Members of the Club at Mediterra won’t accept the Bonita Bay Group’s liability for about $50 million in deposits made to the Bonita Bay Group, the club’s advisory board said Tuesday.
Bonita Bay, based in Bonita Springs, is a high-end developer with serious financial difficulties. It owes $120 million to a consortium of banks headed by [...]

Southwest Florida’s real estate market is down, but it has been down before and will recover because of the area’s attractive lifestyle.  That was the message from experts at a town hall meeting held this evening by the University of Florida Friends and Alumni of Real Estate at the Islamorada Fish Co. restaurant at the [...]

The sign on the wall in my high school football locker room read, “Failing to Prepare, is Preparing to Fail.” Never has this been truer if you are considering buying a foreclosed property today. There are many pitfalls that can befall the novice foreclosure property buyer. Failing to prepare in this case can cost you [...]

Property tax rates will stay the same for Lee County homeowners next year — at least for those who don’t live in one of the dozens of special taxing districts.  County commissioners voted Monday to establish the same maximum county-wide tax rate. They could vote to lower it at budget hearings in September but cannot [...]