miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Lender Dumps Loan On Oceanfront Development Site In South Florida - 03/03/09 03:40 PM
purchased the existing land loan on the proposed but never started 47-story Paramount Beach luxury oceanfront condominium in Sunny Isles Beach.Sunny Isles Property Holdings LLC, with managing member Carlos J. Mattos, acquired the loan on Feb. 17 from iStar FM Loans for an undisclosed price. The original loan was made in … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: South Florida Pending Sales Jump 5.2% In 7 Days - 02/17/09 09:41 AM
South Florida experienced a 5.2 percent jump in pending sales during the last week as the tri-county region's available inventory for resale continues to decrease, according to a new report from Condo Vultures® LLC.As of Feb. 16, buyers had 11,012 single-family houses, condominium units, and townhouses under contract in Miami-Dade, Broward, … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Report: South Florida Properties Sell At -43% Discount In 2008 - 01/29/09 11:01 PM
Nearly 2.7 million square feet of condos, townhouses and single-family homes in coastal South Florida sold in 2008 at an average discount of -43 percent, or -$323,784 per residence, according to a new report from Condo Vultures® LLC.There were 1,717 properties east of I-95 in Miami-Dade, Broward, and Palm Beach counties … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Lender Seizes West Palm Beach Condo, Seeks Bulk Sale - 01/06/09 11:08 AM
The lender of the Whitney condominium in West Palm Beach has taken back the remaining unsold units in the recently constructed nine-story residential tower, according to the South Florida Business Journal.New York-based iStar Financial has taken back 140 unsold units from the Miami developer Evernia Properties, which still owes $43.9 million … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Miami, South Florida Residential Sales Jump 17% As Prices Tumble - 12/25/08 12:37 PM
Sales of South Florida condominium units and single-family houses jumped on a year-over-year basis by nearly 17 percent in the month of November as buyers picked off bank-owned properties, foreclosures, and deeply discounted residences.Buyers closed on 1,623 condos and houses in Miami-Dade and Broward counties in November 2008 compared to 1,391 … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: South Florida Houses, Not Condos, Offer Deepest Discounts - 12/22/08 08:46 AM
Single-family houses in coastal South Florida have dropped more in asking price than condominiums and townhouses through the first 11 months of the year, according to the new Vultures DatabaseTM Report for November from Condo Vultures® LLC.Single-family houses in Miami-Dade, Broward, and Palm Beach counties are down an average of -39 … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Ritz-Carlton Condo Project Cancelled in South Beach - 12/11/08 01:26 PM
The developers of the proposed Ritz-Carlton Club condominium resort and timeshare in Miami Beach's South Beach neighborhood have cancelled the three-tower luxury oceanfront project, blaming the decision on a lack of available financing, according to the Miami Herald.A Miami-based entity called 2901 Beach Ventures LLLP, which includes the Lowenstein family's Lionstone … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: $190 Million Downtown Miami Land Deal May Not Close - 12/09/08 08:25 AM
Concerns are rising about whether a $190 million land deal for 10 acres in Greater Downtown Miami near the Adrienne Arsht Center For The Performing Arts will close before the end of the year contract deadline.The Terra Group, the Miami condo developer that built the nearby Quantum on the Bay and … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: South Florida Residential Inventory Drops Below 106,000 Properties - 12/08/08 03:50 PM
For the second week in a row, the number of available residential properties in South Florida has dropped by several hundred units as the number of new pending sales has increased by a smaller amount, according to a new report by Condo Vultures® LLC.The number of condos, townhouses, and single-family houses … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Trump Condo Tries Rent-To-Own Program In South Florida - 12/05/08 09:51 AM
The developer of the newly delivered 384-unit Trump Royale oceanfront condo in Sunny Isles Beach, Fla., has established a leasing program where individuals can rent to own a new luxury unit for a fraction of the carrying costs."Rent with an option to buy and apply your rental towards your purchase" is … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: New Miami Condo Tower Being Foreclosed By Construction Lender - 12/04/08 09:18 AM
Construction lender Wachovia Bank has filed a foreclosure lawsuit on the remaining 285 units in the new 42-story Wind by Neo condominium tower in Greater Downtown Miami, according to Miami-Dade County records.The suit names as defendants the condo tower's developer, Neo Epoch 2 and its members Lissette M. Calderon, Maria T. … (1 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Greater Orlando Has 156,000 Vacant Residential Lots - 12/02/08 09:38 AM
Greater Orlando has nearly 156,000 vacant residential lots sitting idle in central Florida due to the state's dramatic housing crash.Many of the 155,835 vacant lots are located in partially completed new subdivisions in the Central Florida counties of Orange, Osceola, Seminole, Volusia and Lake, according to the Orlando Sentinel."The backlog of … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: It's Official: Florida Banks Halt All Foreclosures For 45 Days - 12/01/08 05:42 PM
All foreclosures initiated by Florida banks have been halted for the next 45 days under an agreement reached between the state's financial industry and the state's Gov. Charlie Crist. The statewide initiative will pertain to new foreclosure actions, not the 444,000 property owners who already are in the process of losing … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: South Florida Residential Inventory Drops, Pending Sales Rise - 12/01/08 08:58 AM
South Florida's number of active residential listings decreased by -1 percent on a week-over-week basis to 106,420 condos, townhouses, and single-family houses, while the number of pending sales increased 1 percent to 9,393 properties on Dec. 1, according to a new report from Condo Vultures® Realty LLC.A week earlier on Nov. … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Florida May Temporarily Halt All Foreclosures - 11/25/08 08:51 AM
Florida homeowners falling behind on their mortgage payments in a downward spiraling economy may get a reprieve from the governor - at least for the short term.Florida Gov. Charlie Crist is contemplating an executive order that would impose a temporary moratorium on all foreclosures in the state with the second highest … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: South Florida’s Residential Inventory Reaches Nearly 108,000 Properties - 11/24/08 10:50 AM
South Florida has a combined 107,527 condos, townhouses, and single-family houses for sale and an additional 9,302 residences under contract as of Nov. 24 in Miami-Dade, Broward, and Palm Beach counties, according to a new report from Condo Vultures® Realty LLC.Miami-Dade, the most populated county in South Florida, has the greatest … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Miami Developers Sell Out 19 New Condo Towers, 64 More Projects To Go - 11/21/08 08:18 AM
Developers have successfully sold out 19 new condominium towers with 3,085 units in the Greater Downtown Miami area since 2003, according to a new report from Condo Vultures® LLC. Units in the sold out buildings closed at an average price of $424,923 and generated a total of $1.3 billion in completed … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Florida’s Largest Bank Posts $261.6 Million Quarterly Loss - 11/19/08 04:27 PM
BankUnited, the largest bank headquartered in Florida based on assets of $14.2 billion, lost $261.6 million in the fourth fiscal quarter ending Sept. 30, putting the thrift in "dire financial straits," according to the South Florida Business Journal.The fourth quarter loss, due in large part to nonperforming mortgages, dragged BankUnited's equity … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: New South Florida Condos Unloaded At 46 Cents On Dollar - 11/17/08 03:57 PM
A South Florida developer sold 33 new condo units, including 17 units to one buyer, for 46 cents on the retail dollar at a private auction on Nov. 17 in West Palm Beach, according to the Palm Beach Post.The total sellout price of Saturday's 90-minute auction was $6.3 million for Downtown … (0 comments)

miami south florida short sales foreclosure reo real estate owned bank fort lauderdale aventure sunny isles beach miami beach bal harbour: Citi’s South Florida Foreclosures Near $700 Million in 2008 - 11/12/08 09:41 AM
Considering the nearly $700 million in foreclosure exposure that Citigroup has in South Florida alone, it is not hard to understand why the New York financial giant just introduced a new Homeowner Assistance Program to keep borrowers in their homes.Citigroup and its subsidiaries have filed 2,742 foreclosures actions worth $694 million … (0 comments)

 
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Condo Vultures® Realty LLC

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Condo Vultures® Realty LLC

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