Meditiation in Broward: click
Real estate and Reits:click guess they havent seen the numerous retail ghost towns around here.
waiting for the end:click
Mcmansionville: you dont have to look very far to find samething around here. can anyone say wellington with janitor fish laden pools?click or Mad Max's plungers???
Wednesday, March 31, 2010
Tuesday, March 30, 2010
Plunger Alert
ding ding ding: purchase here for 1.375 and foreclosure: click its on zip with the incorrect #, for 692,900. directly on the intercoastal in the drive fast zone. No mention of bank ownership.
broward auctions go live today:click be careful out there. chances are if its too good a deal, it isnt. its a second lien by a bank of hoa. They don't tell you that part.
The tax man:clickits not to hard to figure out that taxes will be on the rise to makeup for the shortfall. at least the way we see it here.
How low will it go:click
broward auctions go live today:click be careful out there. chances are if its too good a deal, it isnt. its a second lien by a bank of hoa. They don't tell you that part.
The tax man:clickits not to hard to figure out that taxes will be on the rise to makeup for the shortfall. at least the way we see it here.
How low will it go:click
Sunday, March 28, 2010
2015
2015 mortgages will be underwater till:click
we are having weather issues today short blog. connection down. flooded. surprise surprise here in the wilderderness of pb county.
mad max plunger of the day:
Anonymous said...
Another one that did not hold its value that was paid brand new.
Sold: 3/2010 for $380K
New Price: 10/2007 for $829K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031031100
That is a major short sale. $449K (54%) loss in just over 2 years time.
How does this recent $380K sales price affect the adjacent.
Purchased: 11/2007 for $629K
Purchased: 8/2007 for $892K
Oh my!
2500 sq ft Max.
we are having weather issues today short blog. connection down. flooded. surprise surprise here in the wilderderness of pb county.
mad max plunger of the day:
Anonymous said...
Another one that did not hold its value that was paid brand new.
Sold: 3/2010 for $380K
New Price: 10/2007 for $829K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031031100
That is a major short sale. $449K (54%) loss in just over 2 years time.
How does this recent $380K sales price affect the adjacent.
Purchased: 11/2007 for $629K
Purchased: 8/2007 for $892K
Oh my!
2500 sq ft Max.
Not Yet
bottom not yet, nice chart:click
The bigger they are: we first saw this house from the water, it strongly appealed to me because I am from the Pacific, and seeing the familiar architecture it immediately peaked my interest. That was in 07. Unfortunately the house inside is not representative of the architecture in my opinion at all and plus there are 65k year (gasp) taxes which I would never pay ,I am not a club person and its way too big for us. But it was fun to ponder for a while. Out of curiosity been watching the house, someone purchased it from an estate in 07 for 3.5 and now it is listed for 3,4999. listing here:
click it is rumoured speculators who paid cash.
purchase here:
purchase It is also rumoured that the flippers put around 250k in the house trying to make it more asian inspired. Owning for 3 years, plus upgrades and commissions might add up to around 500k plus loss.
Extend and pretend:
click
Mad max plunger of the day;
Massive tract home McMansion foreclosure that the bank took back 3/22/2010. This baby sports a rather impressive 4600 sq ft.
Are you ready for this...purchased 5/2006 for $1.2 million. Thats is correct, over $1 mil for a tract home. Assessor says market is $655K. Could this be a strategic default or a failed short sale?
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925053580
How does this massive foreclosure affect the adjacent.
Purchased: 4/2007 for $725K
Purchased: 10/2008 for $475K (this was also a foreclosure, origianl price 11/2004 for $950K)
The price on these tract home McMansions are falling straight down.
Oh my!
2500 sq ft Max.
The bigger they are: we first saw this house from the water, it strongly appealed to me because I am from the Pacific, and seeing the familiar architecture it immediately peaked my interest. That was in 07. Unfortunately the house inside is not representative of the architecture in my opinion at all and plus there are 65k year (gasp) taxes which I would never pay ,I am not a club person and its way too big for us. But it was fun to ponder for a while. Out of curiosity been watching the house, someone purchased it from an estate in 07 for 3.5 and now it is listed for 3,4999. listing here:
click it is rumoured speculators who paid cash.
purchase here:
purchase It is also rumoured that the flippers put around 250k in the house trying to make it more asian inspired. Owning for 3 years, plus upgrades and commissions might add up to around 500k plus loss.
Extend and pretend:
click
Mad max plunger of the day;
Massive tract home McMansion foreclosure that the bank took back 3/22/2010. This baby sports a rather impressive 4600 sq ft.
Are you ready for this...purchased 5/2006 for $1.2 million. Thats is correct, over $1 mil for a tract home. Assessor says market is $655K. Could this be a strategic default or a failed short sale?
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925053580
How does this massive foreclosure affect the adjacent.
Purchased: 4/2007 for $725K
Purchased: 10/2008 for $475K (this was also a foreclosure, origianl price 11/2004 for $950K)
The price on these tract home McMansions are falling straight down.
Oh my!
2500 sq ft Max.
Saturday, March 27, 2010
expansion
new plan expands:click
142 home sites:click
The bigger they are; click
Mad max plunger alert:
Here we have the latest tract home McMansion taking a major price pounding. On the MLS as of 14 hours ago. This baby sports a rather impressive 4200 sq ft.
MLS: M1379795 asking $395K
Purchased: 5/2007 for $793K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031020970
That is a $398K (50%) loss.
Hows does the $395K asking price affect the adjacent.
Purchased: 12/2006 for $696K
Purchased: 4/2009 for $415K
(this was also a foreclosure original price new in 2007 was $795K)
2500 sq ft Max.
142 home sites:click
The bigger they are; click
Mad max plunger alert:
Here we have the latest tract home McMansion taking a major price pounding. On the MLS as of 14 hours ago. This baby sports a rather impressive 4200 sq ft.
MLS: M1379795 asking $395K
Purchased: 5/2007 for $793K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031020970
That is a $398K (50%) loss.
Hows does the $395K asking price affect the adjacent.
Purchased: 12/2006 for $696K
Purchased: 4/2009 for $415K
(this was also a foreclosure original price new in 2007 was $795K)
2500 sq ft Max.
Thursday, March 25, 2010
Wednesday, March 24, 2010
Tuesday, March 23, 2010
Monday, March 22, 2010
Sunday, March 21, 2010
Saturday, March 20, 2010
How many
up their sleeve, click
We took time this AM to read the writings of Martin Armstrong, incerated genuis, con man or fool??? interesting concepts about cycles. Worth the read if you venture to business insider. I downloaded and read some of his writings. What is even more interesting in one of his charts he places real estate as bottoming out in 2012 when incidentially the sun is supposed to flip poles, housing then gains to 1998 levels in 2015 then falls for the next 26 years until 2033. What is even more of note is that much of the reading we have been doing even from money and other sources say about the same, 2011 or 12 bottom etc. Coincidence or cycles??
Plunger Alert: ding ding ding
listing here
purchase here:click
Sun Trust filed an LP on Oct 13/2009. I didnt research the amount owed.
We took time this AM to read the writings of Martin Armstrong, incerated genuis, con man or fool??? interesting concepts about cycles. Worth the read if you venture to business insider. I downloaded and read some of his writings. What is even more interesting in one of his charts he places real estate as bottoming out in 2012 when incidentially the sun is supposed to flip poles, housing then gains to 1998 levels in 2015 then falls for the next 26 years until 2033. What is even more of note is that much of the reading we have been doing even from money and other sources say about the same, 2011 or 12 bottom etc. Coincidence or cycles??
Plunger Alert: ding ding ding
listing here
purchase here:click
Sun Trust filed an LP on Oct 13/2009. I didnt research the amount owed.
Commercial
Friday, March 19, 2010
Wednesday, March 17, 2010
Plunger
Alert ding ding ding.
purchase here:click listing here:click it appears... there is 500 owed and a lien for 25k filed on Feb 2/1/10.
consider 943 S.E.10th was only asking 415k?? don't know if sold yet. owners records havent changed, still shows an LP from Chase in October.
3316 N.E. 40th in Bermuda Rivera sold for 590k. nice house with pool.
click and approx 14k/year taxes. But that was bermuda riviera not pompano beach.
banksters fumble:click a parrot !!!
by the way, we know of someone who bought and bailed on their first home, borrowed heavily to buy their new... home and just got refinanced even though they walked away from the first. Is this a great country or what....
bankster's buzz words:click
Mad Max plunger of the day:
Here is a recent tract home McMansion foreclosure recorded 3/12that is a whopping 60% off the purchase price brand new from the builder. This baby sports an impressive 4200 sq ft.
Purchased new: 9/2006 for $812K
CET: 2/25/2010 for $327K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031021790
That is a $485K loss.
How does the $327K sale affect the adjacent.
Purchased: 9/2006 for $920K
Purchased: 10/2006 for $872K
Ouch!!!!
2500 sq ft Max.
purchase here:click listing here:click it appears... there is 500 owed and a lien for 25k filed on Feb 2/1/10.
consider 943 S.E.10th was only asking 415k?? don't know if sold yet. owners records havent changed, still shows an LP from Chase in October.
3316 N.E. 40th in Bermuda Rivera sold for 590k. nice house with pool.
click and approx 14k/year taxes. But that was bermuda riviera not pompano beach.
banksters fumble:click a parrot !!!
by the way, we know of someone who bought and bailed on their first home, borrowed heavily to buy their new... home and just got refinanced even though they walked away from the first. Is this a great country or what....
bankster's buzz words:click
Mad Max plunger of the day:
Here is a recent tract home McMansion foreclosure recorded 3/12that is a whopping 60% off the purchase price brand new from the builder. This baby sports an impressive 4200 sq ft.
Purchased new: 9/2006 for $812K
CET: 2/25/2010 for $327K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031021790
That is a $485K loss.
How does the $327K sale affect the adjacent.
Purchased: 9/2006 for $920K
Purchased: 10/2006 for $872K
Ouch!!!!
2500 sq ft Max.
plunger alert
thanks to 2500 sq ft max again...
Our latest tract home McMansion with a massive price pounding. Listing says 3455 sq ft, record shows 2847. Lets assume 3455 is correct, how can you pay $829K for 3455 sq ft...if the faucets were 14K gold I can see it.
ON MLS: D1292639 as of 17 hours ago asking $380K
Purchased: 10/2007 for $829K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031031100
That is a $449K (54%) loss in just over 2 years time.
How does the $380K asking price affect the adjacent?
Purchased: 11/2007 for $629K
Purchased: 8/2007 for $892K
Ouch!!!
2500 sq ft Max.
well done Max.
We looked at home-fish.com which is supposed to be a free site for foreclosures,
our experience only was aw...... maybe. perhaps yours will be better.
Plunger alert ding ding ding.
FB lighthouse point now in the 3,s....
purchase here 890k: click
Listing here:click
Rampant:click
Our latest tract home McMansion with a massive price pounding. Listing says 3455 sq ft, record shows 2847. Lets assume 3455 is correct, how can you pay $829K for 3455 sq ft...if the faucets were 14K gold I can see it.
ON MLS: D1292639 as of 17 hours ago asking $380K
Purchased: 10/2007 for $829K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031031100
That is a $449K (54%) loss in just over 2 years time.
How does the $380K asking price affect the adjacent?
Purchased: 11/2007 for $629K
Purchased: 8/2007 for $892K
Ouch!!!
2500 sq ft Max.
well done Max.
We looked at home-fish.com which is supposed to be a free site for foreclosures,
our experience only was aw...... maybe. perhaps yours will be better.
Plunger alert ding ding ding.
FB lighthouse point now in the 3,s....
purchase here 890k: click
Listing here:click
Rampant:click
Monday, March 15, 2010
Infighting
Sunday, March 14, 2010
Commission
Saturday, March 13, 2010
Cash
for keys. delaying the inevitable:click
lenders and escrow accounts;click
Broward and online foreclosures;clickcareful out there. dont get caught up in believing you are going to buy a 300k unit for 8k, chances are all you are buying is the second lien by the condo assoc. if you have been reading hre you know how others have fallen victim to greed and ignorance. do your homework.
bouncy bouncy:click
purger:click
lenders and escrow accounts;click
Broward and online foreclosures;clickcareful out there. dont get caught up in believing you are going to buy a 300k unit for 8k, chances are all you are buying is the second lien by the condo assoc. if you have been reading hre you know how others have fallen victim to greed and ignorance. do your homework.
bouncy bouncy:click
purger:click
Thursday, March 11, 2010
Wednesday, March 10, 2010
Tuesday, March 9, 2010
2nd
lien holders:click
more money:click
You knew this anyways...click
plunger alert from 2500 sq ft max: tks again Max.
These type of finds are starting to accelerate with respect to tract home McMansions selling for way less than purchase price. This one is new to the MLS (3 hours ago) and sports a relatively modest 3100 sq ft.
MLS: R3092723 asking $469K
Purchased: 2/2007 for $725K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925053110
That is a $256K (35%) loss.
2500 sq ft Max.
March 8, 2010 12:35 PM
Florida on sale:click still not enough in our view.
more money:click
You knew this anyways...click
plunger alert from 2500 sq ft max: tks again Max.
These type of finds are starting to accelerate with respect to tract home McMansions selling for way less than purchase price. This one is new to the MLS (3 hours ago) and sports a relatively modest 3100 sq ft.
MLS: R3092723 asking $469K
Purchased: 2/2007 for $725K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513925053110
That is a $256K (35%) loss.
2500 sq ft Max.
March 8, 2010 12:35 PM
Florida on sale:click still not enough in our view.
Sunday, March 7, 2010
Saturday, March 6, 2010
Friday, March 5, 2010
Thursday, March 4, 2010
Plunger
Alert: listing here:click looks like its on intercoastal.
purchase here:click it appears us bank filed an LP on 1/7/2010 and it appears there is more than one mtg. several lp's are listed for this year by same bank.
2nd plunger alert:listing here: click
purchase here:click
Mortgages and employment:click
Mcmansions in a box:click
purchase here:click it appears us bank filed an LP on 1/7/2010 and it appears there is more than one mtg. several lp's are listed for this year by same bank.
2nd plunger alert:listing here: click
purchase here:click
Mortgages and employment:click
Mcmansions in a box:click
Banks
Banks and HOA's:click
Down:click like mayhbe August??? when a bunch of recasts happen?
Home prices and revolving credit, good read:click
Plunger alert from 2500 max:"Ouch" is also a four letter word. Here is a bank owned tract home McMansion sporting a respectable 3500 sq feet that is 1 day new to the MLS with a major price reduction.
ON MLS: M1374008 asking $346K
Purchased: 3/2007 for $730K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513936021800
This is a $384K (53%) loss.
How does a $346K asking price affect the adjacent.
Purchased: 8/2003 for $392K
Purchased: 2/2007 for $610K
Down:click like mayhbe August??? when a bunch of recasts happen?
Home prices and revolving credit, good read:click
Plunger alert from 2500 max:"Ouch" is also a four letter word. Here is a bank owned tract home McMansion sporting a respectable 3500 sq feet that is 1 day new to the MLS with a major price reduction.
ON MLS: M1374008 asking $346K
Purchased: 3/2007 for $730K
http://www.bcpa.net/RecInfo.asp?URL_Folio=513936021800
This is a $384K (53%) loss.
How does a $346K asking price affect the adjacent.
Purchased: 8/2003 for $392K
Purchased: 2/2007 for $610K
Tuesday, March 2, 2010
4 letter word
the 4 letter word:click
how to live rent and tax free:click we have seen instances of this where persons have lived in a home they managed to milk the bank for over 1 million dollars and then live rent and tax free for more than 2 years and are still living there. amazing.
populus: click
earnest:click
how to live rent and tax free:click we have seen instances of this where persons have lived in a home they managed to milk the bank for over 1 million dollars and then live rent and tax free for more than 2 years and are still living there. amazing.
populus: click
earnest:click
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