#615 taken by Fannie Mae

As expected Fannie Mae takes #615 for $57,800




On 11/10/06 unit #615, a 3/2, was purchased by Peachy Gayatin, now of Tempe, Az. for $168,200. NCC eventually filed on it for past due condo fees and it was sold at auction 6/18/12 to Gordon Harris for $9,500.

Now the original mortgage holder, Fannie Mae, has taken the unit back at auction and it will eventually be turned over to a local realtor to sell.  The sale price should be in the area of 45-55% of the original sale, or approx. $84,000 +/- a few thousand.

Office files 2nd Eviction Filed in 8 days

The desire for the Developer to keep his 56 units rented out has a very bad impact on the rest of the owners and residents of the other 112 units.  The Developer and the office (really the same thing) lets anyone with a pulse rent at NCC.  It is NOT surprising that it is necessary to file evictions to get rid of people who should never have been allowed to rent here.

While application forms need to be filled out to determine suitable background information for prospective tenants you have to wonder if the office bothers screening any of these applicants.  With NCC offering units as 'Low Income Housing' a lot of trailer trash drifts into the rental units.  Below are 2 units (3 people) who the office wants evicted.  One is in a Developer unit and one is in a NCC Owned unit.

The persons they want to evict seems to have a lot of baggage and this is just from taking a look at 2 Bay County sites that show court filings.  Looking is 'free' and takes perhaps a minute to input the name and get the results. 
Here are the free sites FYI: 
http://records2.baycoclerk.com/oncoreweb/Search.aspx and also https://court.baycoclerk.com/BenchmarkWeb2/Home.aspx

With only the 'free' background info available online for these tenants it seems foolish to have rented to them at all.  It would be clear to anyone that all three would end up as problems and they did.  I am  glad I don't live at NCCs 'Low Income Housing' anymore.   

Details on NCC being low income housing see:  http://nautiluscondosrules.blogspot.com/2007/02/local-income-based-housing-hits-beach.html

===============================================================

Even a quick check of the Bay County records would have shown a prior 2011 eviction plus quite a lot of other arrests listed for a Sarah Kahle (photo at left) as a defendant in 21 cases, many traffic and even 2 drug charges.  A records check for Cabera even show 9 cases under the name of Kasar Caberra, 2 open cases for battery and a prior eviction effort at NCC from 12/2011.

Judge:  WELCH, THOMAS F  Case Type:  County Civil  Status:  OPEN 
Case Number:  13001574CC  Case Number:  032013CC001574CCXXXX       
Clerk File Date:  6/25/2013  
DEFENDANT   KAHLE, SARAH    
DEFENDANT   CABRERA, KAESAR    
PLAINTIFF   NAUTILUS DEVELOPMENT PARTNERS, LLLP 
  6/25/2013 PAYMENT $205.00 RECEIPT #2013041246 
  6/25/2013 TENANT EVICTION ASSESSED $185.00 
  6/25/2013 CLERK TF/DOR SUMMONS ASSESSED $20.00 
  6/25/2013 JUDGE WELCH, THOMAS F: ASSIGNED 
  6/25/2013 COULD NOT PARSE DOCKET CODE TEXT FOR DOCKETCODE = PLATT 
  6/25/2013 CASE FILED 06/25/2013 CASE NUMBER 13001574CC 


Judge: CAMPBELL, TIMOTHY C Case Type: County Civil Status: OPEN
Case Number: 13001486CC Uniform Case Number: 032013CC001486CCXXXX
Clerk File Date: 6/17/2013   

6/17/2013  PAYMENT $195.00 RECEIPT #2013039105
6/17/2013  TENANT EVICTION ASSESSED $185.00
6/17/2013  CLK TF/DOR SUMMONS SC ASSESSED $10.00
6/17/2013  PLAINTIFF'S ATTORNEY: APPLEBAUM, STEVEN  ASSIGNED
6/17/2013  JUDGE CAMPBELL, TIMOTHY C: ASSIGNED
6/17/2013  PLAINTIFF'S ATTORNEY: APPLEBAUM, STEVEN  ASSIGNED
6/17/2013  CASE FILED
06/17/2013  CASE NUMBER 13001486CC
6/14/2013  EP - SUMMONS- TYKESSIA PATRICK
6/14/2013  EP - INITIAL COMPLAINT 

Tykessia Marie Patrick
401 Cape Cod Drive
Mugshots.com ID: 5947126
Name: TYKESSIA MARIE PATRICK
Age: 24
Race: Black
Gender: Female

Charges:	Name : TYKESSIA MARIE PATRICK Race : B,  Sex : F,  Age : 24 Date : 12/30/2011 Offense: NONMOVING TRAFFIC VIOL - DRIVE WHILE LIC SUSP 1ST OFF Agency : BCSO Offense: FRAUD-IMPERSON - FALSE ID GIVEN TO LEO Agency : BCSO

=======================================================================

Prior NCC Evictions by Nautilus Development Partners


0614 - Marciana Dyer, Oct 2012
1201 - Paula Blackwell and Kelee Page, Sept 2012
1003 - Daniel and Vivian Watts, July 2012
1505 - Mike and April Kagenski, June 2012
0614 - Samantha Franks and Christopher Sharpley, June 2012
1205 - Jennifer Nelson, June 2012
1208 - Kerry Franklin and Marlo Hamilton, Jan. 2012

#706 and #705 sold in May

#706 - On 5/22/13 the old Richard Tipton condo, a 3/2 sold to Michael Hughes for $90,000, it was originally sold on 11/14/06 for $174,900

#705 - On 5/6/13 the old Juan Reyes condo, a 3/2, sold to Brian D. Gibson of Camillia, Ga for $80,000, it was on the market for $81,370 by PNC Mortgage.

The original price paid by Reyes was $168,200 on Dec 11, 2006. The unit was initially foreclosed on by NCC for past due assn. fees and was held by NCC from 4/16/12 to 12/11/12 when the PNC took it back from NCC and later sold it to Mr Gibson for 47% of the original sale price.

#209 the former Christian Mullis 3/2 condo has now gone to Federal National Mortgatge Asso (Fannie Mae) on 5/10/13 from B of A who took it back from Mullis.

Bank owned condos are #403 HSBC Bank, #209 Fannie Mae and #305 PNC Mortgage.

What has changed hands so far this year?

 4 units were sold:
#705 (3/2) formerly owned by Juan Reyes, to Brian D. Gibson for $80,000.

#706 (3/2) formerly owned by R. Tipton, to Michael Hughes for $90,000.
 #1601 (3/2) formerly owned by Joshua Simmons, to Ted Georgekopoulos for $79,900.

#708 (3/2) formerly owned by Bill Harris, this blogs author, to Nautilus 708, LLC for $93,000. (this is the condo developer buying back a unit).

3 units went back to the banks/mortgage companies:

#305 (4/3) formerly belonging to Kevin Riley to PNC Mortgagte

#403 (4/3) formerly belonging to Neicy Diniz to HSBC Bank

#706 (3/2) formerly belonging to Richard Tipton to Federal Home Loan Mort Corp. (ie: Freddie Mac)

#403 now available for purchase at $99,900

#403 (a 4/3) formerly belonging to Neicy Diniz, then foreclosed on by HSBC Bank, was put on the market 6/5/13 (MLS #609783) for $99,900 which is 54% of the original price of $183,500 for the purchase 12/13/06 by Ms Diniz. I doubt that it will sell for this amount, it will probably go for about $90-92,000.

In an odd price increase the developer has 'raised' prices on units #214 and #1201. The units were not considered saleable at their old prices, so an increase seems very odd.

#214 was listed at $110,654 and is now $129,654.  (+$19,000)

#1201 was listed at $119,456 and is now $139,456.  (+$20,000)

The 56 unsold developer units have been available for some time for a bulk sale. I understand there was interest in such a purchase about 2 years ago. This artificial inflation of price may be an effort to make the units seem more valuable to any prospective buyer. There is no hope of any individual sales for these units, even at their earlier prices. 

Info from:  http://www.pelicanproperty.com/index.php

Bank of America is now owner of #702

BAC Home Loans had their Final Judgment for the old Norman Ussery unit #702 and it was sold via an internet auction at 11 a.m. on May 16th. 

 

As is common in such sales the mortgage holder simply bid $100 more than other bidders and took it for themselves.  The unit will be placed with a realtor for sale and should go for about 40-50% of the original sale price.

The unit was originally purchased 1/30/07 for $169,000 by Norman Ussery Jr.


The Next NCC Auction will be June 27th for #615

Final Judgement Entered on #615

On 11/10/06 unit #615 was purchased by Peachy Gayatin, now of Tempe, Az. for $168,200. NCC eventually filed on it for past due condo fees and it was sold at auction 6/18/12 to Gordon Harris for $9,500.

Now the original mortgage holder, Fannie Mae, has obtained a Final Judgement for $186,639.79 and the unit will be sold at auction 6/27/13 at 11 a.m. via internet sale. 

Sales of units foreclosed on by NCC for past due quarterly dues are generally worthless as the units can not be resold by whoever buys the unit. If Harris has managed to rent the unit out and collected more than the $9,500 he paid he might be ahead a few dollars, if not then he will have lost money.

The Georgekopolous, arrested again in Ohio gambling probe

In a continuing run of bad luck for NCC Owners George Georgekopolous, 38, of Massillon, Ohio (owner of #210) and Pete Georgekopolous, 41, of Massillon (owner of #513 under corporate name of Elite Enterprises) are back in the news for additional recent Ohio gambling arrests. The Georgekopolous' brothers own six units in total at NCC, 4 under the name of Ted Georgekopolous who is not named in any Ohio court proceedings.

Details at: http://georgekopoulos.blogspot.com/ For further Georgekopolous info scroll down a few posts or just put Georgekopolous in the 'search' box at the top of this blog site.

I see that Pelican Realty, the real estate firm for the developer, is still offering their 56 unsold units for sale.  For example #1201, a 4/3 is offered at $109,456 and #1116 a 2/2 is going for $100,675.
See:  http://pelican.manageagent.com/g/v/b83b125d5f0b01595d/43ba06075150/c78a5407085352

Those prices are unrealistic given that foreclosed units here are going for 40-50% of their original sale prices.  The developer is also still trying for a bulk sale of all his units.  An attempt two years ago fell through but new efforts may move them later this year.

Owner Occupancy Continues to Drop

A year ago owners who actually occupied their units was about 1 in 7.  This has now dropped to 1 in 8 units being actually occupied by the owners.  While figures vary a bit there are now about 21 owners living on site, down from about 28 last year at this time.

Many original owners are simply letting their units go in foreclosure and moving away.  This actually makes sense as units purchased before the realty bubble burst are just a monthly drain on their owners and it will be many many years before they can be sold anywhere close to what the original purchase price was. 

So congratulations owners, you now own a condo in a rental property and remember that 56 condos remain unsold and are rented out by the developer.  The developer actually owns 1 additional unit which is titled under Nautilus 708, LLC.  This is the condo they bought back from me in January for $93,000.

For those who do not follow the blog regularly you might wonder why they bought #708.  They did so because I was running for the BOD on a firm platform of getting rid of Concord Mis-Management LLC and getting both a decent management firm and also a lawyer who was not in the hip pocket of the developer and Concord.  Now I am gone, and glad to be gone, and they can keep Concord for another 3 year contract.

Wells Fargo files on #509

The original owners of #509 (a 2/2, 2nd floor unit) William and Lana Goldston, of Virginia Beach, Va., were filed on 3/28/13 by Wells Fargo in a Foreclosure action.  The 30 year mortgage was originally by Wachovia for $139,400. 

The unit was purchased 11/16/06 for $154,900.

I regularly look at the Consumerist.com site and found an interesting article about HOA's that put me in mind of what I have heard about the problems at NCC. Here is the link to the article and video.

HOA Bans Just About Everything Fun A Kid Might Do Outside

http://consumerist.com/2013/03/18/hoa-bans-just-about-everything-fun-a-kid-might-do-outside/

Fortunately I am now gone from NCC these last 2 months so I don't have any real imput into what has been going on with 'our' kids, except that it seems they have gotten out of hand again. Yes, again, we had problems around 2008/9 when there were a group of older teens on the property and were also causing problems. 

If you have an interest in this take a look at this site for details on NCC's kids particularly the 2/22/13 post and reply to it:
  http://www.apartmentratings.com/rate/FL-Panama-City-Nautilus-Cove-Condominium-1602143.html#axzz2NuWWJNze

#705 goes back to the mortgage holder

 

As is quite normal for such sales when the foreclosure is done by a bank or mortgage company the condo went to the mortgage holder.  Now and then you will get a 3rd party who will place a bid, however the bank or mortgage firm will always counter bid, right up to the amount owed on the loan.

Usually the foreclosure will go for a token $100 to the mortgage holder.  When the Assn. filed foreclosures, 2 of 7 units were purchased by individuals bidding on them and paying the past due condo fees, but when the foreclosures are done by banks or mortgage companies they want the units back and will keep bidding for them.

Now this unit will be placed with a local realtor and within 20-30 days you can look it up on various realty sites and see what the price being asked will be.  It should be about the $80,000 range.  Such low ball prices on foreclosed units make it impossible for other owners to sell their units.  So if you have a 3/2 where you paid $165,900 before the realty bubble burst and you are now willing to take a loss and try to sell for $100,000 you won't sell it.  You are in competition with those foreclosed units and there seems to be no end to them.  Here is the next auction FYI:

Auction Starts 03/26/2013 11:00 AM CT
Auction Type: FORECLOSURE
Case #: 12000819CA (Neicy Diniz)
Final Judgment Amount: $154,401.16
Parcel ID: 40000-100-052
Property Address: 13700 PC BCH PKWY 403
PANAMA CITY BEACH, 32413
Assessed Value: $78,400.00
Plaintiff Max Bid: Hidden

Additional Info lower down this blog at:
http://nautiluscondosrules.blogspot.com/2013/01/foreclosure-filed-for-105.html

#705 As Is, REO/Foreclosed

You might recall that unit #705, a 3/2 ground floor parking lot side, was very briefly 'our' unit, when we stepped in front of Deutche Bank and took it over for past due condo assessments. Now this old Reyes unit is back on the market under MLS #607197 and is offered at $81,370. It will probably sell for less than this but go quickly. 
Here are just 2 prior posts about #705:
http://nautiluscondosrules.blogspot.com/2012/10/the-chickens-are-coming-home-to-roost.html and
http://nautiluscondosrules.blogspot.com/2012/11/nov-28th-ncc-will-lose-condo-705-at.html

Foreclosure filed on #104

Green Tree Servicing filed 'Lis Pendens' 3/1/13 on Unit #104, Roberta Jones, Case Number: 13000418CA. 

Increasingly the 'old' owners at NCC are simply letting their units go as many have become dissatisfied with the condo and of course many have mortgage payments greater than what they can rent out their units for. 

I have said for years that it makes no sense at all to deplete your savings by pouring money into units that are in many cases worth only half (or less) than what you paid for them. 

This particular unit had been on sale and listed with a broker for some time and the price has gradually come down but not enough to compete with those similar units which were foreclosed and going at 40% of original price.  The 4/3 unit was purchased 12/12/06 for $184,900.  It was as low as $89,900 (48.6% of OSP) and was unsaleable even at that price.

I was fortunate that my run for the 2013 Board resulted in the developer deciding to buy me out for 93k (56% of OSP) when such units as mine would probably bring only 80k. So despite taking a 78k loss on my unit, I ended up much better off than most owners who would like to sell but can not find a buyer.

2nd NCC Lien for #101

On 2/21/13 NCC filed a lien for $2,466 against Salman Ali, owner of #101. This 4/3 unit was originally purchased 10/16/06 for $179,900, yearly taxes run $1,685. NCC also has a 2nd lien for $1,670.75 filed 7/1/10.

Mr Ali was also the subject of 2 State of Florida Dept of Revenue liens, one in 2008 for $4,536 and one in 2011 for $2,209, each for non payment of 'sales/use tax'. Both of these liens were subsequently satisfied.

========================================

Information is easily available to readers -

The 2013 Budget information and minutes of Annual General Meetings and BOD Meetings going back to April 2006 can all be found using this direct link at:
 http://nautiluscondosrules.blogspot.com/2009/03/minutes-of-december-08-annual-general.html .

Former NCC Owner Found Guilty

Driver found guilty of vehicular homicide

"PANAMA CITY — A Panama City Beach man was taken out of the courtroom in handcuffs after he was convicted by a jury of running down a 22-year-old Macedonian woman in 2011.
Jeremiah Cahours, 32, hugged tearful loved ones after the jury convicted him of vehicular homicide and leaving the scene of an accident involving death. Jurors didn’t buy his testimony during the trial Thursday that he didn’t know he had hit Marija Kostova because his passenger distracted him by exploding an illegal firework inside his moving vehicle, and convicted him after deliberating about an hour.
Prosecutor Bob Sombathy said Kostova’s family had expressed some disappointment with the justice system after no one was arrested in the case for nearly a year.

Family members were unable to travel to Panama City from Macedonia, but Sombathy hoped the verdict would comfort them . . . Judge Michael Overstreet ordered a presentence investigation and scheduled a hearing to sentence Cahours on April 1. Cahours could be sentenced to 30 years for leaving the scene of a crash involving death."

Full article at:  http://tinyurl.com/azlo693  
The charge was: 
12001541CFMA Vehicular Homicide, Killing of Person/Viable Fetus with Vehicle, $25,000 bond posted.

Jeremiah Paul Cahours was the former owner of #307, initially purchased with a Chase loan on 11/17/06 for $199,900.   2 NCC Liens had been filed for past due condo dues and on 10/27/09 a foreclosure was filed by the mortgage company and #307 eventually went to Fannie Mae on 2/14/12. It was resold 5/25/12 for $101,900 to Feng Huang.

At one time both Cahours and Scott Hupp (#515) filed suit against NCC for the thefts of their expensive motorcycles at a time when the condo entry gates were broken for months and the cameras were not working.   This was settled by the insurance company with a confidential settlement and the case was dismissed 11/3/10.

Is #205 Jinxed?

Regular readers of the blog might recall that #205 was once owned by Dr Michael Reed. As reported he ended up pushing some time (see below) but he is now not only 'out' but has been approved to go back to the practice of medicine.

The unit was foreclosed and then was one of 5 units here purchased by the Georgekopoulos' who themselves are now facing serious internet gambling charges in Ohio (see: http://georgekopoulos.blogspot.com). Perhaps #205 is a unit to avoid?  
 
Here is the earlier blog report from 9/9/10  FYI:

"NCC Condo Owner Must Do 57 Months -

3-judge panel denies Reed appeal
A federal court has upheld the 57-month sentence imposed on Dr. Michael Reed, the owner of condo #205. He is a local surgeon who pleaded guilty to a federal drug conspiracy charge last year.

Reed was found with a kilogram of cocaine at his residence when he was arrested. He was accused of using half of the kilo for personal use and selling the other half with the help of co-defendant Hector Melara. Eight people were charged in the case.

A three-judge panel of the U.S. Court of Appeals 11th Circuit ruled Thursday that the judge was within his discretion when the sentence was handed down.

On 3/15/10 Nautilus Cove filed a lien for $3,827 on his unit, additional missed quarterly payments make the amount owed $5,211."

-------------------------------------------------------------------------------
See additional 2/1/13 details at:
http://www.newsherald.com/news/crime-public-safety/released-from-prison-surgeon-reed-gets-license-back-1.88903?tc=obinsite

NCC Units at auction on 3/15 and 3/26

Judgment was given today 2/4/13, on the Foreclosure for #403, Neicy Diniz, in the amount of $154,401.  This unit is to be sold at 11 a.m. 3/26/13 to the highest bidder.  NCC has an existing lien on 403 for $2,470 from 9/26/11.  Diniz owned both #403 and #103, both purchased in Nov and Dec 2006 for $183,500 each.

A 'Lis Pendens' was filed 1/31 by BofA on Unit #105, David W. Turner. This 4/3 condo was originally purchased for $184,900 on 10/18/06 with a 30 year Countrywide Mortgage of $147,920.  It has been listed as a 'short sale' for many months at $95,000.

NCC has filed 2 liens on the unit for non-payment of dues: on 12/3/08 for $1,383 and on 10/15/12 for $3,267.

Mr. Turner ran for the BOD at the 12/20/10 Turnover Election the results were:   J. Jones 16, D. Turner 5 and None of the Above 1.

Also:

2nd time at auction for #305.  A $121,293 Judgment against Kevin Riley of unit #305 was entered 1/29/13 for PNC Bank and the condo is set to be auctioned on 3/15/13 at 11 a.m.

This is the old Patricia Kristoff unit and was purchased 10/18/06 for $188,900.  It was then foreclosed and went to US Bank National Asso on 11/24/09 for $51,000 and then sold to Riley 4/7/10 for $110,500.

=================================================

NOTE:   THIS BLOG

CONTINUES - CLICK

ON THE BELOW LINK

"OLDER POSTS" AND

CONTINUE READING

Now you know

Q.  How many condo units are there in Bay County?

A.  There are 19,109 condo units in Bay County.

More Gate Problems

Friday morning our entrance gate was kaput again. Looked like someone hit it and knocked it off its track. The gate was subsequently opened. Possibly the security camera will show who or what hit the gate.
 

 

 

Even before the Friday problem, on Thursday 1/10 the gate was not working correctly, here 5 of us were lined up to try to get through the gate. (yes it is 5, there is one vehicle in front of the white one - you can't see it, only its shadow on the ground)

Watch your speed on Back Beach Rd!

Thanks to a resurfacing project that will last into 2014 the normal speed limit of 55 MPH has been lowered to 45 MPH on Back Beach Rd (PCB Parkway) from the Hathaway Bridge on the east to the Phillips Inlet bridge at the Walton County line.
This has the potential to be the newest speed trap in Florida, so be warned that the road in front of NCC is being heavily patroled 24 hrs a day.
See article at:
http://www.newsherald.com/news/crime-public-safety/enforcement-up-as-speed-limit-drops-on-back-beach-road-1.75988?tc=cr

#1115 foreclosure filed by Hancock Bank

On 1/8/13 Hancock Bank filed a Lis Pendens (Foreclosure) on unit #1115 owned by USD Enterprises, LLC, Kevan K Miles CEO.  The 2/2 unit was purchased 11/1/07 for $146,000. 

Mr. Miles is also the Manager of Herbafex, Inc, which owns unit #803 and this firm has been the on again/off again landscaping firm used by NCC. Currently we are not using them. 

Herbafex is also being sued in Bay County Court for 'Contract/Indebitness' in a 3/30/12 case.

A job for the next Board of Directors

The Pinellas Beaches Patch reported on 12/20/12 about the 45-year-old chief financial officer at a Tampa Bay realty company who now faces a first degree grand theft charge for allegedly stealing $560,000 from 10 beach condo associations.

When NCC went through 'turnover' and we took over effective control of the condo from the Developer our Board should have arranged for an audit of our accounts.  You may recall that in 2010 the Developer had commingled our condo funds with his own accounts and this was only brought to light when I complained to the DBPR in Tallahassee that Concord was not making any reply to my complaints about the situation.

The matter was resolved shortly after my DBPR complaint and I was told that the Developer and Concord did an audit and the funds were restored to us.  Details at:  http://nautiluscondosrules.blogspot.com/2010/12/dbpr-complaint-information.html

It is past time for us to have an independent audit now that we are in control of the condo and NOT rely on either Concord or the Developer with assurances that all is well.

Long term Owners here may recall that both a prior NCC Concord CAM and later also a District Manager were fired by Concord for financial issues, the above mentioned one concerned our misapplied funds the other may have involved only Concord money.

Wanted: New Lawyer for Condo Association

With the new Board of January 2013 we need to secure our own independent legal representation. 

The firm now used, Hess and Applebaum PA, also represents the condo Developer and Concord Management, a clear conflict of interest with them also representing us, and they have on multiple occassions given questionable advice to the Association and they could not be relied on to give independent advice if we contract for another management firm.   

I have looked for some condo lawyers and the below 3 which I suggested to the Board, all are experienced condo lawyers.

Since the first two of these are major legal firms either would be well qualified to assist in a change of management firms in 2013.  Both have very interesting Q and A sections about condo issues.
 
The 3rd is a smaller local firm which is very familiar with NCC and was the firm I used in my 3 year litigation against the Developer controlled Boards for permitting violations of our rental requirements here at NCC.

Becker and Poliakoff
Paradise Village
348 Miracle Strip Pkwy SW, Suite #7
Ft. Walton Beach, Florida 32548
http://www.becker-poliakoff.com/community-association-law

Sachs Sax Caplan, P.L.
660 E. Jefferson Street, Suite #202
Tallahassee, FL 32301
http://ssclawfirm.com/community-associations

Daniel W. Uhlfelder, P.A.
124 East County Highway 30-A
Santa Rosa Beach, FL 32459
http://www.dwulaw.com

Gate Info FYI:

Gate Code Change/Courtesy Officer Change 

Beginning Dec. 31, 2012, Nautilus Cove Condominiums will no longer have a Courtesy Officer to respond to complaints or other issues. The current telephone number will be inactive at that time.

Please call the Panama City Beach Police Department with any issues that might need police intervention or attention.  Otherwise, contact the office with your concerns.

The individual gate codes are also be eliminated, and a new gate code will be issued at the beginning of each month. Beginning Jan. 2, the gate code will be #5287 for the month of January.

With the Courtesy Officer being done away with it is up to all residents to keep an eye out for safety here at the condo!

 

PCB plans for Snowbird Influx

The News Herald has a long article of interest to Winter Residents titled: "Full calendar planned for Snowbirds"   (The word count is 1,162, read time about 5 minutes)

While our big season for tourists is summer based we do have an influx in the early part of the year for our part time residents and this includes a few at NCC who come to avoid the bad weather further north. 

The activities are open to anyone, full or part time residents. 

The article also provides a '2013 Snowbird Calendar for January and February'

Take a look via the direct link at: http://www.panamacity.com/entertainment/news/full-calendar-planned-for-snowbirds-1.75115

You want NCC Information?  You came to the right place!

Want to read thew 10 page Concord Management Agreement? Go to: http://tinyurl.com/39sy3cy and take a look. It was signed 10/4/10 and runs until 10/3/13 at which time I hope we will get rid of the 3rd rate Concord management firm and get a decent firm to run the complex.

For Your Information: 
You can see current and past Owners List's, Delinquency List's and old condo newsletters at:  http://nccownerslist.blogspot.com/ and you can click on this direct link to see the meeting minutes for the last 6 years:   http://tinyurl.com/66zdaor, for 185 NCC photos see: http://nautiluscondo.blogspot.com/
also look at:
By-Laws of NCC - http://tinyurl.com/37vbqkz
NCC Articles of Incorporation - http://tinyurl.com/34wp8pj
Rules and Regulations - http://tinyurl.com/39lbjwl
Declaration of Condominium - http://tinyurl.com/7mkbshl
New 10/4/10 Condo Management Agreement - http://tinyurl.com/39sy3cy
Old Condominium Management Agreement - http://tinyurl.com/3x8963n
Balance Sheet of 10/2010 -  http://tinyurl.com/2d4oh4j
6 NCC Newsletters:  http://nautiluscondosrules.blogspot.com/2011/09/blog-post.html

Newsletter Available:
For those who did not get a copy, the condo newsletter for the 1st Quarter 2013 is available, along with most of the past newsletters at: 
http://nautiluscondosrules.blogspot.com/2011/09/blog-post.html

Rental Competition Concord vs. Owners

Owners renting our their units find themselves in competition with those 56 unsold developer units being rented out by Concord Management.  Concord is both the Condo Associations management company and the developers rental firm.  In my opinion they spend far too much time working for the developer and not enough time working for the Association.

Generally renting from an Owner requires less paperwork and it will probably get you a unit in a nicer part of the complex, the lower prices of the Concord/Developer units give renters a savings and almost a half price Security Deposit making it cheaper for renters to go with the developer units.
 
The office has assisted owners in renting out their units, but their main interest is in getting the developer units rented and at the lower Concord prices/deposits those obviously fill up first.  Below are links to various Concord sites including one with their 'Resident Handbook'.

Can an owner rent out their units?  Sure they can, but probably not until the Concord units are full and if they go head to head in pricing it might be difficult to break even.  Owners renting out their units might mean taking a loss every month depending on what their monthly mortgage payment is.

For prices see Concord at:  http://tinyurl.com/3tmf5gl
and http://tinyurl.com/3z4nae7
See the 17 page Concord Resident's Handbook at:  http://tinyurl.com/3fmay5y

Just 3 years ago -

 

Developer prices for a 2/2 are now $65,900. 

 

See prices at:  http://tinyurl.com/cyxdeqy

A new Owners List is available, use this link for direct access to the new one and others going back several years: http://nccownerslist.blogspot.com.  Only the first page of 4 is shown on the blog due to space limitations, the full list is found at the above link.

Where are NCC Owners from:
FL 71, GA 11, TN 7, AL 5, OH 3, NV 2, LA 2 and 1 each from: MN, NE, NJ, MO, MI, CO, VA, CA, MS, KY, Unk

For larger image, right click, then open in new window-

UPDATE: 23rd Street Wal Mart opens Wed. Jan. 23rd

"The doors open at 8 a.m. Jan. 23," said Wal Mart Manager Cobb said. "We are expecting huge crowds. The community response has been awesome."

"We actually took possession of the contractor on Dec. 10," he said. "We just finished putting in the fixtures and we are getting in the nonperishable items. It takes about a month to stock" a supercenter Cobb said the former store on 23rd was a "division one store," which was a "general merchandise" store but "This is a Supercenter and this has a bakery, a deli and an area for frozen foods and dairy," he said.   Package liquor also will be available. "This is a 99 percent new building,"

About 250 associates already have been hired to work at the Panama City store, but the company would look to hire about 25 more people, Cobb said.

Cobb said the Workforce Center at 625 U.S. 231 is now looking for applicants for the upcoming Wal-Mart at Pier Park, which is under construction across from Target. Applicants for either Wal-Mart also can apply online at careers.walmart.com.



The old Wal-Mart on 23rd Street is being reopened on 1/23/12 as a Super Center with 265 associates for the expanded store, which will have household, clothing items and groceries, including fresh produce, meat and deli items. There will also be a garden center.  

The reopened store has expanded to include the next door Fashion Bug store.

The Wal-Mart store has opened a temporary hiring center at the Workforce Center, 625 Hwy 231, open 8-5 Mon-Fri. Applications can also be submitted online at: www.careers.walmart.com

Most of the new associates will start work in December to prep the store for its 2013 grand opening.   The store manager is Tim Cobb.

The old Wal-Mart, which opened in 1987, was replaced by the large Lynn Haven store which was at the time the 4th largest Wal-Mart in the country.

The Panama City Wal-Mart opened at 513 W. 23rd St. and it was closed in October 2009. The city lost out on about $500,000 annually in revenue from sales taxes.There are also locations in Callaway and Panama City Beach, and another Panama City Beach location is under construction near Pier Park just 3/4 of a mile from Nautilus Cove. 

Addl. details at:  http://www.newsherald.com/news/business/wal-mart-on-23rd-prepares-to-open-1.70091?tc=cr and also
http://www.newsherald.com/news/business/panama-city-wal-mart-opening-in-january-1.67011?tc=cr