Manatee, Sarasota foreclosure rates drop in November

January 30, 2013 

MANATEE -- New data released Tuesday shows foreclosure rates in the Bradenton-Sarasota-North Port area decreased for the month of November over the same period last year.

According to data from CoreLogic, the rate of foreclosures among outstanding mortgage loans was 9.69 percent for November 2012, a decrease of 1.88 percentage points compared to November 2011 when the rate was 11.57 percent. Foreclosure activity in Bradenton-Sarasota-North Port was significantly higher than the national foreclosure rate, which was 2.97 percent for November.

The mortgage delinquency rate for the area also decreased. According to CoreLogic, 13.97 percent of mortgage loans were 90 days or more delinquent compared to 16.33 percent for the same period last year, representing a decrease of 2.36 percentage points.

Builders name Lifetime Achievement recipient

MANATEE -- The Gulf Coast Builders Exchange has named Joe Lovingood as the recipient of its 2013 Lifetime Achievement Award. Lovingood is a licensed real estate broker and general contractor. He has owned Joe Z. Lovingood Real Estate Investment and Management Corp., Lovingood Stone and Brick Inc. and Lovingood Brothers Construction Co.

Lovingood, a World War II veteran, served as presidential appointees in Africa and Central America during the Reagan administration. He has served on the Sarasota County Planning and Zoning Commission, and with numerous community organizations.

The award will be presented Feb. 15 at the Gulf Coast Builders Exchange Annual Dinner at Michaels on East. Tickets for the event can be purchased at or by calling 941-907-7745.

Manatee Realtors sell building to doctors

LAKEWOOD RANCH -- The Manatee Association of Realtors has sold one of the two buildings at its facility in Lakewood Ranch.

A group of doctors purchased the 7,585-square-foot administration building for the billing department, but will not fully occupy the building until the end of the year, the Realty group said. The association retains ownership of the 8,900-square-foot event center building.

Cyndi Myers, a commercial agent with Wagner Realty's Lakewood Ranch office, was the listing agent for the property. Debbie Anglin of Ian Black Real Estate represented the buyers. The buildings were converted to a professional condominium association to facilitate the sale. MAR purchased the property in 2006 and completed the two buildings in 2008.

First Watch restaurant opens in Wellington

MANATEE -- First Watch opened a restaurant Monday in Wellington, Fla. The new 4,064-square-foot restaurant, 2335 S. State Road 7, features an outdoor patio and holds an end-cap space in the Office Depot-anchored shopping center.

-- Herald staff reports

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