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Pinellas Property Online - News, Articles, Facts and Lists of homes in Pinellas County Florida

Pinellas Trail Video - A travelers guide

This video feature the highlights of Pinellas Trail for both locals and visitors to the Pinellas area.  It is a great way to see the citiesin an eco-freindly way.

 

 

Florida Mortgage Rates Lower again

Rates for 30-year home loans dropped for the third-straight week, getting closer to a record low reached earlier this year.  The 30-year fixed mortgages average rate was 5.14 percent this week, down from 5.2 percent last week. The rate for a 30-year mortgage averaged 6.26 percent one year ago at this time.

Falling mortgage rates can spur refinance activity, which increased as rates on 30-year mortgages fell to a record low of 4.78 percent in April.  With the new 125% refinancing options being put in place by way of the Obama administration, contacting your bank about refinancingis a good idea now.

This week, the average rate on a 15-year fixed-rate mortgage in Florida fell to 4.63 percent, down from 4.69 percent last week.  Average rates on five-year, adjustable-rate mortgages were 4.83 percent, up just a bit from 4.82 percent a week earlier. Rates on one-year, adjustable-rate mortgages fell to 4.76 percent from 4.82 percent.

These rates do not include add-on fees known as points.
The nationwide fee averaged 0.7 point for 30-year and 15-year fixed rate mortgages, and five year adjustable rate mortgages. The fee for one-year adjustable rate mortgages was 0.5 point. This amount translates to $5 isfees for every $1000 of loan taken out.

 

Pinellas Property Online Search

This site is full of the latest news about Pinellas Homes and affecting those that need information about Pinellas homes for sale.  This ste is maintained by a certified Realtor at Re/Max Metro in Seminole Florida: Danielle Kelley and her husband.   Danielle will handle all your personal realestate questons or needs.  Donovan spent 5 yearsin the mortgage business (and quit before it went bad) to give him a great deal of information resources for buyerssand sellers in Pinellas County.

To search for properties currently for sale or to list your home, please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it or register on Danielle's MLS Re/Max site.

The Left navigation menu will allow you to read news categorized by area.

A Live Chat is available most business hours M-F 9am-5pm EST

If a search of this site does not get you the information you want, please feel free to reques it at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

The newsand information on this site is accurate andcurrent, but please consult with a realtor before making any home buying decissions. It is in your best interests when making the biggest investment of your life, to be represented by a certified professiona realtor like Danielle Kelley,

 

Florida Foreclusures reach 3rd highest in the Nation

Foreclosures soared by nearly 15 percent in the first half of the year as more people lost their jobs and were unable to pay their monthly mortgage bills. The expanding foreclosure crisis affected more than 1.5 million homes in the first half of the 2009.

The data show that, despite the Obama administration's plan to encourage the lending industry to prevent foreclosures by handing out $50 billion in subsidies, the nation's housing woes continue to spread. Experts don't expect foreclosures to peak until the middle of 2010.

Foreclosure filings rose more than 33 percent in June compared with the same month last year and were up nearly 5 percent from May. More than 336,000 households received at least one foreclosure-related notice in June, according to the foreclosure listing firm's report. That works out to one in every 380 U.S. homes.

It was the fourth-straight month in which more than 300,000 households receiving a foreclosure filing, which includes default notices and several other legal notices that homeowners receive before they finally lose their homes. Banks repossessed more than 79,000 homes in June, up from about 65,000 a month earlier.

Florida had the nations 3rd highest foreclosure rate in the first half of the year

As of early July, about 130,000 borrowers were enrolled in three-month trial modifications under the plan, and 25 mortgage companies have signed up to receive potential payments of up to $18.6 billion, according to the Treasury Department. But analysts and housing counselors say it isn't having much of an impact.

 

 

 

 

Pinellas Location for Rays stadium still an Option

Tampa Bay Rays Stadium LocationsThe private group"A Baseball Community," (ABC) exploring the options for a new Tampa Bay Rays stadium held another meeting Thursday. The group, continues to review options for Tropicana Field in the Pinealls County Area. Reports from ABC showed renovating, rebuilding and selling the stadium were bad ideas right now.

The group is also looking for ways to gain business and fan support for the Rays. The group expects to have detailed reports on five potential sites by August. The sites are downtown St. Petersburg and Carillon in Pinellas and downtown Tampa, the Westshore area and the fairgrounds in Hillsborough County.  An analysis of each site would consider income levels in surrounding neighborhoods, population within a 30- to 45-minute drive and availability of land. They are also looking at the economic impact of the team on the Bay area and trends in stadium design. Officials stress that the meetings are only preliminary and that the Rays' lease with St. Petersburg lasts until 2027.

Rays spokesman Michael Kalt said:  "This has evolved into a community discussion about where, what is the future of major league baseball (in the Bay area) and where it is best positioned here,' Kalt said. "And there is a lease between the city and the Rays and ultimately the city is going to have to be a part of the discussion as are we, as is the whole community.'

 

Pinellas County Home Prices

Pinellas County Home Prices for the first week of July 2009

For a complete analysis of your desired area, please send your request to: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Zip Code |  Average Listing Price |  Median Sale Price

33786 $1,269,148 $412,500
33767 $774,173 $326,400
33704 $701,436 $230,000
33715 $642,360 $224,500
33706 $633,259 $279,500
33785 $575,530 $250,000
34681 $570,619 $316,250
34688 $552,232 $217,500
33701 $542,897 $187,500
33708 $478,284 $275,000
33756 $402,033 $110,600
33707 $382,561 $115,000
34685 $349,322 $196,450
33776 $344,130 $210,000
34683 $331,438 $152,000
33703 $315,785 $133,295
34677 $307,729 $153,500
34695 $287,693 $200,000
34689 $283,258 $161,450
34698 $276,994 $136,500
33777 $266,816 $150,950
33770 $255,672 $122,500
33710 $249,800 $115,000
33755 $248,345 $93,750
33761 $246,304 $124,900
33759 $244,647 $100,000
33778 $240,606 $106,450
33764 $225,348 $125,000
34660 $224,033 $1,527,000
33711 $223,997 $48,000
33774 $220,282 $110,000
33705 $219,768 $97,500
33716 $217,907 $202,300
33762 $216,844 $136,400
34684 $206,231 $121,000
33765 $202,907 $115,000
33702 $197,737 $92,000
33782 $194,885 $112,000
33772 $167,789 $163,500
34682 $165,000 -
33773 $151,314 $550,000
33781 $147,943 $121,250
33760 $144,128 $99,950
33713 $139,467 $78,457
33712 $135,530 $60,000
33771 $135,106 $119,200
34691 $134,441 -
33780 $124,900 -
33709 $123,940 $79,000
33763 $115,037 $98,000
33775 $115,000 -
33714 $111,195 $57,500
34690 $102,432 -
33733 $91,950 -
34692 - -
34697 - -
33757 - -
33758 - -
33779 - -
33731 - -
33737 - -
33743 - -
33784 - -
33744 - $300,000
 

Bellair Causeway Demolition today will close bridge, detour traffic

Bellair Causeway Demolition

A controlled and barely visible or audible explosion is scheduled this morning to demolish two bascule piers and their towers on the former Belleair Beach Causeway Bridge.

The detonation is scheduled for about 9:30 a.m. County officials said the only noise will be a "thud."

The new bridge and the Intracoastal Waterway will be closed to traffic intermittently from 9 a.m. to 4 p.m. during the demolition. Bridge traffic will be detoured south to the Indian Rocks Bridge at Walsingham Road.

The Sheriff's Office, assisted by the Coast Guard, will prohibit boats from entering a 2,400-foot safety zone around the demolition site. County officials said they are taking extra precautions for the safety of dolphins and manatees that might be in the area.

 

Pinellas Seniors qualify for Home Improvement Grants

Clearwater Neighborhood Housing Services Inc., which serves as facilitator for the Pinellas County Senior Home Improvement Program, invites seniors to apply for a home repair grant of up to $20,000. To qualify, you must be 62 or older and live in specific areas of Largo, Dunedin, Clearwater or Tarpon Springs. The program runs through Sept. 30. For information, call (727) 442-4155.

 

Buxton Properties deficit sends Clearwater condo, homeowner associations scrambling

By Lorri Helfand, Times Staff Writer

Bounced checks. Unpaid bills. Missing funds for future repairs.

Across Pinellas County, about 20 condo and homeowners associations are reeling from the news that the woman in charge of the finances for Buxton Properties, the company that managed their associations, has been accused of stealing about $1 million from their bank accounts.

Individual associations are out thousands, tens of thousands, even hundreds of thousands of dollars.

"It's just a sad state of affairs," said Michael Troutner, 62, president of the Sea Island North Condominium Association in Clearwater Beach, who estimated that his association was out $36,000.

Now, owners of the 15 units, many of them older, have been asked to pay a $400 assessment to cover daily bills after checks bounced and an elevator maintenance contract went unpaid, Troutner said.

Despite major losses to the associations, Brian Buxton, owner of Largo-based Buxton Properties, says he's one of his former finance director's biggest victims. "I'm more of a victim than much of the associations," said Buxton, 64. "It's devastated me, what she has done."

That comment doesn't sit well with Carl Boake, president of the Pasadena Point Estates Homeowners Association in Gulfport.

Catherine McMullen had the authority to write checks, balance books and make deposits without oversight, Boake said. "I don't think he took the proper steps to ensure the safety of his clients. And now he says he's a victim," Boake said.

Others blame Buxton, too.

"You can't just say that's the employee's fault," said John Streeter, a resident and former board member of the Arbor Heights Condominium Association in St. Petersburg. "There has to be some shared blame."

But some, like Cheryl Wonderly, president of the El de Oro Homeowners Association, sympathize with Buxton. "He's a wonderful, honest man who trusted the wrong person," Wonderly, 58, said.

McMullen, 47, Buxton Properties' controller, was arrested in March. The Pinellas-Pasco State Attorney's Office charged her with grand theft in April in connection with thefts that allegedly took place from 2006 to 2009.

McMullen, who had worked for Buxton for about seven or eight years, told Largo police that she shifted about $600,000 from various accounts to cover about $300,000 she had taken from Buxton for such things as a Dodge Charger for her son, dinners out, spa trips, and cell phone and credit card bills, according to Largo police Detective Lara Young.

McMullen appeared to be telling the truth about nearly everything but the amount she took, Young said.

"Our best estimate at this point is approximately $1 million in losses to the association accounts as a direct result of Mrs. McMullen's actions," said Buxton's lawyer, Sean McQuaid, of Battaglia, Ross, Dicus & Wein in St. Petersburg.

McMullen was released on $30,000 bail. Her pretrial hearing is set for Aug. 5. Calls to her public defender and McMullen were not returned.

No one noticed

Until McMullen's arrest, none of the associations reportedly noticed anything amiss. Neither did Buxton, he said.

McMullen provided Buxton and the associations with false bank statements that listed balances that were much higher than the amounts actually in the accounts, police records showed.

Buxton said he had trusted McMullen because of her positive work history as well as the background of her husband, Malcolm "Mac" McMullen.

An officer in the Army Reserve, Malcolm McMullen, who is on military leave, works as an accreditation specialist for the Largo Police Department. He is also a former spokesman for the Largo Police Department and the Pinellas County Sheriff's Office.

Buxton says his reputation, professional relationships and his business have been severely damaged by Catherine McMullen's actions.

"I couldn't feel worse about what she's done," he said. "I've built up relationships with all of these associations over the years."

And he still doesn't know the full extent of the damage to his business, he said.

Trying to recoup

Buxton said his company filed an insurance claim to recoup the losses, but it was denied.

"We're going to be fighting the denial," he said.

But rather than make the associations suffer in the meantime, Buxton suggested they file through their own policies, which protect against theft.

Such policies are required by state statute for condo associations, but not for homeowners associations.

"All the associations should be made whole," Buxton said.

But a couple of association leaders said they've had a hard time filing claims, either because of red tape or because it took awhile for them to be named as victims in the criminal case.

Others say it's clearly Buxton's responsibility to make things right.

Since late May, two associations, Pasadena Point Estates and Breezeway Villas in Pinellas Park, have filed suits against Buxton Properties and McMullen to recover stolen money. Pasadena Point Estates estimates losses at more than $100,000. Breezeway Villas says it's out more than $50,000.

Boake of Pasadena Point Estates said owners, who pay about $600 in dues each year, have been assessed an additional $500 to cover day-to-day bills.

"In these tough times, it's had an economic impact on each homeowner," Boake said.

A resident of the Sunfish Bay Condominium Association in Clearwater and Streeter of Arbor Heights have each filed complaints against Buxton as a licensed community association manager with the state Department of Business and Professional Regulation. The Sunfish Bay resident specifically mentioned the criminal charge against McMullen. Sunfish Bay estimated its loss at $300,000, a police report said.

Community association managers can be held responsible for actions of someone they employ, said Alexis Antonacci Lambert, press secretary for the Department of Business and Professional Regulation.

"We would look at that on a case-by-case basis," she said.

Discipline ranges from fines or additional education requirements to probation, suspension or revocation of a license, she said.

Streeter, who made his complaint before McMullen's arrest, said he was denied access to association financial records.

Buxton disputed Streeter's allegations, state records show.

The president of the Arbor Heights Condominium Association, John Winzenried, also discounted them.

Buxton said he has tried to keep everyone in the loop. His lawyer urged associations to be patient. Buxton has hired a forensic auditor, who is going through tens of thousands of transactions, and the process is laborious, McQuaid said.

Winzenried, who estimated his association was out $55,000, said the association has been working with Buxton but that he needs Buxton to be more communicative and to provide a full accounting soon so the association can file an insurance claim.

Things are tough, he said. Half of the owners of the nearly 180 units aren't paying their fees, and about a third of the units are in foreclosure or preforeclosure, he said.

"We were struggling before," Winzenfried said. "We're even struggling more now."