Naples — In the early morning darkness, Nathaniel Keith hitched his pontoon boat to his white Ford F150 pick-up, got in the truck’s cab and drove out of River Park, leaving his home of 47 years behind.
His small, white house at 507 13th Street North in Naples will be sold in a foreclosure sale on Thursday. By then, Keith, 75, will be living in Fort White, a small town about 30 miles northwest of Gainesville, with his 97-year-old mother.
Like millions of homeowners across the country, Keith got a big loan from a sub-prime lender with an adjustable-interest rate and high payments.
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If Keith is interested in moving to Gainesville, there are plenty of good rentals on the market. He might be able to get a great deal.