A reserve price is the minimum price the seller will accept. This price is hidden from bidders. To win, a bidder must have the highest bid and have met or exceeded the reserve price.
®ALL OUR AUCTION AD PICTURES & PHRASES ARE COPYRIGHT PROTECTED VIA EBAY'S VERO PROGRAM and ANY copying of LIKE INFORMATION is prohibited and may result in your EBAY account being terminated upon VERO review.
TIRED OF MEAGER & RISKY INVESTMENT RETURNS ?
TIME IS TOO SHORT NOT TO INVEST TODAY !
Warren Buffett
"I will tell you how to become rich.
Be fearful when others are greedy. Be greedy when others are fearful."
- Warren Buffett
The current economic situation is in the buyers favor. Now is the time to "Be greedy when others are fearful." Buy now and save! Sit back and watch the value of your land increase exponentially!
PLEASE CLICK THIS LINK UNDERLINED IMMEDIATELY BELOW TO VIEW OUR NATIONAL ADVERTISEMENT FOR THIS ONE OF A KIND PORT CHARLOTTE HARBOR SGC ( SOUTH GULF COVE ) PARCEL ON BOATU.S.
AS OIL PRICES RISE ABOVE $100+ / BRL. & THE DOLLAR CONTINUES TO DEVALUATE AGAINST THE CANADIAN DOLLAR & EURO, YOUR BEST BET IS PRECIOUS METALS AND HIGH-END FLORIDA WATERFRONT REAL ESTATE
The fall, 2007 mortgage/credit crisis is creating many opportunities to buy well located land & lots at bargain prices. Rarely do buyers have the chance to buy at absolute market bottoms and land is the best way to participate when the Florida real estate market has it's price recovery. After the real estate boom that topped out in mid-2005 we are seeing the bottom of a price collapse that has reduced land prices 60 to 80 percent. Based on Florida's long term high growth rate from immigration, retiring baby-boomers, and others attracted to Florida's climate, beaches, and high employment growth, this chance to buy land at dramatically low prices will be the best we will see in our lifetimes. The need for well-located land is growing, Florida's population grew by 314,000 in 2007 and has grown by more than 2,000,000 since the year 2000. Florida created the most jobs of any state in 2006, with 211,400 new jobs. The October, 2007 unemployment rate was only 4.0 percent.
Price cycles are more extreme in land than other real estate. We are passing the low point of this cycle, which is down 60 to 80% from the summer, 2005 high point of the last cycle. Buyers at this point in the cycle can possibly make 100 to 150% or more when prices get back to the levels of the summer of 2005. Since prices at each cycle high usually exceed the previous highs, potential gains are excellent compared to most other investments.
Building lot values grow consistently over long periods of time because the population of Florida is growing by 300,000+ people/year and the amount of desirable, buildable land is shrinking. Land in South Florida and within a 30 minute drive of the coast is the most likely to increase in value because that's where 90 percent of the people want to live.
Lots don't give you management and maintenance headaches like rental properties and you can realize great deals in this buyer's market.
In our website you can find what you need to buy a great investment parcel or parcels while prices are at this temporary all-time low.
With the current Euro to U.S. dollar devaluation, Europeans buying Florida real estate is at an all-time high.
BUYER BEWARE!
AVOID TAX DEEDS LOTS FOR SALE ON EBAY
UNLIKE THE NUMEROUS PORT CHARLOTTE HARBOR WATERFRONT AREA TAX DEED LOTS BEING DECEPTIVELY & INCREASINGLY PROMOTED ON EBAY WITH NO TITLE INSURANCE PROVIDED & PAID FOR BY THE SELLER, OUR LOTS, AS THEY HAVE BEEN FOR OVER 10 YEARS,ARE NEXT TO GULF ACCESS & ACTUALLY IN ACTIVE PRIME NEIGHBORHOODS FOR THE VERY BEST
“RETURN ON YOUR INVESTMENT”
BANKS WILL NOT LOAN TO BUILD ON THESE TAX DEED ACQUIRED PARCELS & ALSO 99% OF THE TAX DEED LOTS ON EBAY ARE OUTSIDE OF THE CITY EITHER ON DIRT OR DILAPIDATED OLDER PAVED ROADS, SURROUNDED BY NO HOMES OR WORSE 1950’S STYLE DISTRESSED & EMPTY FORECLOSED HOMES WHICH IS WHY THE PRIOR OWNERS LET THEM GO BACK TO THE COUNTY TO BEGIN WITH, SUCH AS:
TGA (TROPICAL GULF ACRES), DISTRESSED LEHIGH ACRES, HARBOR HEIGHTS, THE VACANT ROTUNDA AREA OFF GASPARILLA ROAD & THE FORMER FAILED TERN BAY GOLF RESORT WHICH ARE ALL TAX DEED ACQUIRED PARCELS WHICH CANNOT LEGALLY BE ISSUED TRUE TITLE INSURANCE WITHOUT LEGAL ASSISTANCE REGARDLESS OF WHAT THE SELLER'S TITLE COMPANY SAYS AS THEY ARE JUST PUTTING EXCEPTIONS IN TO THE POLICY YOU ARE GETTING AFTER THE SALE TO BASICALLY MAKE YOUR POLICY NULL AND VOID WITH REGARDS TO FUTURE OWNERSHIP ISSUES.
THE OLD SAYING THAT “YOU GET WHAT YOU PAY FOR” HAS NEVER BEEN MORE TRUE J
ALSO, THE FACT THESE RECENT EBAY SELLERS ARE NOT WILLING TO PROVIDE PAID "LEGITIMATE" TITLE INSURANCE NOR ALLOW YOU TO PERSONALLY UTILIZE AN INDEPENDENT 3RD PARTY TITLE COMPANY TO ISSUE NON-TAX DEED EXCEPTED TITLE INSURANCE BEFORE PAYMENT IS MADE TELLS YOU, BUYER BEWARE.
This is from the Charlotte County Clerks office on Tax Deeds:
Do I get a clear title with a Tax Deed?
All properties sold at a Tax Deed Sale qualify under
“buyer beware”. The purchase of a Tax Deed Sale
does not warrant or guarantee clear and marketable
title. Note: Most title companies require the
property to go through a quiet title lawsuit for the
property to be able to have title insurance issued on
property bought by Tax Deed Sale.
What liens or encumbrances survive against a
property after it is sold at a Tax Deed Sale?
Governmental liens and judgments survive the
issuance of a tax deed and are satisfied to the
fullest extent possible with any overbid monies
from the sale. Governmental liens, not satisfied
in full, survive the issuance of a tax deed and
will remain against the property.
Florida Tax Deed Background
GENERAL WARRANTY DEEDS ON EBAY WITH INVALID/EXCEPTED TITLE INSURANCE POLICES BEING ISSUED
IMMEDIATELY ASK THE TITLE COMPANY IF IT WAS BOUGHT BY THE SELLER VIA A TAX DEED SALE
As the winning bidder at the tax-deed sale "auction" a tax deed will be issued to your EBAY SELLER from the Clerk of Circuit Courts.
A tax deed is a conveyed ownership interest in a property. Your Ebay SELLER's ownership interest is not exclusive; the names of prior owners are still attached to the property. It is for this reason that title insurance can not be issued on a tax deed ownership interest, even if there are no liens against the property. In essence you are joined in ownership of the property with the previous owners.
In the counties process of preparing the property tax deed to be auctioned, all parties having ownership or interest in the property are notified. If parties of interest do not come forward and pay the taxes they lose their ability to enforce “foreclose” the lien or mortgage. This holds true of inferior liens, mortgages and parties of interest.
Inferior Liens/Quiet Title
To remove these parties of interest and owners there are two options, your SELLER can hold the tax-deed for for 4 years or complete a quiet title action. A quiet title action is a civil action to remove “clouds of title” (owners, parties of interest). If your SELLER was considering quieting the title there are some pitfalls they should be aware of.
If you exceed 6 named defendants in a quiet title action the price increases due to increased clerk’s fees and advertising costs, which the attorney will pass on to you. If you have more than 20 named defendants in a case the cost will be substantial. A SELLER or BUYER may file a quiet title action for multiple properties with 18 named defendants and the advertising cost alone was above $1200. We have heard of horrible cases where it has cost $8,000 for an attorney represented quiet title action, for a single property, due to the number of owners and parties of interest to be named/notified.
Most these recent EBAY SELLER"S purchase tax-deeds with the intention of selling as soon as possible. If this too is your plan, stay away from properties which have more than 4 or 5 parties of interest found on the Clerk’s Affidavit.
If you intend to hold the tax deed for 4 or more years and the tax-deed is unchallenged by prior owners/lien holders during that time, you can forego the cost of a quiet title action. But if you intend to flip the property or the tax-deed is challenged, the only way to remove these parties is by quiet title action unless you sell the property without title insurance via quit claim deed. A copy of this document can be found on my quiet title action page.
A successful quiet title action will remove “clouds of title” which are those parties obscuring the view between you and your clear title. What this means is to remove clouds of title is to remove and nullify parties holding a legal interest in the property. When all superior liens are satisfied and a quiet title action is concluded the property will be eligible for title insurance and can be conveyed by warranty deed.
Convey Property Interest
If you intend to convey the property by quit claim or special warranty deed, excluding any warranty of title, you are within your rights to convey your interest in the property. In this instance a quiet title action is not necessary, but it is incredibly difficult to sell in this manner. Most educated buyers will require LEGITIMATE title insurance with no TAX DEED EXCEPTIONS and a warranty deed.
Superior Liens and Encumbrances
Superior liens and judgments do survive the tax deed issuance. They include liens, judgments or encumbrances levied upon the property or owners of the property by a government entity. The most common types of liens surviving a tax deed issuance include: municipal, city/village or township, county, state, federal or other jurisdictional body with the power to levy upon property. Purchasing a tax deed which has such a lien/judgment attached can be costly, but if you have the right strategy it may work to your benefit.
Superior liens/judgments/encumbrances will have to be satisfied by negotiating with the government agency holding the lien and will not be nullified by the issuance of a tax deed nor removed by quiet title action.
The most common superior liens/encumbrances I find are:
Board of County Commissioners liens for special assessments of water or road maintenance,
County Code Enforcement liens for mowing or debris removal,
IRS liens for unpaid income or sales taxes,
State of Florida/Treasury Dept judgments for unpaid support.
ALSO JUST VERY RECENTLY, Often these SAME TAX DEED sellers will FALSELY offer Title Insurance but will have Exceptions to Coverage in your Title Insurance Policy! There are standard exceptions in every policy, BUT exceptions entered for tax deed sales are UNIQUE AND PARTICULAR, NOT STANDARD. Carefully review exceptions in Schedule B2 of the title policy to ensure you know which items are exempted and therefore NOT COVERED by the Title Policy.
ASK BOTH THE SELLER & THE CLOSING TITLE COMPANY prior to bidding or buying IF IT WAS PREVIOUSLY ACQUIRED VIA A TAX DEED AUCTION AS WELL & WHAT EXCEPTIONS THERE ARE THAT LIMITS THE TITLE POLICY VALUE :)
WITH THESE TITLE INSURANCE POLICY EXCEPTIONS, THE TITLE INSURANCE IS MEANINGLESS & BANKS WILL NOT LOAN TO BUILD ON A
TAX DEED ACQUIRED PROPERTY !
DO NOT agree to BUY or PAY for ANY REAL ESTATE without THE SELLER FIRST PROVIDING LEGITIMATE Title Insurance, BEFORE FINAL Settlement Payment at CLOSING! Ensure that your closing agent or attorney explain any "TAX DEED exceptions" noted in Schedule B2.
A SELLER OFFERING TITLE INSURANCE AT YOUR EXPENSE 3 - 8 WEEKS AFTER YOUR PAYMENT IS MADE IS A CLEAR INDICATION THAT IT IS A TAX DEED PARCEL.
ASK THE TITLE COMPANY AS THEY HAVE TO DISCLOSE THAT FACT IF QUESTIONED !
THE SELLER WILL LEAVE YOU TO DEAL WITH THE PROBLEMS THAT WILL ARISE WITH THE TITLE COMPANY AFTER THE SALE AS YOU ARE PAYING FOR THE SERVICE & NOT THEM.
THE BUYER SHOULD ALWAYS PROVIDE CLEAR TITLE AND PAY FOR THE TITLE INSURANCE POLICY AS WELL AS THE ENTIRE CLOSING COSTS AS PART OF THE SALE.
WORSE YET, VERY OFTEN THEY ALSO OFFER A LESS EXPENSIVE CLOSING OPTIONS TO LET THEM PERSONALLY RECORD THE SALE WITHOUT A TITLE COMPANY INVOLVED & NO TITLE INSURANCE POLICY AT ALL.
Click on Spinning Banner Below for Local Area Slideshow
WHY INVEST IN FLORIDA LAND?
Florida has and will continue to be one of America's fastest-growing states.
By 2030, the population of Florida will have surpassed New York as the nation's third largest, according to the Census Bureau. Estimates show a gain of 11 million residents over the next 25 years. The latest census predictions show Florida's current population of 17.5 million approaching 20 million by 2010 and topping 21 million five years later. The highest percentage of people relocate in coastal areas making land investment in this area quite lucrative. About 40 percent of the projected growth will come from people 65 and older. The elderly will comprise 27.1 percent of Florida's population in 2030 -- up from 17.6 percent in 2000. Florida will be one of 10 states where retirees will outnumber schoolchildren. In 2000, children outnumbered people 65 and older by 840,000 in the state of Florida. But ...by 2030, the "under 18" population will be outnumbered by the older population (estimated at 2 million more older people than children). Florida's youth population will drop from 23 percent to 20 percent.
BE SURE TO VIEW THE NEW CHARLOTTE COUNTY INTRODUCTION
VIDEO AT THE TOP OF THIS AD BY CLICKING ON PLAY ARROW.
RECENTLY PUBLISHED
SUN-HERALD ARTICLE
1,000 Friends of Florida
There is a nonprofit group concerned about the future of Florida. This group goes by the name 1,000 Friends of Florida. They recently commissioned a study of what Florida might look like in 2060. They predict that the population and developed land in Florida will double over the next 50 years.
"With close to 18 million residents in 2005, Florida already is overwhelmed with the ramifications of rampant sprawl, rapidly vanishing natural areas, and overcrowded roads," according to the study. "What will Florida look like in 2060, when its population is projected to reach almost 36 million?"
A doubling of the state population will no doubt have significant ramifications. Our readers should be particularly concerned about population growth in Southwest Florida. Here's what the 1,000 Friends of Florida believe will happen in our community.
"Charlotte, Lee and Collier counties are expected to build out before 2060," the study states, "causing an almost continuous band of urban development along the southwest Florida coast and population spillover into adjacent inland counties.
"Large amounts of this spillover are projected for DeSoto, Hendry and Glades counties. These three counties are projected to experience the greatest transformation over the next 50 years as they go from largely rural to largely urban in character. The result will be an almost continuous urban strip linking Ft. Myers to West Palm Beach.
"The counties (in Florida) projected to undergo the most dramatic transformation, in rank order, will be Glades, Hardee, DeSoto, Hendry...."
So now we know. From Tampa to Daytona along I-4 and all the way south, coast to coast, we will be one big suburban sprawl -- a megalopolis larger than Atlanta or Los Angeles. At the forecast build-out, Charlotte will be four times the population it is today. Sarasota will be more than three times the current population. DeSoto will grow even faster.
1,000 Friends of Florida did all of us a great service by focusing on what the future of Florida will look like. There are significant growth management and tax issues which must be addressed. You can wring your hands, move to North Carolina, or you can use this opportunity to make money.
Ignore all the newspaper headlines, including ours, about the temporary slowdown in real estate sales. Ignore the buzz about the short-term decrease in housing prices. When this slow real-estate period is over, we are going to have another huge building boom. Buy now and forget about trying to purchase real estate at the exact bottom.
We are likely to look back at 2008 as one of the great real-estate buying opportunities in our lifetime. If you are on the real-estate sidelines debating whether this is the right time to invest - don't wait too long.
On Jun-04-10 at 13:00:21 PDT, seller added the following information:
Terms of Sale
I Expect All Winning Bids to be Honored
RESPONSIBILITY: Unless stated otherwise, full payment, including all shipping and insurance charges, is due via a payment method disclosed in this auction within 10 days of auction close. If not received, payment is considered delinquent 10 days after auction close.
COMMITMENT: I am committed to completing the transaction. I hold the winning bidder accountable for his/her winning bid. Placing a bid on this auction is a legally binding obligation.
ACCOUNTABILITY: Should the winning bidder become delinquent in settling the transaction, I reserve the right to pursue payment through the use of collection services.
COMPENSATION: Should the winning bidder default on completing the transaction, I reserve the alternative to assess and collect a restocking fee as compensation for fees and holding costs related to the incomplete transaction. The restocking fee will amount to $10 + 20 percent of the sale price.
Do Not Bid If You Do Not Intend to Pay
On Jun-05-10 at 18:58:21 PDT, seller added the following information:
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