Howard Burton at Bank of America today sent word out that no lender after Friday will be able to finance the oceanfront condo market. I think what he should have indicated is that Bank of America will not be able to finance oceanfront condos after Friday. I called Donna Millen at Wells Fargo and she said that there programs will not change. They are available, and will be available. Evidently there is at least a temporary problem with selling the oceanfront condo loans on the secondary market, but Wells Fargo has a source that no one else seems to have and they still can sell the loans without a hitch. Everyone thinks that a solution will come for all the lenders, but the question is how long it will take. Of course, all this brought about by the overindulgence of investors trying to flip properties and then getting stuck!

Anderson Ocean Club received it's Certificate of Occupancy on September 13th. Now the furniture is going in and the amenities are all being completed. I toured the building last week and it is beautiful. So many great features that have been incorporated including crown molding and inlaid tile features. The beds are OHHHHHHHHHH so nice! Top of the line Sealy posturpedic pillow top mattresses. You may never want to get out of bed. Enclosed corridors, beautiful carpet, large fitness center, dayspa and even valet parking. You will be impressed with Anderson Ocean Club.