The Bank of America tower that boast a view of the Intracoastal waterway in West Palm Beach is hit with foreclosure. However, the foreclosure lawsuit filed by Wells Fargo doesn’t target Bank of America just the office tower at 625 N. Flagler Drive, built in 1984. The complaint target I&G Direct Real Estate 14, a [...]
Florida foreclosure sales dropped 22.4% in the second quarter compared to the same period a year ago, RealtyTrac noted in its latest report. The numbers a total of 34,558 foreclosure sales in Florida for the second quarter, the second highest number in the country, with an average sales price of $114,894. Looking at the bigger [...]
The Versace mansion in South Beach is threatened with foreclosure by german bank WestLB. The lender holds a $25 million mortgage on the famous property where fashion designer Gianni Versace was killed at the front gate. The owner of the real estate is former telecom tycoon Peter Loftin through a company called Casa Casuarina LLC, [...]
Miami recorded a 47% jump in single family sales last month, along with 3% increase in condo sales, both compared to July 2010, the Miami Association of Realtors reported. This seems to be just one side of the coin, as other real estate tracking firms have recorded other data, and they see the real estate [...]
150 Americas Center LLC, the owner of the 14-story Chase Bank office building faces foreclosure lawsuit filed by its lender, Capmark Bank on July 29, concerning a mortgage last modified in January at $14.9 million. The 125,000 square-foot building was purchased by 150 Americas Center in 2005 for $18.4 million, and it has as the [...]
July was a lucky month for this lucky buyer, which purchased 15 single-family homes and townhomes in southern Miami-Dade County in a short sale for at a discount of 38% of the amount of their distressed mortgages- It started in February, when the lender, FirstBank Puerto Rico filed a foreclosure lawsuit against Lakes Acquisitions and [...]
TotalBank filed to foreclose on two apartment developments that are behind on their loans issued by the lender. The amount the two developments owe totals $20 million, and still, after 24 months of foreclosure proceedings the lender couldn’t foreclose on them. Now the owners of these properties SouthPointe Apartments LLC and Omas Investment LLC filed [...]
The owners of the Las Flores Center got their notice of default from their lender, BankAtlantic. The lender filed a foreclosure lawsuit July 29 against Las Flores Land Investment along with managing members Robert Roskamp, David Howell, Phill Kaltenbacker and Reinier Padron concerning a $7.2 million loan they took in 2007 and modified two years [...]
Foreclosure hit the Holiday Inn in Doral and a neighboring hotel. The foreclosure lawsuit was initiated byWell Fargo Bank representing a CBS fund, and it is dated July 25 against Doral Hotel Associated and DHA NW 87th Ave Associates. According to the documents, it concerns a $14 million loan received in 2005. The borrower is [...]
