In other news of interest to Lakeland Local readers:
John Chambliss had a pair of articles on City of Lakeland projects: Lakeland Electric’s Troubled Unit 5 Back in Service After ‘Brain Surgery’ and Botched Job Evens Out for Lakeland.
Polk County Sheriff Grady Judd was in the news ACLU Seeks Sheriff’s Records on Donations to Churches [Matthew Pleasant] and in the minds of the public: Sheriff’s Priorities
High Speed Rail was in the news again: The Florida High Speed Rail Coalition was formed by the Associated Industries of Florida [Bill Rufty].
Senate Pres OK With Rail Rolling, if Biz Picks up the Tab [News Service of Florida]
A State-wide story: Cabinet to Rick Scott: No, you can’t veto our regulations
In local media news: Ledger Executive Editor Skip Perez bid farewell [Lenore Devore] but will suicide reports continue? There was one in the final Perez edition.
• New Maps for 2011
We’re refreshing our new Listings Maps for 2011. First, to make them easy to find we’re going to use this column to publish the maps. Second, we’ve changed the icons. A quick glance at the map will now tell you if a listing is a “short sale,” a “REO/Bank Owned” property, or one with no special sale provisions.
Double-Click an open area of the map to zoom in. Hover over a property to see more information.
• Map data and term information from Realtor Petra Norris:
A short sale is when a home owner owes more on their mortgage than what their home could sell for at the present market. Must you sell short? As the property owner, it is important to remember you still own your home. You hold the title to your property, and more importantly, you make the decision of what offers will be accepted or not. Your bank/lender/servicer does not own your property. For homeowners who can no longer afford their mortgage payment and don’t want foreclosure on their credit, a short sale may be their best option. Please click for more information on short sales.
A foreclosure is an action by the lender to take back your property. After the foreclosure process has been completed, a Judge issues a Certificate of Title and the Certificate of Title has been recorded with the Polk County Clerk of Courts. These bank-owned/REO properties are owned by the bank and are being handled by asset managers, who then hire area real estate agents to handle the listing and marketing of the homes. When buying a foreclosed home, the representation of an experienced local real estate agent is a must.