Did You Know?

Since 2004, home equity borrowing in America has risen 278%, according to a study by 360FinancialLiteracy.org . Nearly $719 billion of home equity credit is on balance in America, which now exceeds the total balance on credit cards. A home equity loan is paid off over time. A home equity line of credit is repaid like credit card debt.

Fun thing to do In the Sarasota/Bradenton Area

Tropical Fourth of July Celebration, July 4, 6—10pm

Join in the fun at Selby Gardens and pay tribute to America. Festivities include music, a costume contest for the most patriotic attire and lawn games. Traditional American cookout food will be sold for an additional charge, and beer, wine and soda will also be available. The evening of celebration will culminate in a fantastic display of fireworks over Sarasota Bay. Lawn chairs and blankets are encouraged, however coolers are not allowed. Members $15, non—members $18 and children under 12 admitted free. Tickets may be purchased online at http://www.selby.org/ or at Selby Gardens Welcome Center. Selby Botanical Gardens, 811 S. Palm Ave., Sarasota, 941-366-5731.

Real Estate Term You Should Know

FORECLOSURE

A legal proceeding to enforce a lien on such as a mortgage or deed of trust. The process by which secured property is seized and sold to satisfy a debt. A mortgage or involuntary lien must be sold by a court-ordered sale; a sale under a deed of trust may be either by court action or through a private trustee's sale.

About Area Neighborhoods: Bird Key

Nestled between the sparkling Sarasota shoreline and Lido Key is Bird Key, a private, gated enclave of 510 homes. A boater's paradise, Bird Key boasts deep-water canals and a private yacht club. Bird Key is connected to the mainland by the John Ringling Causeway for convenient access to Downtown Sarasota, yet living here feels like being a world away. Here you will find palatial beachfront estates and charming waterfront and off-water homes - but no high-rise condominiums. Bird Key captures the pristine feel of Florida days of old, surrounded by the glistening waters of Sarasota Bay.