Real Estate

Bank of America Hosts Home Loan Workshop

JACKSONVILLE, Fla. -- More than 5,000 homeowners on the First Coast, behind more than 60 days on their loans, have been invited by Bank of America to explore options at a free mortgage outreach.

Bank of America says 400 homeowners registered to take part in the workshop being held at the Omni Hotel Downtown. 

"Our average loan workshop success rate is 30%," said Bank of American spokesperson Jessica Garcia.

Garcia says the rate would be higher for loan modifications except in many cases homeowners are missing some needed documentation.

William from Jacksonville Beach attended the workshop and said that was the case with him.

"That was kind of frustrating because I could have printed it out," said William who preferred we not use his last name.

Bank of America offers loan modification deals that involve lowering the interest rate and extending the length of the mortgage.

St. Vincent’s Clay County Announces Construction Update

St. Vincent’s Clay County Announces Construction Update

St. Vincent’s HealthCare has completed the site planning process and is submitting road plans to Clay County to begin the permitting process for its new hospital in Clay County, to be called St. Vincent’s Medical Center Clay County.  Our plans include the widening of Brannan Field Road in front of the property to accommodate extra turn lanes for traffic flow. The goal is to improve access to the hospital and adjacent medical office building.  Our next step is to submit plans for a site work permit, followed by the final building plans to both Clay County and the Agency for Healthcare Administration in Tallahassee in May.

Condo Conversions Bring Structure Problems, Headaches for Owners

JACKSONVILLE, Fla. --  While condominium prices are on the rise in Jacksonville, many condo owners are battling over condo-conversion problems.

Numerous apartment complexes were converted into condos across Florida before the real-estate slump, and problems with some of those conversions are not hard to spot. 

PICTURES: Southside Condo Problems

At the Reserve at Pointe Meadows off Gate Parkway, there are support beams everywhere shoring up the property.

It's been three years since the apartment-turned-condo alerted residents to structural problems. In that time, dozens of residents faced new problems, including foreclosure and liens on their homes.

Many of the residents said today they are concerned but would not elaborate.

July 2011 Real Estate Sales Results; Closed Sales Dip One Percent

July 2011 Real Estate Sales Results; Closed Sales Dip One Percent

The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for July 2011. Statistics encompass both single-family residential and condo sales.

Pending sales of 1,661 in July marked an 18.3 increase from a year ago; indicative of continued consumer interest in buying a home at today’s very attractive prices. Actual closed sales of 1,353 took a one percent dip from last July’s 1,367.

Local Builder Sees Improved Market; Buys Springfield Lots

Local Builder Sees Improved Market; Buys Springfield Lots


JACKSONVILLE - It's been a tough market for homebuilders.  There's been such a glut of existing homes on the market there was no need to build new ones.  But one local builder says he's seeing signs of life. "Sales have definitely picked up this summer," says John Wells, owner of Lowcountry Classics.  His company specializes in building replica homes from the 1920's and 30's in established neighborhoods like Avondale.

Historic John Gorrie Goes from Old School to New School

Historic John Gorrie Goes from Old School to New School

Transformed historic Riverside-Avondale landmark becomes The John Gorrie condominiums and are available for sale.

Purchased in February 2009 by J. Wayne and Delores Barr Weaver, the residences are the result of the restoration and renovation of the former John Gorrie Junior High School into condominium homes under the watchful eye and direction of Delores Barr Weaver, a tireless community advocate. Located at the corner of Stockton and College streets in the highly sought-after Riverside-Avondale neighborhood, homes at The John Gorrie a condominium, are priced from the low $100,000s for studios.

June 2011 Homes Sales Figures Released; Pending Sales Increase 34 Percent

The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for June 2011. Statistics encompass both single-family residential and condo sales.