Strategies of the Condo Vultures®

Tagged "Condo"

Strategies of the Condo Vultures®

Blog by Peter Zalewski

Florida

Chroniclizing the downturn of condominium market from a buyer's perspective.

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Strategies of the Condo Vultures®

JP Morgan Chase Offers Loan Modifications To Investors

Jan. 21, 2009

Tagged with: condo, investor, jpmorgan, loan, miami, modification, vultures

JP Morgan Chase offers loan modifications to owners of investment properties in Florida.

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Miami Bulk Buyer Refinances Recent Condo Acquisition

Jan. 7, 2009

Tagged with: bulk deal, condo, discount, ltv, lubertadler, miami, prudential, refinance, related

A Miami bulk buyer has obtained a $21 million mortgage from a insurance company.

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Ritz-Carlton Condo Project Cancelled in South Beach

Dec. 11, 2008

Tagged with: condo, miami beach, new construction, oceanfront, ritzcarlton, south beach

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.

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Trump Condo Tries Rent-To-Own Program In South Florida

Dec. 5, 2008

Tagged with: condo, discount, florida, miami, rent to own, sunny isles beach, trump

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.

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New Miami Condo Tower Being Foreclosed By Construction Lender

Dec. 4, 2008

Tagged with: bulk, cheap, condo, discount, distress, foreclosure, miami, reo

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.

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Florida May Temporarily Halt All Foreclosures

Nov. 25, 2008

Tagged with: bank owned, condo, discounts, florida, foreclosure, miami, moratorium, reo, repossession

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.

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South Florida’s Residential Inventory Reaches Nearly 108,000 Properties

Nov. 24, 2008

Tagged with: boca raton, condo, distress, for sale, fort lauderdale, miami, real estate, reo, short sales, townhouse

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.

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Downtown Miami Casinos Proposed As Property Tax Revenue Plummets

Oct. 1, 2008

Tagged with: casino, cheap, condo, discount, downtown miami, vulture, worldcenter

Hampered by falling property taxes, a South Florida group is proposing a 2010 constitutional amendment to permit full-fledged casino gambling just west of Biscayne Boulevard in Downtown Miami.

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