The homeowners received their notice of default (Lis Pendens) of February 22, 2008. The final judegment on the case was on April 22, 2008 (surprisingly fast). However, the house is just now being listed on the MLS -- nearly 11 months after the first notice of default and probably 14 months after the couple missed their first payment.
Now the house is being sold for 55% off its original late-2006 purchase price.
11061 NW 41ST CT, Coral Springs, FL 33065
- 4 Bed, 2 Bath SFH
- Bought in December 2008 for $387,000
- On the MLS for $174,800
- Days on the Market: 2
- Loss before the Realtor® commission: $212,200
- Loss after the Realtor® commission: $222,688
Stumble It!
4 comments:
A 55% haircut!
And, there are still cheerleaders out there claiming that real estate is a great long-term investment. This house won't see its 2006 price again for another century.
Hi and a Merry Christmas to all in Southern Florida. Although I live in California, I like to occasionally see what the real estate market in Florida is doing (read: mind-boggling collapse beyond everyone's imagination that is sucking out the money of anyone that invested in this stuff in the recent past). The housing market is tanking in California, of course, but Florida seems to be holding its own in tanking at a record pace. What people in the Golden State never understood was that the Central Valley - from Bakersfield to north of Sacramento, approximately 450 miles - is our own Mississippi or Appalachia. I'm sure that Florida has its equivalent and the rapidly falling prices will tell everyone exactly where this area happens to be, as in this is not a buyer's market any time soon unless you happen to be an alligator...
I was playing games online however for reading this post more interesting thanks for the share please do keep it going great job....Loveing this.
Cheers,
___________________
victor
Online Marketing of your brand
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Try Naief Salem, or anyone else you suspect of owning multiple properties in Miami Dade
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