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foreclosuredumpcom: Regulators Shut 2 Florida Banks, Lose $140 Million - 08/11/09 08:08 AM
Regulators have seized three bank, two headquartered in Florida and one in Oregon, resulting in an estimated loss of $185 million to the Federal Deposit Insurance Corp.First State Bank, a Sarasota, Fla.-based institution with assets of $463 million and deposits of $387 million, was shuttered on Friday, Aug. 7, producing a loss of $116 million to the FDIC's Deposit Insurance Fund. The FDIC ensures deposits up to $250,000 per account.On that same day across town regulators were seizing the Community National Bank of Sarasota County, with assets of $97 million and deposits of $93 million. This failure resulted in a loss … (1 comments)

foreclosuredumpcom: Bulk Deal Closes At 94% Discount In South Florida - 07/26/09 03:42 PM
A South Florida private equity group purchased 51 new, oceanfront condo-hotel units in the luxury One Bal Harbour complex at $63 per square foot, a discount of 94 percent off of the $1,100 per square foot average recorded sales price, according to a new report from Condo Vultures® LLC.Elcom Condominium LLC with Jorge E. Arevalo and Thomas D. Sullivan in South Miami paid $2.6 million for 41,047 square feet of saleable space in the 124-unit Regent Hotel tower located on the west side of the 26-story, trophy complex in exclusive Bal Harbour.Bankrupt residential development company WCI Communities, Inc., based in Bonita … (0 comments)

 
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Condo Vultures® LLC

Miami Beach, FL

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Condo Vultures® LLC

Address: 1005 Kane Concourse, Suite 205, Bal Harbour, FL, 33154

Office Phone: (800) 750-0517

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Are you capitalizing on the real estate correction? Are you taking advantage of the growing number of short sales, REO properties, and foreclosures? Ready for some assistance? Call 1-800-750-0517.


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