Hey SHELLY...do you have a CHIP on your shoulder or something? 
Ponch Pushes the Panhandle!
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Hey SHELLY...do you have a CHIP on your shoulder or something?
Who? ME??? ......HA!...when it comes to infomercials....Estrada can't hold a candle to Ron Popeil! I'd like to see Ponch sell a Chop-O-Matic!!
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Seems like a better idea than the Arkansas dirt.
love how the local anchor cracks up as she mentiones that estrada is the shill.
This works better, zoom out.
http://qpublic.net/fl_washington?pa...581949&layers=roads+dimensions+parcel_sales#4
http://qpublic.net/fl_washington?pa...581949&layers=roads+dimensions+parcel_sales#4
OMG Ponch is back in the Real Estate News again!
This time it's about the CCI and Coast Bank debacle down in South Florida--a BIG TIME investulator's rip-off story unwinding as we speak. Here's an excerpt:
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"Hatch, a Millersville, Pa., resident who works for Penske Truck Rentals, is asking himself the same thing.
A few years ago, he bought a property from Seashore Resorts in the Hilton Head, S.C., area. The house was built, rented out and continues to provide him with a steady income.
With that success in mind, Hatch agreed to invest in another speculative property, one that CCI was supposed to build at 5031 San Ignacio Drive in Sebring's Sun 'n Lakes Estates.
That golf resort is owned and operated by National Recreation Properties, the Irvine, Calif.-based company whose TV spokesman is former "CHiPS" star Erik Estrada.
Hatch signed the $265,000 contract for the Sebring home on Dec. 20, 2005, and made a $5,000 downpayment. Seashore arranged a Coast Bank construction loan administered by American Mortgage Link, a Tampa company with close ties to CCI, Seashore and Coast Bank.
Almost immediately, Hatch was "taken aback by how poor the communications were" between builder, lender and himself, the customer.
Unable to get the information that he had requested about the construction schedule, he became concerned as long ago as May 17, when he received a letter from American Mortgage Link's Andrew M. Houghton.
In the letter, Houghton wrote, "In order to keep interest payments being made by CCI builders to a minimum, a minimal initial draw was given to CCI Builders to initiate the permitting process on your pre-construction home."
"The builder will be requesting a supplemental draw from your lender, Coast Bank of Florida. This draw can only be granted with your signed authorization ... please return this signed document," Houghton wrote.
A wary Hatch did not sign or return the document.
On July 7, Hatch received another request from Houghton, this time marked "ASAP." Hatch ignored it again.
So he was stunned to find in December that his account at Coast was drawn down by $110,000.
"I was freaking out," said Hatch, describing himself as "having a mental block accepting" what had happened.
"I will be damned if I take a $110,000 loan for a $30,000 lot," Hatch said Wednesday. "I'll walk away, let the bank foreclose and take the hit to my credit."
A visit to the site today revealed that property consists of only a concrete slab."
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Ponch is back in the Real Estate News again! This time it's about the CCI and Coast Bank debacle down in South Florida--a BIG TIME investulator's rip-off story unwinding as we speak. Here's an excerpt:
----------------------
"Hatch, a Millersville, Pa., resident who works for Penske Truck Rentals, is asking himself the same thing.
A few years ago, he bought a property from Seashore Resorts in the Hilton Head, S.C., area. The house was built, rented out and continues to provide him with a steady income.
With that success in mind, Hatch agreed to invest in another speculative property, one that CCI was supposed to build at 5031 San Ignacio Drive in Sebring's Sun 'n Lakes Estates.
That golf resort is owned and operated by National Recreation Properties, the Irvine, Calif.-based company whose TV spokesman is former "CHiPS" star Erik Estrada.
Hatch signed the $265,000 contract for the Sebring home on Dec. 20, 2005, and made a $5,000 downpayment. Seashore arranged a Coast Bank construction loan administered by American Mortgage Link, a Tampa company with close ties to CCI, Seashore and Coast Bank.
Almost immediately, Hatch was "taken aback by how poor the communications were" between builder, lender and himself, the customer.
Unable to get the information that he had requested about the construction schedule, he became concerned as long ago as May 17, when he received a letter from American Mortgage Link's Andrew M. Houghton.
In the letter, Houghton wrote, "In order to keep interest payments being made by CCI builders to a minimum, a minimal initial draw was given to CCI Builders to initiate the permitting process on your pre-construction home."
"The builder will be requesting a supplemental draw from your lender, Coast Bank of Florida. This draw can only be granted with your signed authorization ... please return this signed document," Houghton wrote.
A wary Hatch did not sign or return the document.
On July 7, Hatch received another request from Houghton, this time marked "ASAP." Hatch ignored it again.
So he was stunned to find in December that his account at Coast was drawn down by $110,000.
"I was freaking out," said Hatch, describing himself as "having a mental block accepting" what had happened.
"I will be damned if I take a $110,000 loan for a $30,000 lot," Hatch said Wednesday. "I'll walk away, let the bank foreclose and take the hit to my credit."
A visit to the site today revealed that property consists of only a concrete slab."
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