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   Florida home and condominium foreclosures have gotten the major share of attention in the last couple of years, but a similar deluge of foreclosures took place in the boating industry last year. Repossessions continue to happen weekly although they have slowed from their peak in mid-2009. Vessels are repossessed directly from owners who can no longer make their payments, and from dealers who have gone out of business. The latter because they couldn’t meet the loan payments that they had to finance their inventory. Good deals abound for those who want to add a boat to their Florida retirement. As with foreclosed homes, condition needs to be investigated thoroughly before a purchase.

Boat-Chek.com will do an inspection of a boat anywhere in the country and report its condition. This will not replace a full blown marine survey, but can narrow a search to those worthy of additional investigations.

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     Where to Retire magazine is profiling Port Charlotte, Florida as a low cost haven for retirees in its latest issue. Last summer, Money magazine ranked Port Charlotte as the best place to retire in the country!  What is driving this acclaim are low real estate prices, in addition to all of the other amenities that Florida has to offer.  “Buyers can get a two bedroom, two bath condo for $50,000 or less or a single family home for less than $100,000” states the president of the local real estate association.  Some developers in the area are building new homes starting at about $130,000.  These prices are still being set by the backlog of foreclosures in the area.  In January 2010, one in 133 homes in Charlotte received foreclosure notices.  When this inventory is decreased, prices could resume their historical upward trends.

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