The Landings pre-foreclosure/short sale...I'm gonna guess as soon as you stop paying bank its a forecloser

3015 NE 58Th St Fort Lauderdale, FL 33308 MLS ID# F874596

● 3 Bed, 3 Bath
● 2,312 Sq. Ft.
● 0.24 Acres
● Year Built: 1967
● DEEP WATER ACCESS!!!! BOATERS DREAM HOUSE WITH 90 FT DOCK SPACE
● On the MLS at $925,000
● Purchased on 7/5/2006 $1,215,000
● For a loss of $290,000

Because one blogger can't blog it all, I get help from the audiance

Thanks to Michael F for this one.

105 TRANQUILLA Dr Palm Beach Gardens, FL 33418 MLS ID# R2756258

● 3 Bed, 3.5 Bath
● 3,740 Sq. Ft.
● Year Built: 2005
● On the MLS at $599,999
● Purchased on Jul-2005 $800,000
● For a loss of $200,001
● Seeking to Foreclose 1/31/2008 HSBC MORTGAGE SERVICES INC

This ain't no party this ain't no fooling around this is Fiesta Way

180 Fiesta Wy Fort Lauderdale, FL 33301 MLS ID# F835404

● 5 Bed, 4 Bath
● 6,320 Sq. Ft.
● 0.25 Acres
● Year Built: 1996
● 90FT OF DEEP WATER DOCKAGE No Fixed Bridge
● On the MLS at $1,850,000
● Purchased on 1/31/2007 $2,250,000
● For a loss of $400,000



169 Fiesta Wy Fort Lauderdale, FL 33301MLS ID# F886249

● 5 Bed, 6 Bath
● 7,250 Sq. Ft.
● Year Built: 2007
● SHORT SALE OPPORTUNITY:
● On the MLS at $3,195,000

Note this is newly contstructed and has no sales record, but is being listed as a possible "short sale", which means very little as long as the builder keeps making payments I don't think any bank will actually agree to losing money in a short sale. And here's why Short Sales Are "Fake Listings." Only 5% Close!

Up the Cypress Creek with out a paddle

2070 NE 62ND ST , Fort Lauderdale FL 33308 MLS Listing ID: F891230

● 2 Bed, 2 Bath
● 1,803 Sq. Ft.
● Year Built: 1963
● On the MLS at $349,000
● Purchased on 5/15/2007 $460,000
● For a loss of $111,000

History:
5/15/2007 $460,000
8/25/2003 $280,000
8/11/1999 $127,000
5/06/1998 $109,000

Underwater,over priced and on a very, very busy through street



2060 NE 62Nd St Fort Lauderdale, FL 33308 MLS ID# M1212634

● 3 Bed, 2 Bath
● 1,678 Sq. Ft.
● Year Built: 1963
● On the MLS at $286,000
● Purchased on 12/8/2006 $399,000
● For a loss of $113,000





1921 NE 62Nd St Fort Lauderdale, FL 33308 MLS ID# F909786

● 3 Bed, 2 Bath
● 1,663 Sq. Ft.
● Property Owner BANK OF NEW YORK TRSTEE
● On the MLS at $285,900
● Purchased on 8/22/2006 $499,000
● For a loss of $213,100



2176 NE 62Nd St Fort Lauderdale, FL 33308 MLS ID# F897338

● 2 Bed, 2 Bath
● 1,362 Sq. Ft.
● Year Built: 1965
● On the MLS at $349,000
● Purchased on 9/13/2005 $420,600
● For a loss of $71,600

History:
9/13/2005 $420,600
7/28/2003 $275,000
9/30/2002 $180,300
4/22/2002 $165,000




1811 NE 57Th St Fort Lauderdale, FL 33308 MLS ID# N257731

● 3 Bed, 2 Bath
● 1,536 Sq. Ft.
● Year Built: 1964
● Property Owner WELLS FARGO BANK TRSTEEC/O HOMEQ SERVICING CORP
● On the MLS at $276,450
● Purchased on 3/1/2005 $395,000
● For a loss of $118,550

History:
03/01/2005 $395,000
01/31/2001 $195,000
02/01/1984 $85,000



2183 NE 59Th Ct Fort Lauderdale, FL 33308 MLS ID# F897175

● 2 Bed, 1 Bath
● 1,280 Sq. Ft.
● Year Built: 1963
● On the MLS at $259,000
● Purchased on 1/16/2004 $242,000
● For a gain of $17,000

History:
01/16/2004 $242,000
10/30/2001 $180,000
04/01/1986 $71,500
12/01/1975 $43,900
03/01/1973 $37,000



5751 NE 19Th Av Fort Lauderdale, FL 33308 MLS ID# F843664

● 3 Bed, 2 Bath
● 1,891 Sq. Ft.
● Year Built: 1964
● On the MLS at $269,900
● Purchased on 1/31/2006 $495,000
● For a loss of $225,100

History:
01/31/2006 $495,000
07/15/2004 $375,000
10/22/2002 $297,000
08/25/1999 $137,000
08/01/1979 $88,000





5731 NE 22Nd Te Fort Lauderdale, FL 33308 MLS ID# F807422

● 2 Bed, 2 Bath
● 1,439 Sq. Ft.
● Year Built: 1964
● On the MLS at $285,000
● Purchased on 12/9/2005 $400,000
● For a loss of $115,000

It's all Flaglers' Fault!

By Paul Owers | South Florida Sun-Sentinel February 26, 2008

Sales tumbled 26 percent [in Palm Beach County], to 369 from 496. It was the fewest homes to change hands in any month countywide since the Realtors' group started releasing monthly housing statistics in 1994.

What's more, the expected rise in foreclosures this year will add to the glut of homes already for sale. Last month, 1,746 Palm Beach County homeowners were notified by their lenders that they intend to take back the properties, more than double the 634 from a year ago, according to Realestat.com, a Plantation-based research firm.

Ok, in simple round numbers about 400 homes sell per/month and 1700 are being foreclosed upon in the same period meaning there is a freaking huge GROWING surplus of homes on the market. Growing being the operative word, in simple market terms when supply is greater then demand prices fall or in this case BUST.

For millions of years dinosaurs roamed the earth, then Flagler built the railroad, then there was a land boom, followed by a land bust, followed by a land boom, followed by a land bust...The History of Florida in short.

OPEN HOUSE SUNDAY DECEMBER 16, 1-4PM

2747 NE 35Th Ct Fort Lauderdale, FL 33308 MLS ID# F874588

● 3 Bed, 2 Bath
● 2,574 Sq. Ft.
● Year Built: 1958
● On the MLS at $679,000
● Purchased on 12/16/2005 $950,000
● For a loss of $271,000

Yawn, banks, money, tower poof. Nothing to see here move along.

1819 SE 17TH ST 608, Fort Lauderdale FL 33316 MLS Listing ID: F898702

● 2 Bed, 2.5 Bath
● Year Built: 2005
● Property Owner AURORA LOAN SERVICES LLC
● On the MLS at $390,000
● Purchased on 2/9/2007 $700,000
● For a loss of $310,000

158 Properties For Sale in Heron Bay and here's the second lowest priced one good luck with your comps 156 others!

5752 NW 121ST TE , Coral Springs FL 33076 MLS Listing ID: D1244435

● 4 Bed, 3 Bath
● 2,302 Sq. Ft
● Year Built: 2001
● On the MLS at $384,999
● Purchased on 12/28/2005 $505,000
● For a loss of $120,001

Banker losing money, yawn.

3851 NE 24TH AV , Lighthouse Point FL 33064 MLS ID# F906055

● 3 Bed, 2 Bath
● 2,415 Sq. Ft.
● Year Built: 1973
● Property Owner CITIBANK TRUSTEE C/O EMC MORTGAGE CORPORATION
● On the MLS at $745,000
● Purchased on 5/18/2006 $1,295,000
● For a loss of $550,000

History:
5/18/2006 $1,295,000
4/14/2005 $975,000
3/27/2002 $561,100
11/1/1987 $250,000

Buy this home before price goes still lower, or wait and buy it lower, or wait for way lower

2171 NE 44Th St Lighthouse Point, FL 33064 MLS ID# F865579

● 3 Bed, 2 Bath
● 2,086 Sq. Ft.
● Year Built: 1961
● On the MLS at $749,700
● Purchased on 3/13/2007 $900,000
● For a loss of $150,300

Boats float while home sinks!

3821 NE 27Th Av Lighthouse Point, FL 33064 MLS ID# F864301

● 3 Bed, 3 Bath
● 2,508 Sq. Ft.
● Year Built: 1969
● On the MLS at $849,000
● Purchased on 1/29/2007 $1,350,000
● For a loss of $501,000

Subprime this ain't, but its submarine as it dives underwater

2740 NE 48Th St Lighthouse Point, FL 33064 MLS ID# F755198

● 5 Bed, 5.5 Bath
● 6,600 Sq. Ft.
● No Fixed Bridges
● On the MLS at $1,999,999
● Purchased on 11/28/2005 $2,165,000
● For a loss of $165,001
● according to zip on mkt for 517 days. listed on 8/5/06 and
filed for div on 8//11/06. - Thanks to Ms. Jupiter for this update

Holy hair cut!

2130 NE 30Th St Lighthouse Point, FL 33064 MLS ID# F900971

● 3 Bed, 2 Bath
● 1,757 Sq. Ft.
● 1 FIXED BRIDGE
● Year Built: 1957
● On the MLS at $599,000
● Purchased on 9/15/2006 $1,300,000
● For a loss of $701,000

Losing money on McMansion made easy

2901 NE 23Rd Ct Pompano Beach, FL 33062 MLS ID# F896100

● 5 Bed, 4 Bath
● 5,082 Sq. Ft.
● 0.33 Acres
● 120' of deepwater
● Year Built: 1992
● On the MLS at $1,375,000
● Purchased on 12/14/2005 $1,729,000
● For a loss of $354,000

Water front sinks tanking loan owners

2841 NE 11Th St Pompano Beach, FL 33062 MLS ID# F842058

● 3 Bed, 2.5 Bath
● 2,473 Sq. Ft.
● 0.2 Acres
● On the MLS at $899,000
● Purchased on 7/26/2005 $1,275,000
● For a loss of $376,000

Banker loses more than half the loan!

2585 SE 9Th St Pompano Beach, FL 33062 MLS ID# M1176646

● 3 Bed, 2 Bath
● 2,309 Sq. Ft.
● Year Built: 1967
● Property Owner CREDIT BASED ASSET SERVICING AND SECURITIZATION LLC
● On the MLS at $649,900
● Purchased on 5/5/2006 $1,300,000
● For a loss of $650,100

History!

5/05/2006 $1,300,000
6/17/2005 $1,150,000
4/03/1995 $287,500
2/01/1978 $129,000

Do the neighbors know what this house is going to do to their comps? This house has actually lost a hundred dollars more than the listing price!

Sub-prime crisis unfolding & Stuff...

RE: the sub-prime crisis.
Hollow US Economy Revealed By Housing Bust - Madland on CNN

“According to CNN, Goldman Sachs research reveals 30% of mortgages nationwide, or 15,000,000 homes, are now worth less than the mortgages people are paying for them”.

A few DailyKos diaries worth reading:

• Feb 16, 2008: Bush Threw You Out of Your Home.


• Feb 17, 2008: The crisis is so bad the financial press turns bolshie.


• Feb 18, 2008: Financial Markets Are Getting Worse.


• Feb 18, 2008: Capitalism is DEAD-- GET OVER IT!!!


• Feb 20, 2008: Borrow - It's simply the patriotic thing to do (1929).


• Feb 22, 2008: Mortgage Bailout Closer, and what it means.


• Feb 22, 2008: Is your house under water?


• Feb 24, 2008: 2 housing crisis proposals Democrats should support.

The links and comments in the above mentioned diaries are very illuminating.

The diarist of: Capitalism is DEAD-- GET OVER IT!!! writes:

“The only thing capitalism is good for really is creating garbage. Seriously. I have observed that most of the things that we labor over is destined to go in the garbage. I have worked as a graphic designer for newspapers and magazines for 20 years, and it is interesting, all of my work ended up in the garbage. As it is for most Americans”.

The quote above is clearly illustrated in the informative video: The Story of Stuff: “…buying less may be the best option of all. Less pollution. Less Waste. Less time working to pay for the stuff. Sometimes, less really is more”.

Prices in free fall or why this unit is unsold

804 NE 7Th Street Unit: 1B Fort Lauderdale, FL 33304 MLS ID# F876101

● 4 Bed, 4.5 Bath
● 2,860 Sq. Ft.
● Year Built: 2007,
● On the MLS at $649,999

Pricing history (Not selling history)

Started at $997,999/ $849,999/ $649,999

I don't have any dates because we went open-housing there and still have the "take-one", the first price was crossed off with the second being written in instead and that was about four or five months ago.

Suppose after you buy and fix it up, another banker moves in and starts new neglet?

621 NE 11Th Av Unit: 621 Fort Lauderdale, FL 33304 MLS ID# F897212

● 3 Bed, 3.5 Bath
● 2,307 Sq. Ft.
● Year Built: 2005
● Property Owner JPMORGAN CHASE BANK TRSTEE% COUNTRYWIDE HOME LOANS
● On the MLS at $327,900
● Purchased on 1/19/2005 $604,900
● For a loss of $277,000

CORPORATE OWNED. SOLD AS IS. COULD HAVE MOLD ISSUES. WILL NEED REPAIRS. BUYER PRE-QUAL LETTER FROM LOCAL COUNTRYWIDE LENDER OR PROOF OF FUND FOR CASH BUYER WITH ALL OFFERS.NO LETTER OF INTENT.

This is an attached townhouse,I'm sure the neighbors love livng next to a mouldering banker.

613 NE 11Th Av Unit: 613 Fort Lauderdale, FL 33304 MLS ID# F879482

● 3 Bed, 3.5 Bath
● 2,215 Sq. Ft.
● Year Built: 2005
● On the MLS at $388,000
● Purchased on 3/25/2005 $620,000
● For a loss of $232,000

Pre-Foreclosure - Priced to sell. in the heart of downtown Fort Lauderdale
***PRICED TO SELL***. BRING ALL OFFERS. Beautiful 3 bedroom, 3 bathroom, 3-story town home in the heart of downtown Fort Lauderdale. Roof top patio overlooks the city. Priced to sell, this home has an upgraded granite kitchen and marble bathrooms. Two car garage. Third floor makes the perfect work live loft office with downtown view. Close to Vicotria Park, the beach and Las Olas shopping and dining. Will not last.