Largest Foreclosures In Lee County, Florida going to Auction

PRLog (Press Release)– Mar 07, 2011– Commercial and residential projects owned by Fort Myers-based property developer Grosse Pointe Development up for Auction in April 2011 and the Mortgage Amounts: $236.4 million on its Tarpon Point retail, hotel and residential community in Cape Coral $19.6 million on its Bell Tower residential community in Fort Myers $83.6 million on its Bonita Springs project, a AG Mine.

With a total loan value of almost 1/3 of billion dollars, the Grosse Point projects are costlier by over 100 percent than the previous foreclosure record posted by Bank of America who foreclosed on the Related Group's Oasis Condominium development in the Downtown Fort Myers River District. The B of A $157M filing ranks as the second largest ever in Lee County. A bulk purchase of 224 units in the Oasis Tower II for $36.7 million took place in February 2011. The buyer, Lofton Island Holdings is a partnership between Southwest Properties and Geosam Capital; both of which are located in Halifax, Nova Scotia. The failed Paradise Preserve in North Fort Myers is the third largest at over $72 Million, and will be going to sale this month via the United States Marshal at the Lee County Courthouse.

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Wert-Berater, Inc. is a Provider - USDA Feasibility Studies

PRLog (Press Release)– Mar 08, 2011– Under the Businsess and Industry programs, a feasibility study is a requirement for loan guarantees.  Wert-Berater, Inc. is a provider of these studies.

Wert-Berater, Inc. is an international advisory firm with over 400 professionals located throughout the world.  Offices are located in Chicago, New York, Poland, Romania, Jaco Beach Costa Rica, Tampa Florida, Denver Colorado.

You can learn more about Wert-Berater, Inc. by viewing the company website at http://www.wert-berater.com.

Please call 888.661.4449 for a quote on your project.

Wert-Berater, Inc. is in the business of providing valuations, business plans, feasibility studies and engineering and construction consulting. Offices are located in Tampa Florida, Denver Colorado, Las Vegas Nevada, Zurich Switzerland and Playa Jaco Beach Costa Rica. Our telephone numbers are 888.661.4449 USA and 41 43 456 9667 Zurich Switzerland. Website is http://www.wert-berater.com

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Stocks Fall in Early Trading

Stocks fell in early trading today as investors locked in profits after yesterday's rally and were met with gloomy earnings reports from several firms.

The Dow Jones industrial average was down less than 1 percent, or 30 points. The broader Standard & Poor's 500 stock index and the tech-heavy Nasdaq were also down less than one percent.

It is not unusual for stocks to slump after a rally as investors cash in profits. But the degree of the sell-off or whether stocks rebound later today could be a telling indicator of the depth of investor optimism that the market is ready to rebound from the financial crisis.

Bank of Canada cuts interest rate

Canada's central bank cut its key interest rate by a quarter-point on Tuesday, saying Canada needs the stimulus to ward off the effects of a United States already in recession and a global economy heading there.

The cut to 2.25 percent Tuesday follows an unscheduled half-point reduction Oct. 8 in co-operation with other major central banks in an effort to ease lending and boost the global economy.

Global Stocks Plunge as U.S. Crisis Spreads

Stock markets around the world plummeted yesterday as a financial crisis that began in the market for U.S. home mortgages spread to almost all corners of the globe.
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U.S. markets were closed for Martin Luther King Jr. Day, but all the world's other major economies experienced sell-offs. Stock prices fell more than 7 percent in Germany and India, 5.1 percent in China, 5.5 percent in Britain and 3.9 percent in Japan. Many countries experienced their worst market declines since Sept. 11, 2001, and the only country whose stock market rose was Sri Lanka.

Asian markets continued their steep drop today, with Japan down 4.4 percent in morning trading. As the market opened in India, shares fell nearly 10 percent, triggering an automatic halt to trading.