee Y/N N CDD Fee 0.00

Bedrooms 3 Full Baths 2
Half Baths 0 Bdrms Conform Y
Approx. Heated SqFt 1,363 Year Built 1991

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

Amelia Island Bank Rates - Mortgages

WASHINGTON – June 25, 2010 – Mortgage rates fell this week to the lowest level on records dating to 1971, giving consumers added incentive to lock in low payments for home purchases and refinanced loans.

The average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week, mortgage company Freddie Mac said Thursday.

That's the lowest point since Freddie Mac began tracking rates in April 1971. The previous record of 4.71 percent was set in December. Rates for 15-year and five-year mortgages also hit lows

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

Amelia National Bank Owned Home

Address: 95012 SUNFLOWER CT , FERNANDINA BEACH , FLORIDA ; 32034-7000 County: Nassau
List Number 529382 Status Active
Property Type Residential Price $ 209,900
Region 40-NASSAU COUNTY Area 472-ONEIL,NASSAVILLE,HOLLY PT
Parcel # 26 2N 28 006A 0145 0000 Subd-Legal AMELIA NATIONAL
Common AMELIA NATIONAL Association Fee Y
Assoc Fee $ 819 Assoc Fee Freq Annually
CDD Fee Y/N Y CDD Fee 1,459.53

Bedrooms 4 Full Baths 3
Half Baths 0 Bdrms Conform Y
Approx. Heated SqFt 2,666 Year Built 2005

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

Regions Bank Fernandina Beach Update

From the desk of Alan Vanderheiden
Senior Mortgage Advisor
Regions Mortgage
1409 Sadler Road
Fernandina Beach, FL 32034
904-277-3232 (office) 904-335-0500 (cell) 904-277-2261 (fax)
alan.van@regions.com

June 17, 2010

FNMA 30 Year Fixed: 4.75%
FNMA 15 Year Fixed: 4.00%
USDA / FHA / VA: 4.75%

Hello Friends,

Looks like the “summer sizzle” has begun……

Have you noticed mortgage rates lately? They are once again approaching historic lows. In fact presently we are seeing the best pricing of the year. So what is causing rates to remain this low?

A few things are working in our favor. One is unemployment. We still have millions of able bodied workers looking for jobs. Colleges and Universities have just graduated thousands of co-eds that are now looking for work. Did you know that our economy would need to hire 125,000 per month just to keep up with the graduates coming out of higher education? Until we can put folks back to work where they will earn money to spend the sluggish economy will continue.

Also, the economic crisis in Europe has hurt world wide markets. In the US recently, institutional investors have pulled money from Wall Street and moved it to the safe haven of bonds. This has pushed bond yields highs keeping mortgage rates down.

Inflation is still on the distant horizon and is not affecting our economy…..yet.

The first time homebuyer tax credit has been extended to September 30 for those buyers who have a contract as of April 30. Approximately 180,000 homeowners would miss the current June 30 deadline for closing….many due to lengthy short sales transaction. Yipppiee.

Did you know that for every dollar Regions lends we have $0.99 in depository assets? Regions’ is very solid and very well positioned to lend.

Please let me know how I can help you. See you soon.

See you soon.
Alan


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