About Area Neighborhoods: Longboat Key

This 11-mile island, Longboat key, is located half in Manatee and Sarasota Counties, which is the Sarasota's northernmost Barrier Island. Connected to Anna Maria Island by bridge to the north and Lido Key to the south, this is home to world-class golf and tennis resorts. Longboat Key is a wonderland of manicured fairways and opulent high-rise condominiums lining the Gulf of Mexico.

Prudential listings go to Cyberhomes, Google Base, Oodle

Citing their popularity with consumers, Prudential Real Estate Affiliates Inc. said it's begun sending listings to Cyberhomes, AOL.com, Google Base and Oodle, and will purchase display and banner ads on Cyberhomes and Oodle. Prudential Real Estate, which claims more than 2,100 franchise offices and 64,000 sales professionals, said it kicked off the new partnerships today by sending 140,000 for-sale property listings to the sites. Prudential said listings will appear on AOL.com through Cyberhomes, which is providing value range estimates and property profiles at Prudential's real estate search page. Prudential will continue sending listings to FrontDoor.com, Propsmart.com, Trulia.com, Yahoo! Real Estate and Zillow.com.

Welcome Mary Beth Hudson and Gregory Hudson

Prudential Palms Realty is pleased to announce that Mary Beth Hudson and Gregory Hudson, former owners of Avalar Real Estate, have recently affiliated with Prudential Palms Realty's downtown office, along with 12 former Avalar sales associates. Mary Beth Hudson will become the new manager of the Downtown office. Gregory Hudson will be a Prudential Palms Fine Homes Specialist, continuing as a top-producing sales associate. The Hudsons made the move to Prudential Palms in order to take advantage of the advanced technology and marketing resources available through the Prudential brand.
"We are so pleased to be able to join Prudential Palms, continuing our real estate careers with such a high quality Sarasota company," Mary Beth Hudson remarked. "Both Greg and I, as well as our former Avalar sales associates, realize the strength a brand such as Prudential brings. Their marketing programs and international connections, as well as their technological support and infrastructure, is unsurpassed by any company that we have been affiliated with in our 12 years in the real estate business. We are very excited about all the opportunities this affiliation brings."

Our neighbors; the Atlantic Tarpon

The Atlantic tarpon (Tarpon atlanticus or Megalops atlanticus) is found close to shore in warm parts of the Atlantic Ocean, Gulf of Mexico, and sometimes in rivers. It habitually breaks the water's surface and gulps air. It grows to 6 ft (1.8 m) and 100 lb (45 kg) or larger. Strength, stamina, and fighting ability, make the tarpon one of Southwest Florida's premier game fish.

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.

New Listing: 15106 SUNDIAL Place, Lakewood Ranch, Florida 34202

Lee Wetherington home offering 4 bedrooms with own private baths+pool bath. Amazing kitchen finishes including 42" cabinetry, granite, center island & cook top. Stepped ceilings, crown moldings & tile throughout. Den w/view. Spacious upstairs media room perfect for movie night. Master w/sitting area, vanity, sunk in tub & glass block shower. Warm colors & gorgeous lighting package accompany this newer home. Enjoy peaceful Florida evenings by your pool/spa overlooking lake & preserve view. Full summer kitchen add convenience & style. Lovely family home on a very private lot. MLS#: 385571 Price$778,000

Virtual Tour: http://www.srqvm2.com/15106sundial/slide.html

Did You Know?

Pre-wired cable/satellite TV and home security systems are the most important new home technologies, according to a recent Internet Home Alliance survey of new homebuyers. Other desired new home technologies include structured wiring, multi-zone HVAC, air purification systems, wireless networks, energy management systems, and home lighting control systems.

About Area Neighborhoods: Braden Woods

Large, wooded home sites and the natural beauty of tall native pines come together in Braden Woods, located east of Interstate 75 in Manatee County is tucked into a country setting reminiscent of Florida's past. Residents here love the private setting, with a homeowner's association that truly values the preservation of this rare lifestyle. Perfect for families and near all of the conveniences of the city, Braden Woods brings a little bit of country to Sarasota's cosmopolitan ambiance.

Real Estate Term You Should Know

REALTOR

A real estate broker holding active membership in a real estate board affiliated with the National Association of Realtors.

Our neighbors; the Manatees

Manatees are large, gray aquatic mammals with bodies that taper to a flat, paddle-shaped tail. They have two forelimbs, called flippers, with three to four nails. Their head and face are wrinkled with whiskers on the snout. The manatee's closest land relatives are the elephant and the hyrax, a small, gopher-sized mammal. Manatees are believed to have evolved from a wading, plant-eating animal. The West Indian manatee is related to the West African manatee, the Amazonian manatee, the dugong, and to the Steller's sea cow, which was hunted to extinction in 1768. The average adult manatee is about three meters (9.8 feet) long and weighs between 362-544 kilograms (800-1,200 pounds).

Manatees can be found in shallow, slow-moving rivers, estuaries, saltwater bays, canals and coastal areas. Manatees are a migratory species. Within the United States, West Indian manatees are concentrated in Florida in the winter, but they can be found in summer months as far west as Texas and as far north as Virginia. However, these sightings are rare. Summer sightings in Alabama, Georgia and South Carolina are common. West Indian manatees can also be found in the coastal and inland waterways of Central America and along the northern coast of South America, although distribution in these areas may be spotty.

Manatees are gentle and slow-moving. Most of their time is spent eating, resting, and in travel. Manatees are completely herbivorous. They eat aquatic plants and can consume 10-15% of their body weight daily in vegetation. They graze for food along water bottoms and on the surface. They may rest submerged at the bottom or just below the surface, coming up to breathe on the average of every three to five minutes. When manatees are using a great deal of energy, they may surface to breathe as often as every 30 seconds. When resting, manatees have been known to stay submerged for up to 20 minutes.

Featured Property of the week: 611 St Judes Drive, Sarasota Florida 34228

Longboat Key Hideaway-$875,000

This home is built to hurricane standards top to bottom including all concrete construction, metal roof, and impact windows. ELEVATOR from Garage level to 3rd Flr. Master suite. Interior upgrades include Granite Counters, Wood Cabinets, Crown molding and Wood floors. Private pool area for entertaining and 4 car garage. Deeded private beach access and the conveniences of close shops, equals a wonderful Key location. Home completed in Feb. 2007. Seller will consider lease option or lease purchase with lender approval. Short Sale with Lender approval. Short Sale addenedum. Call me if you have any questions or would like a showing.

Virtual Tour: http://www.visualtour.com/shownp.asp?sk=13&t=1316645

LAKEWOOD RANCH SALES - They look good

During the first five months of 2008, average sales prices in Lakewood Ranch increased by 4.5 percent, and median sales prices held almost steady over the same period last year. The average selling price of residential homes, as reported through the Sarasota Multiple Listing Service, rose from $582,975 in 2007 to $608,585 in 2008 in Lakewood Ranch. Median selling prices held almost steady at $432,500 in 2007 compared with $442,500 in 2008. The standing inventory of listed single-family homes is 363, compared with 424 at the end of 2007.

Did You Know?

Habitat for Humanity International is a nonprofit, ecumenical Christian housing ministry. Since its founding in 1976 by Millard and Linda Fuller, Habitat for Humanity International has built or rehabilitated more than 150,000 houses for families in need, becoming a world leader in addressing the issues of poverty and housing.

Red Sox fan spotted on Lido Beach?

CITIZENS FOR SOX PUBLIC MEETING NOW SCHEDULED

Thursday, June 12 7:00 p.m.
Lido Beach Resort
Ben Franklin Dr. Lido Beach
8th Floor Meeting Room
You can now view meeting schedules on http://www.blogger.com/www.citizensforsox.com homepage.
If you have any questions, please contact Elsie Souza, Coordinator at info@citizensforsox.com

Did You Know?

An adjustable rate mortgage, or ARM, was first introduced in the state of Wisconsin in the late 1940s. The Wisconsin state legislature permitted lenders to adjust their loan rates charged to borrowers in order to grant relief to savings and loan institutions that held large numbers of fixed-rate loans.

Real Estate Term You Should Know

MARKETABLE TITLE

Title free and clear of reasonable objections and doubts; also called merchantable title.

Summer Programs 2008

MOMMY AND ME - Ocean Adventurers(Ages 2 - 5)Explore Sarasota Bay and its critters through hands-on activities, field experiences and visits to Mote Aquarium.You and your child will travel through a mangrove bay walk and wade through the bay with dip nets to discover what lives in the grass flats and under the sand in Sarasota Bay.Each camper must be accompanied by an adult. Session Dates: (Two Unique Sessions)Session 1: June 10-12, June 17-19, June 24-26, July 1-3, July 8-10Session 2: July 15-17, July 22-24, July 29-31, Aug. 5-7, Aug. 12-14 Number of Student Campers: 15 per session

AQUAKIDS - Munchers, Crunchers, Slurpers & Chirpers(Students Entering Grades 1 - 4)What do sea turtles eat? Why don't the sharks feed on the other fish in their habitat at Mote? Through hands-on experiments, games and crafts we'll discover who eats who and what would happen if there were no more fish in the sea. Campers will snorkel, visit Mote Aquarium and take a boat trip in Sarasota Bay. Swimming skills are required.**After Camp Care Available Session Dates:June 9-13 (FULL), June 16-20 (FULL), June 23-27 (FULL), June 30-July 4 (FULL), July 7-11 (FULL), July 14-18 (FULL), July 21-25 (FULL), July 28-Aug. 1 (FULL), Aug. 4-8 (FULL), Aug. 11-15 (FULL) Number of Campers: 24 per session*Are your desired summer camp dates full? Weekend day camps are still open! Check out our year-round Mote Island Quest program.

MOTE EXPLORERS - Marine Extremes(Students Entering Grades 5 - 8)Ever wondered how you measure up against sea creatures?From the fastest fish to the deepest-diving whale, we'll explore the extreme adaptations of sea creatures. Come ready to experience Marine Extremes through hands-on activities, snorkeling, visits to Mote Aquarium and a boat trip through Sarasota Bay. Swimming skills are required.**After Camp Care Available Session Dates:June 9-13, June 16-20, June 23-27, June 30-July 4, July 7-11, July 14-18, July 21-25, July 28-Aug. 1, Aug. 4-8, Aug. 11-15Number of Campers: 24 per session

Digi-Know How?- (Students Entering Grades 5 - 8)Become an undersea super star! Whether behind the camera or in front of the lights, you'll create amazing digital media projects with our easy-to-use computer application sand equipment. Make a movie about sharks, a digital scrapbook on manatees or record ocean science music, then showcase your high-tech masterpiece during an end-of the-week virtual presentation. No experience required. All Digital equipment provided. Just bring your imagination!Concurrent registration in the Marine Extremes program is strongly recommended, but not required.Session Dates:July 7-11 (FULL), July 14-18 (FULL)Number of Campers: 20 per session

Discovering the Florida Keys - (Students Entering Grades 7 - 8)Come enjoy a wide spectrum of marine science activities while living at Mote's Tropical Research Laboratory on Summerland Key, Fla. In this incredible field-based course, participants will snorkel at Looe Key Reef, kayak through mangrove tunnels,explore Bahia Honda State Park, and visit Marathon's Turtle Hospital. This year's program is highlighted by an all-day excursion to Dry Tortuga's National Park. Mote provides round-trip ground transportation from Sarasota, field trip transportation in the Keys, lodging and food. Program costs include use of snorkel gear. Swimming skills are required.Session Dates:June 16-20 (FULL), July 7-11 (FULL), July 21-25 (FULL)Number of Campers: 13 per session

MOTE JUNIOR SCIENTISTS - PADI SCUBA Diving Training Open Water Level (Students Entering Grades 9 - 12)Want to experience breathing underwater? Join Mote this summer to learn the sport of SCUBA diving. The training consists of three components: class knowledge development,confined water dives and open water dives. Upon successful completion of this class, participants will be certified as Open Water Divers through the Professional Association of Dive Instructors (PADI). If you would like to practice your new skills, join us the following week for Marine Ecology of the Florida Keys. Swimming skills are required.Session Dates:June 16-20, July 7-11Number of Campers: 10 per session Marine Ecology of the Florida Keys(Students Entering Grades 9 – 12)Come experience the marine wonders of the Florida Keys!Using Mote’s Tropical Research Laboratory in Summerland Key, Fla., as a base camp, participants will SCUBA (if certified)or snorkel to explore Looe Key, Sombrero Reef and John Pennekamp State Park. Their brief out-of-water interlude swill include tide pool walks, a fishing trip, kayaking and a visit to the Dolphin Research Center. Mote provides round-trip ground transportation from Sarasota, field trip transportation in the Keys, lodging and food. Program costs include use of snorkel and SCUBA gear. Swimming skills are required.Session Dates:June 23-27, July 14-18 (FULL) Number of Campers: 13 per session

TEACHERS Collecting Critters - Interested in collecting critters for your classroom? Earn your Florida Fish and Wildlife Conservation Commission Collection Certificate during this teacher workshop. Mote educators will explain the latest information on state regulations regarding species collection, collecting processes and fishing gear. An optional field sampling training will conclude the experience.Please come prepared for water work.Workshop Dates:June 26, Aug. 7Number of Teachers: 30 per workshop

REEF Fish ID Training - In collaboration with the Reef Environmental Education Foundation (REEF), Mote will be offering a two-hour session to introduce recreational divers and snorkelers to the enjoyable and educational activity of fish watching. Participants will learn the basics of fish shape and anatomy and how to use these traits for identification. Upon completion of the program, participants will be certified REEF surveyors able to contribute to the world of “citizen science”.Workshop Dates:July 31Number of Teachers: 30 per workshop.

For more information or to participate please Contact - Mote Marine Laboratory 1600 Ken Thompson Parkway, Sarasota, Florida 34236 - (941) 388-4441 - (800) 691-MOTE

Featured Property of the week: 9113 STONE HARBOUR Loop, Bradenton Florida 34212

HERITAGE HARBOUR is a Fabulous Golf Course Community with Beautiful Lake Views and amenities. Relax , Play & Enjoy life in a Magnificent Area. This Popular Community offers Golf, Swimming, Tennis, Volley Ball and a State of the Art Fitness Center with a Gorgeous Club House to Entertain all your guests. This home has 3 beds. Office plus 2 full baths. Designer Tile, Washer, Dryer, light fixtures and furniture are included in this great price. Watch the Golfer's putt on the green in your own private screened in Lanai overlooking a beautiful lake. This is a must see home. Seller offers to purchase a Golf Membership for the buyer. Call me if you have any questions or would like a private showing.

Virtual Tour: http://www.visualtour.com/shownp.asp?sk=13&t=1535276

Did you Know?

Thomas Jefferson is reported to be the first to install thermal insulation during home construction for the specific purpose of better heating and cooling. Jefferson used a cellulose type of insulation comprised of wood, paper, and plant-base in his large Monticello estate built more than 200 years ago.

Real Estate Term You Should Know

MARKET VALUE

The highest price in terms of money which a property will bring on the open market and under all conditions required for a fair sale, i.e., the buyer and seller acting prudently, knowledgeably and neither affected by undue pressures.

Featured Property of the week: 6911 Belmont Court, Lakewood Ranch, Florida 34202

Stunning John Cannon Allora VIII 4 BR/4BA Model Home with exquisite details. Custom porcelain floor design throughout. Office w/full wall built-ins. Huge bonus room w/raised area, perfect for weekend card games. Formal dining and living w/large wet bar. Spacious combo family room, w/fireplace & basket weave ceiling. Kitchen is dynamite w/granite & ctr island. Master features gigantic spa tub. Every room has unique custom features. You will take your time in this home to appreciate each detail. 550 sqft pavered lanai w/summer kitchen, lake view and plenty of luxurious living space. Call Randy if you have any questions or would like a private showing (941) 586-9635.

Virtual Tour: http://www.vr24.net/srq.php?mls=318914

Our neighbors; the Sandhill Cranes

Sandhill Cranes
Florida sandhill cranes are long-legged, long-necked, gray, heron-like birds with a patch of bald, red skin on top of their heads. Sandhill cranes fly with their necks outstretched with powerful, rhythmic wing beats. Florida's sandhill cranes are a threatened species that are found in inland shallow freshwater marshes, prairies, pastures and farmlands. Sometimes they can be seen on lawns throughout Florida.

They are sensitive birds that do not adjust well to changed environments and high human populations. Sandhill cranes are usually seen in small family groups or pairs. However, during the winter, Florida's sandhill crane population increases as cranes from northern states spend the winter in Florida. Sandhill cranes are omnivorous, meaning they eat a variety of plant and animal matter. Some of their favorite meal items include seeds, plant tubers, grains, berries, insects, earthworms, mice, snakes, lizards, frogs and crayfish. Unlike other wading birds, such as herons, sandhill cranes do not "fish."

The voice of the sandhill crane is one of the most distinctive bird sounds in Florida. This "call of the wild" has been described as a bugling or trumpeting sound, and can be heard for several miles. Florida sandhill cranes stay with the same mate for several years and young sandhills stay with their parents until they are about 10 months old. Like their endangered relatives the whooping cranes, sandhills live to be older than most birds. In fact, some sandhill cranes live up to 20 years.

Sarasota and Lakewood Ranch Polo?

Did you know Lakewood Ranch is home to the Sarasota Polo Club where the best players from around the globe compete on nine of the finest polo fields in the world? Come experience the thrill of watching the “fastest game on four feet” Sundays from December through April. Become part of the pageantry and excitement of the oldest organized sport in the world!
The Sarasota Polo Club's 130 acres of manicured fields, clubhouse and open air pavilion are also available for both indoor or tented sporting events, business meetings, weddings, parties and other special occasions.
For more information, visit www.sarasotapolo.com or call (941) 907-0000.

Real Estate Term You Should Know

CAPITAL GAIN

The gain recognized for federal (IRS) and state income tax purposes when a taxpayer disposes of a capital asset.

Fun thing to do In the Sarasota/Bradenton Area

Cocktails at the Ca d’Zan
Enjoy lavish cocktails and mingling the way John and Mable would have wanted, with gorgeous views of the couple’s Gothic Venetian estate and the bay’s stunning sunset. Terrace entertainment provided. Every third Thursday from 6-9pm . Limited seating available so arrive early.

Admission is $5.

Parking is free.

The John and Mable Ringling Museum of Art
5401 Bay Shore Rd.
Sarasota, 941-359-5700.

New Listing: 7720 Latrobe Ct. Lakewood Ranch, FLorida 34202

Completely REMODELED & FURNISHED home in the gated LWR Country Club. This 3BD/2BA Great Room plan home offers pocket sliders to a Salt-Chlor. pool with a serene Lake View. 18" porcelain tiles diag. thru-out, 5" wood floors in beds, satin designer paint pallet, custom closets, built-ins. Exquisite chef's kitchen with Hazlenut Burnished cabinetry, stainless Pro-Style appliances. Bianco Antico Granite and a 6' island create this dream kitchen. Gorgeous lighting package, 12'-14' ceilings w/crown molding & plantation shutters. Side entry garage, paved drive and tile roof on a Cul-de-Sac lot!

Virtual Tour: http://www.srqvt.com/7720latrobevt.html

Real Estate Term You Should Know

EMINENT DOMAIN

The right of the government and certain others, such as public utilities, to acquire property for public or quasi-public use by condemnation, upon payment of just compensation to the owner. The constitutional or inherent right of a government to take private property for public good upon the payment of just compensation

5 new rules for home sellers

Whether you're buying or selling, the real estate game has changed. To play and/or win, you've got to learn a new playbook.


Selling a home is a lot trickier than it used to be - here's how to be smart about pricing, presentation and incentives.

Rule 1: Get real about price
Too many sellers set their price based on yesterday's market. Big mistake. The first buyers in tend to pay the best price, so you need to price it right at the start. Have three area brokers prepare what's called a comparable market analysis. It will list asking and selling prices of similar homes, as well as amenities and sizes. If there's little inventory in your price range, list for what others are asking. If a lot of homes like yours are on the market, then look to generate buzz. Set an asking price 10% below what homes like yours have been selling for. That raises the odds of your getting multiple offers. If your market is really frozen and you need to drop the price, make one large cut. No baby steps.

Rule 2: Hire an experienced broker
Selling on your own in an unprecedented slowdown means you'll have to work awfully hard marketing your home. If you aren't prepared for that, Hire an experienced broker. Avoid newbies. You want an agent who has been through good times and bad and who has a track record that you can verify with clients.

Rule 3: Pimp your house - hire a home stager
To sell today, you've got to glam up your home. A stager will help get rid of clutter (especially clutter you don't see); rearrange furniture to create attractive focal points; re purpose underused rooms, turning, say, that makeshift bedroom in the basement into a rec room; and pick paint and curtains that make rooms appear spacious. A consultation may run $200. Completing the plan could cost $1,000 or more. It's worth it.

Rule 4: Cash will make your home look even better
Given the number of listings out there, you want to throw in a little something extra to make your house catch the eye of buyers and their agents. Rather than hand out a cruise or a car - skeptics might wonder why you're so desperate -offer something that will make your home more affordable, such as paying part of the buyer's closing costs.
In the multiple-listing service description of your house that agents can see, let them know you're offering a $1,000 bounty or a 4% commission to the one who brings in the purchaser. It will mean more knocks on your door.

Rule 5: Underwater? Learn to swim
If you're a recent buyer, your mortgage may well top what your home would go for today. About a third of those who bought last year or in 2006 now have negative equity, according to Zillow.com. If a job or family issue compels you to move, your options aren't great, but you have a few.
If the rental market in your area is strong (as is the case in many spots that were healthy but not overly bubbly during the boom), you can become a landlord and wait out the slump. Second, of course, is to sell for as much as you can (see Rule No. 1) and raid your savings for the difference.
Short sales, in which the bank agrees to take less than it's owed and release you from your debt, get a lot of media attention. That doesn't mean they're easy to come by. A bank usually will consider one only if you're at risk for foreclosure. Even then it may say, "No, thanks."

US House passes massive homeowner rescue plan...stay tuned

The House on Thursday passed a massive homeowner rescue plan to provide cheaper, government-backed mortgages to half a million debt-ridden borrowers and bolster an economy crippled by the housing crisis.Defying veto threats from President George W. Bush, the House approved the measure by a vote of 266-154, with 39 Republicans – mostly from areas suffering worst from housing woes – supporting it.It would let the Federal Housing Administration take on up to $300 billion in new mortgages so that financially strapped borrowers facing foreclosure could refinance.The plan by Rep. Barney Frank, a Democrat, is the centerpiece of a broader package of bills approved Thursday that Democrats say will prevent more foreclosures and help homeowners and communities deal with the fallout from the mortgage meltdown.“We are in a recession, and the major cause of that is the subprime crisis,” said Frank, the House Financial Services Committee chairman. “Diminishing the number of foreclosures is in the interest not simply of those who will avoid foreclosure, but people in their neighborhood, (in) the cities in which they are located, and the whole economy.”The measure is targeted at homeowners facing default, including many who owe more than their houses are worth.For instance, a homeowner who owes $290,000 on a house now worth $225,000 could refinance into an FHA-backed loan if the mortgage holder was willing to take a loss of about 36 percent. The borrower’s monthly mortgage payments would fall from $2,200 to about $1,200.Loan holders would have an incentive to participate, proponents believe, since the alternative would be costly foreclosures, which can involve losses of 50 percent or more.Supporters hope the package – which awaits action in the Senate – will serve as the basis for a broad bipartisan housing compromise that could satisfy both parties’ keen appetite for delivering election-year aid to anxious constituents.But Bush’s veto warnings, bolstered by staunch Republican opposition, are clouding its prospects.“House Democrats passed bills that they know will never become law. Most Americans understand that we shouldn’t create a taxpayer-funded bailout for lenders and speculators,” said Tony Fratto, a White House spokesman.Republicans argued the package reward lenders and irresponsible borrowers at the expense of homeowners and renters who made more prudent choices and are straining to cover their costs in a punishing economic climate.“The vast majority of Americans who find themselves struggling with mortgage payments, struggling with high gas prices, struggling with high food prices are now going to assume responsibility for ill-advised financial decisions and misjudgments of other people,” said Rep. Spencer Bachus, a Republican.Under Frank’s plan, homeowners currently considered too risky to qualify could refinance into FHA-backed loans if their lenders agreed to take substantial losses on the original mortgages. Borrowers would have to show they could afford to make payments on the new loans. They would have to share with FHA at least half of their proceeds if they profited from selling or refinancing again.The plan is projected to cost $2.7 billion over the next five years.Republican backers said they were putting aside their philosophical objections to a government-based rescue due to the severity of the housing crisis that has hit their constituents.“There are 500,000 real families with children out there who are going to be helped by this,” said Ric Keller, a Florida Republican. “It may not be a perfect bill, but good people in my home state of Florida need help, and in my view, this is the only train leaving the station.”Indeed, with a legislative schedule squeezed by the November elections, Congress has just a couple of months to come to terms with the White House on a housing package. Democratic Sen. Christopher J. Dodd, the Banking Committee chairman, has been searching for an elusive bipartisan deal on a similar measure, which he hopes his panel can vote on next week.The House on Thursday also passed, 239-188 a bill to send $15 billion to states to buy and fix up foreclosed property. Bush has also threatened to veto that measure, contending it rewards the very lenders who helped caused the housing chaos and could act as an incentive for them to foreclose rather than find ways to help struggling borrowers stay in their homes.Proponents say it will prevent blight in neighborhoods plagued by abandoned, foreclosed homes.

Featured Property of the week: 376 165th Court, Bradenton, Florida 34212

Enjoy the best of East Manatee County in Rye Wilderness. This three bedroom, three bath, two story home with 3 car garage, a study/office and a bonus room in 2,684 square feet of air-conditioned space in Rye Wilderness. Master suite features tray ceiling, wood cabinets in bath with upgraded tile in shower with separate garden tub. Ceramic tile and carpet throughout. Field stone accents with tile roof and motor court entry in a beautiful country setting on an over-sized lot in a nature preserve. This home is a Short Sale.

Seven Local Boating Communities

1. Grand Mariner on Longboat Key. An exclusive gated yachting community, Grand Mariner consists of 14 luxury condominiums ranging from 3,150 to 3,600 sq. ft. A naturally protected private harbor offers 20 deepwater slips for vessels of up to 70 feet with power and cable, an 80-foot guest dock, and a small boat launching ramp. Amenities include a bayfront pool and spa, indoor reflecting pool with landscaped walk, resident's gathering room with balcony and fitness facility.
   
2. The Inlets at Riverdale. Nestled within hundred-year-old oaks and pines and surrounded by canals, the Inlets offers deepwater dockage and gracious homes in three distinctive neighborhoods: Hawk Island, featuring 29 estate size home sites with spectacular riverfront views; Harbour Walk at the Inlets, its latest treasure; and Bela Solé, a luxury waterfront community of 18 estate-size homesites. Amenities include tennis, playground, water park, fishing docks, canoe launch and nature trails.
   
3. Portofino on the Bay. Portofino On The Bay is a gated, maintenance-free community located on Little Sarasota Bay offering three- and four-bedroom residences in six model home designs featuring studies, lanais, two-car garages, second-story bonus rooms and double balconies. Amenities include boat slips with water access.
   
4. River Wilderness Golf & County Club. Located along the north shore of the Manatee River in close proximity to the Sarasota and Tampa bays, River Wilderness is nestled amid 1,400 acres of lush preserves. Offering an array of custom and maintenance-free homes, this private community features direct boating access to the Gulf of Mexico. Its 18-hole, par-72 championship Wilderness course, designed by Ted McAnlis, was rated one of Florida's Top 50 courses by Florida Golfer Magazine. The course is part of the Audubon Cooperative Sanctuary System.
   
5. Southbay Yacht and Racquet Club. Located between Sarasota and Venice, Southbay offers more than 350 custom homes, many along the Intracoastal, facing the marina or overlooking park-like greenbelt areas. Its deepwater marina encompasses 172 boat slips that can accommodate boats up to 55 feet in length. Amenities include lighted tennis courts, more than five miles of winding hardtop surface for walking, jogging and biking, and a large clubhouse with a ballroom, card and meeting rooms, exercise room and community pool.
   
6. Stillwater on the Bay. A gated, waterfront community on Siesta Key, Stillwater offers six homesites, four with bay views, and boat docks with lifts.
   
7. Waterlefe Golf and River Club. Waterlefe is set on 622 acres on the Manatee River. Amenities include 18 holes of championship golf designed by Ted McAnlis, a clubhouse, fitness center, dining, nature trails and boardwalks, canoeing, a 59-slip marina on the Manatee River leading to the Gulf of Mexico, and 160 private backyard docks. The Pointe family-gathering area features Wade's Wilderness Playground, picnic areas and a lookout tower.

Breaking American/Sarasota Idol news

American Idol finalist and Sarasota/Bradenton native Syesha Mercado brings her voice back home with a free concert on the Ca d'Zan terrace. Idol fans across America voted and made it clear on Wednesday night that the Booker High alum is moving into the top three of the singing competition. Syesha first makes a stop at her high school for a private concert before heading over to the Ringling Museum. Parking for the free event at the Ringling begins at 1pm. Ca d'Zan/The Ringling Museum of Art, 5401 Bay Shore Rd., Sarasota, 941-359-5700.

Sometimes words don't tell the whole story.... 1860 Hawkins CT.

March sales in Sarasota top 500 for first time since July 2007

Pending sales highest in a year, indicating improving market for summer Overall property sales in the local market for March 2008 topped 500 for the first time in eight months, according to statistics pulled from the Sarasota MLS system. There were 514 property sales reported in the Sarasota MLS, easily topping the February 2008 sales of 423. There were 344 single family homes sold by SAR members in 2008, along with 170 condominium units. This compares to 294 single family sales in February and 129 condominium sales, which means March saw an overall increase of 21.7 percent over February. Single family homes saw a small decline in the median sale price, from $285,000 in February 2008 down to $266,750 in March 2008 – a 6.3 percent decline. But condominiums saw a small increase in the median sale price from $230,500 in February 2008 to $235,000 in March 2008. “Once again, the local Sarasota market is proving its resilience, even as the state and national housing market statistics continue to show weakness,” said Helen Sosso, 2008 SAR President. “It is remarkable how our local real estate practitioners are weathering this downturn, and proving once again the value of a professional Realtor® during difficult times. As we’ve been saying for more than a year, this is a prime buyer’s market, with historically low interest rates, moderating prices, and an incredible, high quality inventory of homes on the market.” One of the continuing bright spots in the March 2008 report was the strength in pending sales, which stood at 674 – the highest level in the past year. In March 2007 pending sales were at 706. Pending sales have been edging upward since December 2007, when there were 374 pending sales. Pending sales counts the number of signed contracts in a month, and is a leading indicator of sales activity. There is a direct correlation between pending sales and closed sales that are reported in the following month or two. Inventory levels were lower in March 2008 at 10,025 single family homes, compared to 10,596 in March 2007, and down slightly from February 2008, when there were 10,035. Condominium levels also decreased from the March 2007 level of 6,180 to 5,702 in March 2008, but up slightly from the February 2008 level of 5,588. The days on market, which translates to the average time it took to sell a property, was at 152 days for single family homes, slightly higher than the 144 days in March 2007, but lower than the 160 days in February 2008. Average days on the market for condos was 181, a healthy drop from the 199 days reported in March 2007, and much lower than the 219 days in February 2008. The days on market reflects a quicker pace of sales, meaning the size of the current inventory should begin to decline going forward.
The local Sarasota-Bradenton MSA continued to fare better than the overall state. The MSA was down by 15 percent for single family home sales and 17 percent for condominiums, comparing March 2008 to March 2007. For the overall state, single family homes declined 26 percent comparing March 2008 to March 2007, and condominium sales were down 24 percent month to month. In fact, the smaller Sarasota-Bradenton market again sold more overall properties than the Miami market. There were 1,022 overall sales reported for the local MSA, compared to only 609 in Miami. The median sale price dropped by 18 percent for single family homes, and by 32 percent for condominiums in the MSA. This compares to 15 percent and 20 percent statewide in the two categories, respectively.

Sarasota Association of Realtors®

New Additions to Prudential Palms’ Jim Soda Luxury Real Estate Group

There have recently been a few newcomers to the Jim Soda Group at Prudential Palms Realty. Randy and Toni Huartson have re-joined Prudential Palms Realty as part of the Jim Soda Group. Randy (the Realtor) Huartson will serve as a technology specialist and Buyer's Agent, and Toni Huartson will specialize in basic staging and showing properties, client communications and administration. Kelly Zoller has joined the Soda Group as a specialist in technology and managing sales and listings in areas along the Manatee River. The group is named for Jim Soda, who earned Chairman's Circle Platinum honors for ranking among the top one-percent of Prudential's 65,000 agents nationwide in 2007, with sales of $24 million. The Soda Group closed more than $9 million through April 2008, nearly doubling 2007 sales.
Prudential Palms Realty

Featured Property of the week: 7628 HARRINGTON Lane Bradenton, Florida 34202

Excellence at it's BEST. Gracious and so well appointed is this Arthur Ruthenburg home. Quiet Preserve view and very private located in The Sanctuary at River Club. This home has four bedrooms and four baths. Charming living room provides a lavish entertainment area and the dining area is roomy but intimate for two or twelve. Well planned kitchen, oodles of storage. Luxurious master bedroom accommodates the most lavish furnishings. Fourth bedroom or BONUS with bath is perfect for guests or in-laws. A spacious family room is relaxation headquarters for your family. Fabulous Scenic pool/spa.

Virtual Tour: http://www.srqvm.com/7628harrinton.html

*If you or anyone you know are interested in this property please contact me and I will be happy to show or send more information.

First Time Home Buyers Class

Those looking to take advantage of lower home prices and interest rates to purchase their first home can get ahead of the game by participating in the home ownership training classes and prepurchase credit counseling. The free course, which is required for those seeking down-payment assistance, is being offered several times in May by the Center for Financial Independence (formerly known as the Manatee Coalition for Affordable Housing). The approximately five-hour course is 5:45 p.m.-8:30 p.m. May 8 and 15 or May 22 and 29. For those who need weekend courses, they are available May 17 or 31. Registration is required. Call #941-746-2115 for more information.

Sarasota Red Sox Again?

New and elaborate spring training facilities in Arizona and Florida are now the norm while some teams play in older ball parks such as the Red Sox' in Fort Myers, Florida. So you can understand why the Sox are exploring the idea of moving their spring training headquarters to Sarasota. Sox chief operating officer Mike Dee met with Sarasota officials recently after they called the team earlier in the month to ask about their interest once they learned the Reds were accepting a deal to relocate to Goodyear, Ariz.

Sarasota's old proposal for the Reds would have included a $41 million renovation of the Ed Smith Complex. The Sox seem to be looking for a new facility. There is a 50-acre parcel in Sarasota that could be used to build an elaborate complex, complete with a hotel, shops, restaurants, a dorm for minor league players, and other amenities. Play ball...

Real Estate Term You Should Know

READY, WILLING, AND ABLE BUYER

A purchaser of property, who is willing to buy on terms acceptable to the seller, and who further possesses the financial ability to consummate the sale. Producing such a buyer sometimes earns the broker a commission, even though a sale is not forthcoming.

Community Event at Sarasota Polo Grounds - Lakewood Ranch

Paws in Motion
Walk-A-Thon

WHO:
All animal lovers and their pets who want to raise money and have
fun doing it – Individual walkers, business/organization teams, family
teams…all are welcome!

WHAT:
Leisurely 1 mile dog walk, booths, entertainment, games
and contests.

WHERE:
Sarasota Polo Grounds
8201 Polo Club Ln.
Sarasota, FL 34240
(Take University Parkway east of I-75,
then south/right on Lorraine Road)

WHEN:
Saturday, May 17, 2008 (Rain or Shine)
Registration opens at 8:15 am, Walk-a-thon begins at 9:15 am

HOW DO I SIGN UP?
Visit www.humanesocietymanatee.org/pawsinmotion.asp for more
information and to download walker/team materials. E-mail walk@humanesocietymanatee.org if you have ~any questions.

What is Foreclosure?

Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. The foreclosure process can end one of four ways:

1. The borrower/owner reinstates the loan by paying off the default amount during a grace period determined by state law. This grace period is also known as pre-foreclosure.
   


2. The borrower/owner sells the property to a third party during the pre-foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.
   


3. A third party buys the property at a public auction at the end of the pre-foreclosure period.
   


4. The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure, via a short sale forclosure or by buying back the property at the public auction. Properties repossessed by the lender are also known as bank-owned or REO (Real Estate Owned by the lender).
   

Cows, Liberals, and Maple Syrup

In Vermont. Foreclosures in the state—known for cows, liberals, and maple syrup—stand at only 1 in every 154,779 homes. Keep up the good work...moo

Sarasota, Manatee and Venice Realtors join with Mid Florida MLS

Local MLS associations, Sarasota, Manatee and Venice are joining together with the Mid-Florida MLS to create a powerful regional Multiple Listing Service entity that will greatly enhance local professional REALTORS the ability to provide a wider range of services and products to the areas home buyers and sellers.

"Forward-thinking REALTOR associations nationwide are looking at consolidation of MLS systems,” said Joe Hembree, 2007 President of the Sarasota Association of REALTORS. “We’ve listened to our members, and I think we’ve made the right decision regarding the future of our MLS system. The consolidation effort strengthens our technology platform, improves our data exchange, and makes life much easier for our members.”

May Aston, President of the Manatee Assn. of REALTORS, is excited about joining MFRMLS. “It is something that our members have wanted for many years,” she says, “and it will provide us with many services that would be difficult or expensive to obtain on our own.

Currently, the MFRMLS member associations include the Bartow Board of REALTORS, East Polk County Assn. of REALTORS, Greater Lake County Assn. of REALTORS, Greater Tampa Assn. of REALTORS, Lakeland Assn. of REALTORS, Orlando Regional REALTOR Assn., Osceola County Assn. of REALTORS, and West Volusia Assn. of REALTORS. The new member associations will include Englewood Area Board of REALTORS, Manatee Assn. of REALTORS, Punta Gorda – Port Charlotte – North Port Assn. of REALTORS, Sarasota Assn. of REALTORS, and Venice Area Board of REALTORS.

Real Estate Term You should Know

FAIR MARKET VALUE
This is the amount of money that would be paid for a property offered on the open market for a reasonable period of time with both buyer and seller knowing all the uses to which the property could be put and with neither party being under pressure to buy or sell.

Interesting facts about Realtors

1. 39% of REALTORS own at least one residential property other than their primary residence.
2. 13% own three or more
3. 17% of REALTORS own at least one vacation home.
4. 11% of REALTORS own at least one commercial property.

Featured Property of the week: 1860 HAWKINS CT, SARASOTA, FL. 34236

Walk to all that's happening in downtown Sarasota, art galleries, shops, restaurants, theaters, & the waterfront. Every detail of this 2005 bungalow style home, inside & out, reflects thoughtful design & master workmanship. 3 bedrms suites, Chef's kit. w/Wolf range, granite counter tops, Brazilian cherry floors, cherry cabinets, fireplace, cypress ceilings & porches. Detached 1924 carriage house offers an artist's studio w/half bath, 2 car garage & a new guest apartment on the second floor. Add a private brick courtyard, tasteful landscaping, a white picket fence & you have the perfect in town hideaway. Price: $995,000.

Virtual Tour: http://www.realtor.com/realestate/1094608422/#Video

*If you or anyone you know are interested in this property please contact me and I will be happy to show or send more information.

Lakewood Ranch is Certifiably Green

Since 2005, every new village in Lakewood Ranch Florida is being built “green.” What this means, is that these new Lakewood Ranch homes now incorporate building products and techniques that result in a healthier, more energy-efficient, and environmentally responsible home. In addition, every home is certified by the Florida Green Building Coalition’s Green Home Standard.

As one of the largest green communities in the country, Lakewood Ranch appeals to buyers who want to do their part to lessen their homes' impact on the environment. The development works with 22 builders, all of whom are green-certified.