US Century Bank won a $10.1 million foreclosure judgement against the Merco Group, the lawsuit involves a 10,560 square-foot-office building at 2675 S. Bayshore Drive in Coconut Grove. Merco had other plans then lose it to foreclosure: it planned to turn it into a residential development. The bank won the judgement against Merco Group at [...]
A company led by a Belgian investor has acquired the sites of two planned South Beach apartment projects in a deed in lieu of foreclosure and a short sale. The Belgian investor bought a 12 unit apartment project in mid-construction for which Banco Popular North America allowed the developer to sell the property for 52% [...]
As David Stern and his law firm collapsed Palm Beach County homes were sold to investors at foreclosure auction for as low as $200. These properties went to auction with no bank representation, bid or proper public notice. The result was 56% of winning offers from investors or individual buyers who in some cases spent [...]
Elisabeth Bolinger was surprised when she received a foreclosure notice on an Oakland Park condominium she says she hasn’t owned in 14 years. According to Elisabeth – who now lives in a retirement community in Port St. Lucie – she deeded the home back in 1996 to a man who had been renting from her. [...]
Miami Association of Realtors reported that pending home sales in Miami-Dade County increased in November with 2.3% from October, 26% from the same month last year. This is the fourth consecutive month of rising pending sales, cumulating 10,264 till the end of November. Pending sales of condominiums reached 6,094 in November, up 3.68% from a [...]
Shore Club was hit with a foreclosure for the second time this year. The owner, Philip South Beach, a New York-based group fell into foreclosure in March, when the lender filed a $126 million lawsuit in federal court. They escaped foreclosure in November, when a federal judge ruled that US District Court wasn’t the proper [...]
October home sales were down in South Florida and across the state as the result of foreclosure moratorium. Sales of the housing inventory in Broward County fell 28% last month from a year ago, while sales in Palm Beach County dropped 14%, according to Florida Realtors. Statewide sales were down 21% from October a year [...]
