Q. What repercussions can a HOA legally incur for failure to provide the end-of-year financial statements to the homeowners?

President Bush and foreign financial officials displayed joint resolve Saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.

Recent deed transactions from the Collier County Clerk of Courts office.

While halfway through viewing properties with buyers a few weeks ago, the buyers asked to cancel the remainder of the showings that were booked on the schedule. They actually had a plausible reason. The remaining homes were only one-story residences and because of their hobbies and lifestyle, they had just realized that they needed a two-story home so there would be more places for them to spread out. The one-story homes just weren’t fitting their criteria for the amount of people that would be living in the home.

Recent deed transactions from the Collier County Clerk of Courts office.

Recent deed transactions from the Collier County Clerk of Courts office.

A leading economist said Southwest Florida’s housing market continues to sit on the bottom and Congress had no choice but to step in with 0 billion to prop up the nation’s financial institutions. Hank Fishkind, speaking in Fort Myers on Wednesday for the 21st Annual Regional Economic Outlook Conference, said it’s true the rapidly passed legislation could be seen as a bailout as much as a rescue.

Recent deed transactions from the Collier County Clerk of Courts office.

A closely watched index released Tuesday showed home prices tumbling by the sharpest annual rate ever in July, but the rate of monthly declines is slowing. The Standard & Poor’s/Case-Shiller 20-city housing index fell a record 16.3 percent in July from the year-ago month, the largest drop since its inception in 2000. The 10-city index plunged 17.5 percent, its biggest decline in its 21-year history.