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Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116119399732260672005-05-14T21:09:00.000-04:002006-11-05T08:08:38.812-05:00

<a href=http://us.rd.yahoo.com/dailynews/rss/search/condos/SIG=11cptcmik/*http%3A//www.nypost.com/business/43866.htm target=_blank>DOWNTOWN A.C. TO CONVERT TO CONDOS (New York Post)</a><br>DOWNTOWN A.C. TO CONVERT TO CONDOS May 13, 2005 -- After flirting with a rental scheme, the former Downtown Athletic Club is going totally condo, developer Joseph Moinian told The Post, and will be named The

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116119218893613182005-05-14T21:06:00.000-04:002006-11-05T08:08:38.752-05:00

Condos go on sale (The Biloxi Sun Herald)The second of two high-end high-rise condo towers planned for Bayou Caddy is now accepting reservations. With a $5,000 deposit, future tenants can reserve a unit in a 29-story tower of Southern Shore Resort, at a price of $350 per square foot.Condos Naples Real EstateOriginally Posted on 5/14/2005 9:08:26 PMContent source: http://us.rd.yahoo.com/dailynews/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116118918208065712005-05-14T21:01:00.000-04:002006-11-05T08:08:38.693-05:00

2nd Harbortown tower will convert to condos (Detroit Free Press)A Detroit trend toward riverfront condominium living continues this weekend when the second residential tower at the Harbortown complex converts to condos.Condos Naples Real EstateOriginally Posted on 5/14/2005 9:03:25 PMContent source: http://us.rd.yahoo.com/dailynews/rss/search/condos/SIG=1255c4c11/*http%3A//www.freep.com/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116118556835664152005-05-14T20:55:00.000-04:002006-11-05T08:08:38.628-05:00

<a href=http://us.rd.yahoo.com/dailynews/rss/search/condos/SIG=129gvmjci/*http%3A//www.wisinfo.com/postcrescent/news/archive/local_20981349.shtml target=_blank>Condos project set to begin in Kimberly (Northwestern)</a><br>KIMBERLY — Residents living in the shadow of a vacant Kmart building won’t have to look at what many consider an eyesore much longer.<br><br><br><a href=http://

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116118375742118442005-05-14T20:52:00.000-04:002006-11-05T08:08:38.567-05:00

Group seeks to save Wildwood Crest motels (Courier-Post)Bruce Smith took over the Tangiers Resort Motel more than a year ago to save the 50-room motel from the gallows. He traded the Silver Dollar and the Tahiti, two smaller lodgings which had no future except demolition to make way for condos.Condos Naples Real EstateOriginally Posted on 5/14/2005 8:54:23 PMContent source: http://us.rd.yahoo.com

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116117774794365102005-05-14T20:42:00.000-04:002006-11-05T08:08:38.508-05:00

Court Stops Embassy Evictions (NBC4 Washington, D.C.)A move to convert the Embassy apartments into condos hit a snag in court.Condos Naples Real EstateOriginally Posted on 5/14/2005 8:44:22 PMContent source: http://us.rd.yahoo.com/dailynews/rss/search/condos/SIG=120arbh8l/*http%3A//www.nbc4.com/news/4488089/detail.html?rss=dc&psp=news

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116116994292749302005-05-14T20:29:00.000-04:002006-11-05T08:08:38.444-05:00

First-quarter 2005 home resales at third highest pace on record (San Diego Daily Transcript via Yahoo! News) WASHINGTON -- Total existing-home sales, which include single-family homes and condos, were at the third-highest pace on record in the first quarter. In addition, 44 states and the District of Columbia showed higher sales in comparison with a year earlier, aCondos Naples Real

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116116333193462842005-05-14T20:18:00.000-04:002006-11-05T08:08:38.362-05:00

Developer Plans Marina, Condos In Ashland City (News Channel 5 Nashville)Ashland City may soon get a taste of big city life. A local developer plans to build luxury condos and a marina. The marina, which is already under construction, will include a restaurant and a grocery store.Condos Naples Real EstateOriginally Posted on 5/14/2005 8:20:20 PMContent source: http://us.rd.yahoo.com/dailynews/rss

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116116271853255442005-05-14T20:17:00.000-04:002006-11-05T08:08:38.296-05:00

<a href=http://us.rd.yahoo.com/dailynews/rss/search/condos/SIG=12oc1o7be/*http%3A//www.insidedenver.com/drmn/real_estate/article/0,1299,DRMN_414_3773834,00.html target=_blank>Condos just stone's throw from LoDo (Rocky Mountain News)</a><br>East West Partners-Denver has begun construction on the latest edition of its Riverfront Park project, two 23-story condo high-rises called Glass House.<br><br

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116115431174508152005-05-14T20:03:00.000-04:002006-11-05T08:08:38.230-05:00

Cobblestone 10143 Victoria Mill Court, Charlotte (The Charlotte Observer)These homes and condos closed in March in Carolina Multiple Listing Services Area 5, southeast Charlotte.Condos Naples Real EstateOriginally Posted on 5/14/2005 8:05:18 PMContent source: http://us.rd.yahoo.com/dailynews/rss/search/condos/SIG=13558j18r/*http%3A//www.charlotte.com/mld/charlotte/living/home/11645241.htm?source=

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116115010423665612005-05-14T19:56:00.000-04:002006-11-05T08:08:38.171-05:00

<a href=http://floridaassetprotection.blogs.com/alperlaw/2005/05/can_spouses_hav.html target=_blank>Can Spouses Have Separate Protected Homesteads?</a><br>A caller asked me today whether he and his wife can move to Florida and maintain two homesteads, one for each spouse. The answer is that a husband and wife living separately can each protect unlimited amounts of money in their own Florida

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116114409589640012005-05-14T19:46:00.000-04:002006-11-05T08:08:38.116-05:00

<a href=http://floridaassetprotection.blogs.com/alperlaw/2005/05/involuntary_ban.html target=_blank>Involuntary Bankruptcy May Be Impossible Under New Bankruptcy Law</a><br>Previous Blog posts have discussed fears that once the Bankruptcy Reform Act is in effect on October 17, 2005, more and more creditors will try to force people into involuntary bankruptcy in order to strip debtors of

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116113928025190862005-05-14T19:38:00.000-04:002006-11-05T08:08:38.051-05:00

Effect of Bankruptcy Reform on Asset ProtectionSteve Leimberg’s newsletter issued on May 3, 2005, provided another analysis of the effect of the new bankruptcy law on asset protection planning. The newsletter entry written by Jay Adkisson and Cris Reiser states that the new bankruptcy law changes the deCondos Naples Real EstateOriginally Posted on 5/14/2005 7:40:15 PMContent source: http://

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116113326986231232005-05-14T19:28:00.000-04:002006-11-05T08:08:37.990-05:00

<a href=http://floridaassetprotection.blogs.com/alperlaw/2005/05/comment_on_dela.html target=_blank>Comment on Delaware LLC</a><br>I received an interesting comment about Delaware Series LLCs from a reader named David. I want to post the comment in its entirety because it is an interesting insight on the effective use of the Delaware LLC in asset protection planning: At this point in ti<br><br><

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116113145985300742005-05-14T19:25:00.000-04:002006-11-05T08:08:37.929-05:00

<a href=http://floridaassetprotection.blogs.com/alperlaw/2005/05/fifth_district_.html target=_blank>Fifth District Court Rules That Fraudulent Conveyance is Not A Tort</a><br>Committing a tort in Florida subjects the tort doer to the jurisdiction of Florida courts under Section 48.193 of the Florida Statutes. The Florida Fifth District Court of Appeal issued an opinion on April 28, 2005, stating

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116112965062823232005-05-14T19:22:00.000-04:002006-11-05T08:08:37.856-05:00

Overly Concerned About Homestead In New Bankruptcy LawChanges to homestead protection in bankruptcy have been the focus of initial comments about the Bankruptcy Reform Act’s effect on Florida debtors seeking bankruptcy protection. Specifically, homestead protection is limited to $125,000 for debtors who have lCondos Naples Real EstateOriginally Posted on 5/14/2005 7:24:12 PMContent source: http

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116112244431069462005-05-14T19:10:00.000-04:002006-11-05T08:08:37.797-05:00

<a href=http://floridaassetprotection.blogs.com/alperlaw/2005/04/dont_believe_yo.html target=_blank>Don't Believe Your Own Baloney</a><br>My website includes a list of common asset protection mistakes- no mistake is bigger than underestimating creditors and their attorneys. Clients and many professionals are too quick to trust their wealth to the theoretical protections promised by various asse<

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116111703521976922005-05-14T19:01:00.000-04:002006-11-05T08:08:37.040-05:00

<a href=http://floridaassetprotection.blogs.com/alperlaw/2005/04/another_florida.html target=_blank>Another Florida Court Strengthens Homestead Protection</a><br>Florida’s Third District Court of Appeals has upheld Florida’s homestead protection against creditors in Conseco Services v. Cuneo. The Third District Court opinion also clarified some issues and questions raised about the Supreme

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116110922403378952005-05-14T18:48:00.000-04:002006-11-05T08:08:36.982-05:00

Conspiracy To Opporutnity Shift As A Fraudulent ConveyanceI read a report in Leimberg Information Services about a Missouri Court of Appeals case which held that a debtor and other parties can be held liable for civil conspiracy in a fraudulent transfer when they create new entities through which the debtor conductsCondos Naples Real EstateOriginally Posted on 5/14/2005 6:50:09 PMContent source:

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116110621209616482005-05-14T18:43:00.000-04:002006-11-05T08:08:36.923-05:00

New Bankruptcy Law: ChillI have been receiving several email questions about the new bankruptcy law. One person complained because the new information was not yet incorporated on my website. This law is more complex than it seems. It raises many issues that will take years to resolveCondos Naples Real EstateOriginally Posted on 5/14/2005 6:45:08 PMContent source: http://

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116110260570184352005-05-14T18:37:00.000-04:002006-11-05T08:08:36.866-05:00

Is Bankruptcy Preferred Forum to Defend Civil Fraud?An attorney called me this week to discuss a prospective bankruptcy client. The client was being sued in state court by numerous people who alleged they were fraudulently billed for chiropractic services. The client could no longer afford attorneys fees involCondos Naples Real EstateOriginally Posted on 5/14/2005 6:39:07 PMContent source: http:/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116110139507951032005-05-14T18:35:00.000-04:002006-11-05T08:08:36.805-05:00

<a href=http://floridaassetprotection.blogs.com/alperlaw/2005/04/llc_protection_.html target=_blank>LLC Protection in Bankruptcy</a><br>I have commented previously that limited liability companies probably do would not have asset protection benefit in a bankruptcy proceeding. My reasoning was that the LLC protects assets by virtue of the limited creditor remedy of a charging lien provided in <br>

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116109719276831072005-05-14T18:28:00.000-04:002006-11-05T08:08:36.745-05:00

<a href=http://floridaassetprotection.blogs.com/alperlaw/2005/04/debtors_experie.html target=_blank>Debtors' Experience Hiding Cash</a><br>Most of my asset protection clients have significant cash warehoused in a bank account or a brokerage money market account. Many clients are often afraid that future creditors will garnish their bank accounts without notice. Often, I am asked if there is some<

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116109538433115722005-05-14T18:25:00.000-04:002006-11-05T08:08:36.685-05:00

Definition of "Insolvency" for Fraudulent ConveyanceThe May edition of the Florida Bar Journal contains an article Mr. Robert Meyer about whether a disclaimer for estate planning purposes can be set aside as a fraudulent conveyance against creditors of an heir or trust beneficiary. The article includes an inteCondos Naples Real EstateOriginally Posted on 5/14/2005 6:27:04 PMContent source: http:/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116108696497307462005-05-14T18:11:00.000-04:002006-11-05T08:08:36.626-05:00

Dealing With Collection AgenciesMany clients asked me how they can deal with consumer creditors such as credit card companies when they are delinquent in payments. I had a new client this week who seemed to be very successful in getting creditors to stop calling and in negotiating favorableCondos Naples Real EstateOriginally Posted on 5/14/2005 6:13:03 PMContent source: http://

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116108035313900692005-05-14T18:00:00.000-04:002006-11-05T08:08:36.567-05:00

As summer vacations start, Florida still works to recover from hurricanes (Sun-Sentinel)Nearly eight months after the first of four hurricanes slammed into the state, it might take more than a good spin doctor to resuscitate the picture-postcard dream of the Florida beach vacation.Condos Naples Real EstateOriginally Posted on 5/14/2005 6:02:02 PMContent source: http://us.rd.yahoo.com/dailynews/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116107437653725642005-05-14T17:50:00.000-04:002006-11-05T08:08:36.507-05:00

Florida hurricanes boosted Alabama tourism numbers (Sun-Sentinel)MONTGOMERY, Ala. -- Hurricane evacuations in Florida last year contributed to growth in Alabama's tourism industry, which reported a record $7.3 billion in spending in 2004 despite losses caused by Hurricane Ivan.Condos Naples Real EstateOriginally Posted on 5/14/2005 5:52:01 PMContent source: http://us.rd.yahoo.com/dailynews/rss/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116107379392273612005-05-14T17:49:00.000-04:002006-11-05T08:08:36.451-05:00

<a href=http://us.rd.yahoo.com/dailynews/rss/search/condos+florida/SIG=13c597dbp/*http%3A//www.sun-sentinel.com/business/local/sfl-zpfpl14may14,0,7867956.story&#63;coll=sfla-business-headlines target=_blank>Power plant plan aims to meet demand (Sun-Sentinel)</a><br>Florida Power & Light Co. plans to build a $1.2 billion natural-gas fired electric generating plant in Palm Beach County, the

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116106597107216242005-05-14T17:36:00.000-04:002006-11-05T08:08:36.391-05:00

Vultures smell drop in hot Florida condo market (Reuters via Yahoo! News) The vultures are circling the construction cranes and unfinished concrete-and-glass towers of Miami's white-hot condo craze.Condos Naples Real EstateOriginally Posted on 5/14/2005 5:37:58 PMContent source: http://us.rd.yahoo.com/dailynews/rss/search/condos+florida/SIG=12fslv69b/*http%3A//news.yahoo.com/news?tmpl=story&u=/nm

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116106358349519912005-05-14T17:32:00.000-04:002006-11-05T08:08:36.317-05:00

Florida hurricanes boosted Alabama tourism numbers (Gainesville Sun)urricane evacuations in Florida last year contributed to growth in Alabama's tourism industry, which reported a record $7.3 billion in spending in 2004 despite losses caused by Hurricane Ivan.Condos Naples Real EstateOriginally Posted on 5/14/2005 5:33:56 PMContent source: http://us.rd.yahoo.com/dailynews/rss/search/condos+

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116105818158035862005-05-14T17:23:00.000-04:002006-11-05T08:08:36.259-05:00

Florida hurricanes boosted Alabama tourism numbers (WINK TV Southwest Florida)MONTGOMERY, Ala. Hurricane evacuations in Florida last year contributed to growth in Alabama's tourism industry, which reported a record $7.3 billion in spending in 2004 despite losses caused by Hurricane Ivan.Condos Naples Real EstateOriginally Posted on 5/14/2005 5:24:54 PMContent source: http://us.rd.yahoo.com/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116104915685415422005-05-14T17:08:00.000-04:002006-11-05T08:08:36.197-05:00

GDC Looks to Acquire $500M in Shopping Centers (GlobeSt.com)HAWTHORNE, NY-GDC Properties Inc. plans to increase its ownership of shopping centers from six properties to 20 over the next 18 months acquiring approximately $500 million worth of property in the New York Metro area, Atlanta and Central and Southern FloridaCondos Naples Real EstateOriginally Posted on 5/14/2005 5:09:52 PMContent source

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116104784749764752005-05-14T17:06:00.000-04:002006-11-05T08:08:36.137-05:00

The last affordable beach house (CNN Money)Making fast friends over sand castles...Lying in the surf as the waves wash over you...trying to keep up with Mom or Dad as you comb the shoreline for shells. There's something about the beach that makes childhood memories fonder.Condos Naples Real EstateOriginally Posted on 5/14/2005 5:07:48 PMContent source: http://us.rd.yahoo.com/dailynews/rss/search/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116104660653643782005-05-14T17:04:00.000-04:002006-11-05T08:08:36.080-05:00

<a href=http://us.rd.yahoo.com/dailynews/rss/search/condos+florida/SIG=11vgkc5gi/*http%3A//www.detnews.com/2005/business/0505/14/biz-181223.htm target=_blank>In U.S., some malls may soon be home sweet home (Detroit News)</a><br>NEW YORK -- Some people seem to live at the mall. Soon they may be able to do just that.<br><br><br><a href=http://www.naplesfloridarealestatecondos.com/

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1116104475162490982005-05-14T17:01:00.000-04:002006-11-05T08:08:36.016-05:00

Aging boomers head back to college towns (Detroit News)ANN ARBOR -- For a retirement community, University Commons doesn't seem to have a lot of people who are retired.Condos Naples Real EstateOriginally Posted on 5/14/2005 5:02:40 PMContent source: http://us.rd.yahoo.com/dailynews/rss/search/condos+florida/SIG=11u7h150m/*http%3A//www.detnews.com/2005/careers/0505/14/A01-153847.htm

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1115822897196689952005-05-13T10:15:00.000-04:002006-11-05T08:08:35.321-05:00

The first quarter of 2005 saw the median price of a condo in the Naples increase 51% over the same quarter in 2004.

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1115903456296575952005-05-12T09:09:00.000-04:002006-11-05T08:08:35.730-05:00

Foreclosure Fraud SchemesWednesday, May 11, 2005 - The Federal Bureau of InvestigationsPerpetrators mislead the homeowners into believing that they can save their homes in exchange for a transfer of the deed, usually in the form of a Quit-Claim Deed, and up-front fees. The perpetrator profits from these schemes by remortgaging the property or pocketing fees paid by the homeowner without

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1115903371258498722005-05-12T09:08:00.000-04:002006-11-05T08:08:35.672-05:00

Mortgage Debt Elimination SchemesWednesday, May 11, 2005 - The Federal Bureau of Investigations• Be aware of e-mails or web-based advertisements that promote the elimination of mortgage loans, credit card and other debts while requesting an up-front fee to prepare documents to satisfy the debt. The documents are typically entitled Declaration of Voidance, Bond for Discharge of Debt, Bill of

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1115903182699181342005-05-12T09:05:00.000-04:002006-11-05T08:08:35.615-05:00

COMMON MORTGAGE FRAUD SCHEMESWednesday, May 11, 2005 - The Federal Bureau of InvestigationsProperty Flipping - Property is purchased, falsely appraised at a higher value, and then quickly sold. What makes property illegal is that the appraisal information is fraudulent. The schemes typically involve one or more of the following: fraudulent appraisals, doctored loan documentation, inflating buyer

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1115903082427356192005-05-12T09:03:00.000-04:002006-11-05T08:08:35.556-05:00

MORTGAGE FRAUD INDICATORSWednesday, May 11, 2005 - The Federal Bureau of InvestigationsInflated Appraisals• Exclusive use of one appraiserIncreased Commissions/Bonuses - Brokers and Appraisers• Bonuses paid (outside or at settlement) for fee-based services• Higher than customary feesFalsifications on Loan Applications• Buyers told/explained how to falsify the mortgage application• Requested to

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1115902951346469452005-05-12T09:00:00.000-04:002006-11-05T08:08:35.501-05:00

II. Significant CasesREO FLIPWAGON (JACKSONVILLE): In December 2003, the FBI initiated an UCO to address the massive amount of mortgage fraud in the Jacksonville area. On September 16, 2004, as a result of this investigation, seven search warrants were executed and two arrests were made. Mortgage broker J. R. Parker and closing attorney Dale Beardsley, were arrested via complaint, charging them

Naples Real Estate Guynoreply@blogger.comtag:blogger.com,1999:blog-12817502.post-1115902741163708482005-05-12T08:56:00.000-04:002006-11-05T08:08:35.445-05:00

FBI: 80% of Fraud Attributed To InsidersWednesday, May 11, 2005 - The Federal Bureau of InvestigationsThe increased reliance by both financial institutions and non-financial institution lenders on third-party brokers has created opportunities for organized fraud groups, particularly where mortgage industry professionals are involved. Combating significant fraud in this area is a priority, because

Naples Real Estate Guynoreply@blogger.com