TheSixteenthHour

Flipper Report the Continuation

2009-04-28T12:13:00.002-04:00

Once upon a time there was this house...

Then a bank had called it theirs until a flipper came along to offer this home a "make over".

When the bank took this house, the bank decided the forclosure was for $308,987 on 1/17/08.

The flipper purchased this house from the bank for a mere $234,500 on 5/7/08. And made it look like this...

Then the RealEstate games began! (links are broken due to old age)
20 Hickory Street Pt.Jefferson Sta, NY 11776 MLS ID# 2057598

● 3 Bed, 1.5 Bath
● 0.83 Acres
● Year Built: 1979
● On the MLS at $249,900
● Purchased on July 1999 $160,000
● Foreclosed (Sold) on 01/17/2008: $308,987
● On the MLS at $249,900
● On the MLS at $349,900

Bonus selling history courtesy of this place.
-2.78% change from first recorded price
Asking Price $350k as of 08/21/2008
Asking Price $360k as of 07/22/2008

And as they say in the movies, the story continues:

First a link to Zillow for sales data.

Old listing new MLS#!!!!
20 Hickory Street Pt.Jefferson Sta, NY 11776 MLS ID#2099420
● On the MLS at $319,900

TownHouse funnies, now with 40% less fun

2009-02-14T17:35:00.009-05:00

3112 NW 24TH TE 6, Oakland Park FL 33309 MLS ID# F935278

● 3 Bed, 2 Bath
● 1,501 Sq. Ft.
● Year Built 2008
● On the MLS at $175,000
●Purchased on 4/20/2007 for $309,000
● For a loss of $134,000 or about 43.3%

But hey what if you want new? I mean 2008 is so last year, well you are in luck they are still building townhouses similiar to this one here

A-(2)Antigua
From $206,990
1,537 Square Feet
3 Bedrooms
2 Bathrooms

B-(3)Bermuda
From $221,990
1,960 Square Feet
3 Bedrooms
3 Bathrooms

C-(1)Cayman
From $226,990
1,960 Square Feet
3 Bedrooms
2.5 Bathrooms

What have you got to lose? Well just ask our next fun loving townhouse.

2431 NW 31ST CT 19, Oakland Park FL 33309 MLS ID# F890837

● 3 Bed, 2.5 Bath
● 1501 sq. ft.
● Year built 2007
● On the MLS at $145,000
● Purchased on 1/19/2007for $299,000
● For a loss of $154,000 or about 51.5%

Negative equity more expensive then even high rents

2009-02-09T19:25:00.003-05:00

3200 PORT ROYALE DRN 1409, Fort Lauderdale FL 33308 MLS ID# F975765

● 2 Bed, 2 Bath
● 1,400 Sq. Ft.
● On the MLS at $260,000
●Purchased on 4/19/2005 for $395,000
● For a loss of $135,000 or about 34.1%

Note all the low rize buildings in the picture, they are all rental apartments, I know because I live in one of them. They rent for less then 2k per month even the ones on the water. But if this guy had rented one at 2k per month he'd be out less then 80k instead of 135k.

I guess I should factor in condo expenses, property tax's, and insurance none of which as a renter do I pay.

Seven months later and this house still isn't done losing money. Just like Pets.com.

2009-02-09T16:10:00.002-05:00

Blogged about back in June '08...

1515 Middle River Dr Fort Lauderdale, FL 33304 MLS ID# F867232

● 5 Bed, 5 Bath
● 3,250 Sq. Ft.
● 0.41 Acres
● On the MLS at $999,000
● Purchased on 5/6/2005 $1,268,000
● For a loss of $269,000 or about 21.2%

Today...

● On the MLS at $800,000
● For a loss of $468,000 or about 36.9%

This place loses about 28k per month since first blogged, given this why should anyone be willing to lend you money to buy even with 20% down with a loss rate like this even to someone with good credit can become incapacitated or die leaving the lender with a house worth less then the loan. So only people who happen to have $800k cold buy this house. Who has that kind of money and wants to buy into a falling market? Given how long this house has gone unsold I'd have to guess no one.

Oh and for some reason they changed the MLS# to F975518

Hanna on stage with Al Gore at Broward College

2008-10-31T16:48:00.001-04:00

Way to go girl!

Flipper, flipping and flopping since April

2008-09-18T13:54:00.004-04:00

20 Hickory Street Pt.Jefferson Sta, NY 11776 MLS ID# 2057598

● 3 Bed, 1.5 Bath
● 0.83 Acres
● Year Built: 1979
● On the MLS at $249,900
● Purchased on July 1999 $160,000
● Foreclosed (Sold) on 01/17/2008: $308,987

If you are wondering why I'm posting this place it's because one of my readers is very interested in it and you know who you are :)

Again I apologize if any of this information is incorrect but this house is a little out of my usual area so I'm using sources that I'm not fully comfortable with and some guess work as well.

Is my blog to blame for the broken link to realtor.com? Yes, yes it is, that is the power of my tiny unread blog to drive realtors nuts! Unless its not. Any way you can't hide from the Google! Courtesy of the Google a new unbroken link!!!

● On the MLS at $249,900

● On the MLS at $349,900

Bonus selling history courtesy of this place.

20 Hickory St, Port Jefferson Station, NY
-2.78% change from first recorded price
Asking Price $350k as of 08/21/2008
Asking Price $360k as of 07/22/2008

East of US1, suck on it Weston

2008-06-29T15:16:00.000-04:00

Um, Weston... People are selling nicer places along the shore for this price why the GAS would I pay you such? Oh yeah, swamp fumes killed your brain.

2008-06-28T13:00:00.000-04:00

1397 Victoria Isle Wy Weston, FL 33327 MLS ID# F899096

● 5 Bed, 3.5 Bath
● 5,153 Sq. Ft.
● 0.41 Acres
● On the MLS at $949,000
● Purchased on 12/20/2005 $1,140,000
● For a loss of $191000 or about 16.7%

2499 Princeton Ct Weston, FL 33327 MLS ID# F898730

● 6 Bed, 4.5 Bath
● 3,978 Sq. Ft
● 0.33 Acres
● On the MLS at $996,000
● Purchased on 9/16/2005 WD $1,170,000
● For a loss of $174,000 or about 14.8%

Bank losing money, move along.

2008-06-27T16:40:00.000-04:00

732 NE 7Th Av Unit: 732 Fort Lauderdale, FL 33304 MLS ID# F908296

● Property Owner M & T BANK
● 4 Bed, 3.5 Bath
● 2,429 Sq. Ft.
● Year Built: 2005
● On the MLS at $385,000
● Purchased on 11/22/2006 $655,000
● For a loss of $270,000 or about 41.2%

Downtown condos have downturn, could be worse could be houses

2008-06-26T09:42:00.000-04:00

410 NW 1 Avenue Unit: 302 Fort Lauderdale, FL 33301 MLS ID# F886939

● 2 Bed, 2 Bath
● 1,600 Sq. Ft.
● Year Built: 2007
● On the MLS at $449,000
● Purchased on 11/13/2007 $574,900
● For a loss of $125,900 or about 21.8%

434 NW 1St Av Unit: 201 Fort Lauderdale, FL 33301 MLS ID# F881715

● 2 Bed, 2 Bath
● Year Built: 2006
● On the MLS at $399,000
● Purchased on 10/25/2006 $499,900
● For a loss of $100,900 or about 20.1%

Oh man what is it with this building? This building should have a blog all its own.

2008-06-25T16:00:00.000-04:00

511 SE 5Th Av Unit: 2202 Fort Lauderdale, FL 33301 MLS ID# F937809

● New this week!
● 2 Bed, 2 Bath
● 1,248 Sq. Ft.
● On the MLS at $389,000
● Purchased on 3/30/2006 $541,000
● For a loss of $152,000 or about 28%

Michael in the comments shows my blog is poorly researched

2008-06-24T16:56:00.005-04:00

Ouch, I'm just looking at the simple stuff, seems things are even worse if you dig a little like:

Michael said...
Here is another good one.

115 ISLAND COVE WAY Ballenisles Palm Beach Gardens, FL 33418

Purchased for $985,000
with a first mortgage of $788,000 and a second for $197,000 or 100% Loan to Value or nothing down.
It was then refinanced in Nov 06 with a first of $932,000 and a second $233,000 total loan $1,165,000.

Current asking price $699,000 or a loss for the bank of $466,000 assuming they actually can sell at this price.

When Condo's attack! Short sale, or buy my place NOW or buy it from the bank later for less!!!!1!

2008-06-24T14:41:00.006-04:00

1033 NE 17Th Wy Unit: 704 Fort Lauderdale, FL 33309 MLS ID# D1283353

● New this week!
● 3 Bed, 3 Bath
● 2,571 Sq. Ft.
● On the MLS at $499,000
● Purchased on 10/26/2007 $710,000
● For a loss of $211,000 or about 29.7%

Oh to be a millionaire home owner, now at discount!

2008-06-21T17:37:00.007-04:00

9541 Eden Mnr Parkland, FL 33076 MLS ID# F905208

● 3 Bed, 2.5 Bath
● 2,984 Sq. Ft
● 0.39 Acres
● On the MLS at $788,000
● Purchased on 6/14/2007 $1,050,000
● For a loss of $262,000 or about 24.9%

9534 Exbury Ct Parkland, FL 33076 MLS ID# F912795

● 5 Bed, 4 Bath
● 3,444 Sq. Ft.
● 0.16 Acres
● On the MLS at $750,000
● Purchased on 1/19/2007 $1,084,800
● For a loss of $334,800 or about 30.8%

Parkland isn't just western sprawl it's prestigious sprawl! Stop laughing West Boca!!

2008-06-21T16:21:00.005-04:00

6300 NW 58Th Wy Parkland, FL 33067 MLS ID# F930054

● 3 Bed, 2.5 Bath
● 2,404 Sq. Ft.
● 0.17 Acres
● On the MLS at $349,000
● Purchased on 11/17/2006 $605,000
● For a loss of $256,000 or about 42.3%

History, lest we forget! Oh bubble, you certainly had your way with this house!

11/17/2006 $605,000
07/22/2004 $295,000
11/18/1997 $177,000
06/01/1989 $186,700

Almost 50% percent off its bubble, yawn... The carnage rages on.

2008-06-21T15:22:00.003-04:00

6222 Northwest 50Th St Coral Springs, FL 33067 MLS ID# H844103

● New this week!
● 3 Bed, 2 Bath
● 2,094 Sq. Ft.
● 0.18 Acres
● On the MLS at $237,000
● Purchased on 1/26/2007 $465,000
● For a loss of $228,000 or about 49%

Sales History:
1/26/2007 $465,000
9/25/2006 $389,000
11/8/2002 $245,000
2/24/1997 $154,500

Little house with not so little losses, was the last sale the foreclosure? Beats me!

2008-06-21T14:54:00.004-04:00

5838 Eagle Cay Ln Coconut Creek, FL 33073 MLS ID# H848193

● New this week!
● Property Owner LASALLE BANK NATL ASSN TRSTEE
● 3 Bed, 2 Bath
● 1,473 Sq. Ft.
● 0.07 Acres
● On the MLS at $209,900

Sales History:
05/12/2008 $294,300
05/31/2005 $315,000
10/12/2001 $152,000
11/26/1996 $112,500

Sales history is classic of the bubble! If we assume a value growth rate of 5% per year since it was built (just to speculate) the value of the home would be about $180,000 not adjusted for inflation. Of course 5% growth is just guess work given how undesireable living out in western sprawl with nearly zero public transport (busses that come a few times an hour would be all) and little to nothing walkable the growth might be nothing or even negative with every dollar fuel prices rise.

"4 STORY CORNER LOFT W/ PRIVATE ELEVATOR" I wonder how much elevator repairs cost?

2008-05-16T14:23:00.000-04:00

3258 Ne 15Th St. Unit: 3258 Pompano Beach, FL 33062 MLS ID# F844215

● 3 Bed, 3.5 Bath
● 2,292 Sq. Ft
● Year Built: 2005
● On the MLS at $625,000
● Purchased on 9/7/2005 $735,000
● For a loss of $110000 or about 14.9%

And look at that stair case! How are you supposed to get furniture into and out of this place? Notice how there are no pictures of THE ELEVATOR?

This post brought to you by commenter- big john: Here is a classic, this house is in Ibis Golf and Country Club off Northlake BLVD

2008-05-15T16:21:00.003-04:00

9012 Sand Pine Lane West Palm Beach, FL 33412 MLS ID# R2890557

● 3 Bed, 2 Bath
● 2,420 Sq. Ft.
● Year Built: 2003
● On the MLS at $225,000
● Purchased on Dec-2006 $370,000
● For a loss of $145,000 or about 39.1%

Banker losing money on over priced townhouse, but its in a good area east of US1

2008-05-15T16:06:00.003-04:00

2461 NE 14Th St Unit: 2461 Pompano Beach, FL 33062 MLS ID# F907946

● Property Owner HSBC MORTGAGE SERVICES INC
● 3 Bed, 3.5 Bath
● 1,832 Sq. Ft
● Year Built: 2000
● On the MLS at $294,900
● Purchased on 7/11/2006 $405,000
● For a loss of $110,100 or about 27.1%

Sales history:
7/11/2006 $405,000
7/30/2001 $229,900

Zero $'s exempt, green pool ='s house investment gone wrong? Oh yeah!

2008-05-11T16:42:00.003-04:00

3820 NW 78Th Ln Coral Springs, FL 33065 MLS ID# F923074

● 3 Bed, 2 Bath
● 1,681 Sq. Ft.
● Year Built: 1975
● On the MLS at $198,000
● Purchased on 8/30/2006 $390,000
● For a loss of $192000 or about 49.2%

Time to play lying or stupid?

2008-05-11T16:23:00.004-04:00

3505 NW 82Nd Av Coral Springs, FL 33065 MLS ID# F927385

● New this week!
● Property Owner MONTERROSA,EDGAR
● Mailing Address 3505 NW 82 AVE CORAL SPRINGS FL 33065-4537
● 4 Bed, 2 Bath
● 2,258 Sq. Ft
● 0.28 Acres
● Year Built: 1970
● On the MLS at $199,500
● Purchased on 1/21/2005 $340,000
● For a loss of $140,500 or about 41.3%

From the realtors comments on the mls posting:

-Bank Owned property located in a residential community of tree-lined streets.Lots of upside to this home.All offers to be faxed to the L.A. including buyer pre-qual or proof of funds.

Um, it isn't bank owned as far as Broward county has to say.

Corprate owned in Coral Springs, this isn't the house your looking for, move along.

2008-05-11T16:01:00.004-04:00

2542 NW 82Nd Te Coral Springs, FL 33065 MLS ID# F926932

● New this week!
● Property Owner FEDERAL NATIONAL MORTGAGE ASSN C/O CITIMORTGAGE INC
● 3 Bed, 2 Bath
● 1,622 Sq. Ft.
● Year Built: 1972
● On the MLS at $204,900
● Purchased on 6/20/2006 $340,000
● For a loss of $135,100 or about 39.7%

New update on protected house comp down $40k, now is a terrible time to buy STILL

2008-05-04T16:07:00.004-04:00

1041 SW 17TH St Boca Raton, FL 33486 MLS ID# R2760581

● 4 Bed, 3 Bath
● 3,276 Sq. Ft.
● Year Built: 1981
● Was on the mls back in February at $429,00
● On the MLS at $399,000
● Purchased on Jan-2006 $639,300
● For a loss of $240,300 or about 37.5%

783 CAMINO LAKES Cir Boca Raton, FL 33486 MLS ID# R2800922

● 4 Bed, 2.5 Bath
● 3,330 Sq. Ft.
● Year Built: 1978
● On the MLS at $549,000

Protected we were told by a realtor who told us in no uncertain terms during an open house that it would definetly sell for the high 500's. OH OH!

But credit on stuborness seller

You paid over half a million for a home with a pool on a through intersection?! You know you are going to find a car in that pool someday.

2008-05-03T17:02:00.003-04:00

5062 NW 57Th Wy Coral Springs, FL 33067 MLS ID# F778411

● 4 Bed, 3 Bath
● 3,214 Sq. Ft.
● Year Built: 1999
● On the MLS at $425,000
● Purchased on 8/25/2005 $636,000
● For a loss of $211,000 or about 33.1%

Parkland is better then Boca, that's what some used home sales women told us so this bubble house must be better

2008-05-03T16:38:00.006-04:00

6040 NW 68Th St Parkland, FL 33067 MLS ID# F925181

● New this week!
● 4 Bed, 3.5 Bath
● 2,862 Sq. Ft.
● 0.25 Acres
● Year Built: 1989
● On the MLS at $459,000
● Purchased on 4/12/2005 $600,000
● For a loss of $141,000 or about 23.5%

How exciting a condo was sold that I blogged about! What are the chances this will be a wise purchase? Stop laughing.

2008-05-02T18:40:00.005-04:00

Revisit to the Down Town Downers Melt Down Town aka The Waverly

110 N Federal Hy Unit: 821 Fort Lauderdale, FL 33301 MLS ID# F869838

● 2 Bed, 2 Bath
● Was on the MLS at $339,000 back in Feburary and it finaly...
● Sold on 4/1/2008 $305,000
● For a loss of $98,000

It's boarded up, bank owned and the "water view" is a ditch AND it's still over priced

2008-05-02T17:34:00.006-04:00

511 SW 83Rd Av North Lauderdale, FL 33068 MLS ID# F925620

● New this week
● Property Owner CREDIT BASED ASSET SERVICING & SECURITIZATION LLC
● 3 Bed, 2 Bath
● Year Built: 1974
● On the MLS at $149,900
● Purchased on 3/16/2006 $265,000
● For a loss of $115,100 or about 43.4%

Big houses, little houses makes no difference the tune remains the same, I'll go with dirge

2008-05-02T17:12:00.003-04:00

6111 Southwest 16Th Ct North Lauderdale, FL 33068 MLS ID# H845735

● New this week
● 3 Bed, 2 Bath
●1,109 Sq. Ft.
● Year Built: 1962
● On the MLS at $149,000
● Purchased on 8/24/2005 $230,000
● For a loss of $81,000 or about 35.2%

Sales History:

08/24/2005 $230,000
12/11/2003 $145,000
06/24/2003 $103,000
12/30/1997 $74,000

Update: Bank losing money nothing to see here move along part the second

2008-04-25T15:53:00.001-04:00

1601 NW 115Th Te Plantation, FL 33323 MLS ID# F887277

● Property Owner CITIBANK % EMC MORTGAGE CORPORATION
● 5 Bed, 4 Bath
● 4,570 Sq. Ft.
● Year Built: 1990
● Was on the MLS at $724,900
● Now On the MLS at $670,500
● Purchased on 5/11/2006 $1,300,000
● Former loss of $575,100 or about 44.2%
● Current losst of 629,500 or about 48.4%

So one month later "the market" has fallen over four percent! Assume six months and you can write off another 25% of this house's value, that's over a $150k. And 12 months, well let's just say buying now at any price is such a bad, bad gamble.

link back to previous post

No matter where you look its all the same news

2008-04-23T15:10:00.002-04:00

4813 SE GRAHAM DR Stuart, FL 34997 MLS ID# R2917313

● New this week!
● 4 Bed, 2 Bath
● Year Built: 2006,
● On the MLS at $240,000
● Purchased on $387,800 Sale Date 4/3/2006
● For a loss of $147,800 or about 38.1%

Oh look all your neighbors have pools and you don't

2008-04-22T20:49:00.003-04:00

11701 NW 23Rd St Plantation, FL 33323 MLS ID# F891247

● 3 Bed, 2 Bath
● Year Built: 1996
● On the MLS at $279,900
● Purchased on 10/8/2004 $430,000
● For a loss of $150,100 or about 34.9%

Almost half a million for a condo and it wasn't even on the beach, what were you thinking?

2008-04-22T20:26:00.002-04:00

2901 NW 126th # 102 Sunrise, FL 33323 MLS ID# R2872279

● 2 Bed, 2.5 Bath
● 2,082 Sq. Ft.
● Year Built: 2007
● On the MLS at $289,000
● Purchased on 7/5/2007 $475,900
● For a loss of $186,900 or about 39.2%

Water front, swimming pool, lovely landscaping and a pending forclosure, priceless!

2008-04-21T20:45:00.005-04:00

3304 NE 40Th St Fort Lauderdale, FL 33308 MLS ID# F903958l

● 3 Bed, 2.5 Bath
● 2,866 Sq. Ft.
● Year Built: 1974
● On the MLS at $1,200,000
● Purchased on 5/12/2006 $1,670,000
● For a loss of $470,000 or about 28.1%

Semi-private island, nice

2008-04-20T17:30:00.003-04:00

3280 S Terra Mar Dr Lauderdale By the Sea, FL 33062 MLS ID# R2912422

● 3 Bed, 3 Bath
● 2,300 Sq. Ft.
● Year Built: 1954
● On the MLS at $729,000
● Purchased on 9/13/2005 $944,300
● For a loss of $215,300 or about 22.7%

Hey I can see this house from my apartment! (almost)

2008-04-20T16:54:00.003-04:00

1973 SE 16Th Ct Lauderdale By The Sea, FL 33062 MLS ID# F906531

● Property Owner CHASE HOME FINANCE LLC % CHASE HOME FINANCE LLC
● 2 Bed, 2 Bath
● 1,768 Sq. Ft.
● Year Built: 1955
● On the MLS at $384,900
● Purchased on 1/11/2007 $840,000
● For a loss of $455,100 or about 54.1%

This is scary, east of US1 quality area

2008-04-20T15:37:00.005-04:00

2620 SE 1St Ct Pompano Beach, FL 33062 MLS ID# F901285

● 2 Bed, 2 Bath
● 2,041 Sq. Ft.
● Year Built: 1956
● On the MLS at $279,000
● Purchased on 10/12/2006 $525,000
● For a loss of $246,000 or about 46.8%

2711 NE 23Rd St Pompano Beach, FL 33062 MLS ID# F837053

● 4 Bed, 2.5 Bath
● 2,650 Sq. Ft.
● Year Built: 1957
● On the MLS at $350,000
● Purchased on 8/19/2005 $559,000
● For a loss of $209,000 or about 37.3%

2681 NE 16Th St Pompano Beach, FL 33062 MLS ID# D1259800

● Property Owner EMC MORTGAGE CORP
● 5 Bed, 3 Bath
● 3,087 Sq. Ft.
● Year Built: 1958
● On the MLS at $390,750
● Purchased on 12/8/2006 $700,000
● For a loss of $309,250 or about 44.1%

1.4 million now less then a mill, and I'll guess lower still

2008-04-18T16:17:00.004-04:00

2340 SE 8Th Ct Pompano Beach, FL 33062 MLS ID# M1114477

● 3 Bed, 2 Bath
● Year Built: 1959
● 2,318 sq ft
● On the MLS at $900,000
● Purchased on 8/30/2005 $1,400,000
● For a loss of $500,000 or about 35.7%

Bag holder, what this "owner" is

2008-04-18T15:51:00.002-04:00

2519 SE 10Th St Pompano Beach, FL 33062 MLS ID# F885959

● 4 Bed, 3 Bath
● 2,293 Sq. Ft
● Year Built: 1958
● On the MLS at $799,000
● Purchased on 11/14/2006 $1,400,000
● For a loss of $601,000 or about 42.9%

Bubble History:

11/14/2006 $1,400,000
08/16/2004 $802,700
06/20/2003 $434,900
05/01/1993 $255,000
12/01/1978 $119,000

Honestly, you paid over a million for this crap house?

2008-04-18T15:35:00.002-04:00

1841 W TERRA MAR DR Pompano Beach, FL 33062 MLS ID# R2904753

● Property Owner BANK OF NEW YORK TRUSTEE
● 2 Bed, 2 Bath
● Year Built: 1955
● 2,050 Sq. Ft.
● On the MLS at $799,000
● Purchased on 10/18/2005 $1,200,000
● For a loss of $401,000 or about 33.4%

This one is on the island side of the intracoastal very rich, but not as much now

2008-04-18T15:08:00.002-04:00

1921 SE 18Th St Lauderdale By The Sea, FL 33062 MLS ID# F922142

● Property Owner WASHINGTON MUTUAL BANK FA % FIDELITY/WASHINGTON MUTUAL
● New this week!
● 3 Bed, 3 Bath
● Year Built: 1959
● On the MLS at $689,900
● Purchased on 3/31/2006 $1,100,000
● For a loss of $410,100 or about 37.2%

Almost a million dollar home no more

2008-04-18T14:24:00.004-04:00

2612 SE 9TH ST Pompano Beach, FL 33062 MLS ID# R2892077

● Property Owner WELLS FARGO BANK C/O FIDELITY/OPTION ONE
● 3 Bed, 2 Bath
● 1,900 Sq. Ft.
● Year Built: 1958
● On the MLS at $529,900
● Purchased on 4/27/2006 $950,000
● For a loss of $420,100 or about 44.2%

Sales history:

4/27/2006 $950,000
5/16/2005 $825,000
8/28/2003 $595,000

Canal house still about 200k over priced, if you ask my opinion

2008-04-18T13:50:00.003-04:00

2349 SE 12Th St Pompano Beach, FL 33062 MLS ID# D1246036

● 3 Bed, 1.5 Bath
● Year Built: 1965
● On the MLS at $600,000
● Purchased on 2/15/2006 $825,000
● For a loss of $225,000 or about 27.2%

Bonus Sales History:
02/15/2006 $825,000
12/12/1997 $206,000
10/01/1993 $195,000
05/01/1990 $141,000

Pre-Construction pricing 3 years post construction

2008-04-16T14:00:00.002-04:00

3001 S Ocean Dr Unit: 939 E Hollywood, FL 33019 MLS ID# M1199053

● 1 Bed, 1 Bath
● 817 Sq. Ft.
● Year Built: 2005
● On the MLS at $180,000
● Purchased on 6/24/2005 $300,000
● For a loss of $120,000 or about 40%

Sales history:

6/24/2005 $300,000
4/01/2005 $193,900

Letting the air out of the bubble circa 2004, no bottom in this here year either

2008-04-16T13:11:00.002-04:00

2501 S Ocean Dr Unit: 536 Hollywood, FL 33019 MLS ID# D1266644

● New this week!
● 2 Bed, 2 Bath
● Year Built: 2004
● On the MLS at $359,000
● Purchased on 6/21/2006 $597,000
● For a loss of $238,000 or about 39.8%

Bonus sales history!

6/21/2006 $597,000
6/16/2005 $408,000
9/30/2004 $344,000

But I don't want it at over half a million because its still over priced, duh!

2008-04-16T11:18:00.005-04:00

3001 S Ocean Dr Unit: 1611 Hollywood, FL 33019 MLS ID# M1168289

● 3 Bed, 2 Bath
● Year Built: 2005
● On the MLS at $575,000
● Purchased on 12/23/2005 $995,000
● For a loss of $420,000 or about 42.2%

6001 N Ocean Dr Unit: 803 Hollywood, FL 33019 MLS ID# M1191590

● 2 Bed, 2.5 Bath
● 1,800 Sq. Ft.
● Year Built: 2000
● On the MLS at $555,000
● Purchased on 3/22/2006 $950,000
● For a loss of $395000 or about 41.5%

Boca Raton bubbled and burst no better no worse

2008-04-14T14:34:00.004-04:00

410 7th Ter Boca Raton, FL 33486 MLS ID# R2914252

● New this week!
● 2 Bed, 2 Bath
● 1,885 Sq. Ft.
● On the MLS at $259,900
● Purchased on Nov-2005 $419,900
● For a loss of $160,000 or about 38.1%

Oh hey look the exact same guy "owns" this house too! Real Estate investor!!

851 Sw 7th St Boca Raton, FL 33486 MLS ID# R2914253

● New this week!
● 2 Bed, 2 Bath
● 1,949 Sq. Ft.
● Year Built: 1963
● On the MLS at $274,900
● Purchased on Nov-2005 $419,900
● For a loss of $145000 or about 34.5%

Latest UPDATE! Protected neighborhood house loses some protection

2008-04-14T13:09:00.005-04:00

TheSixteenthHour prior blog post on this house

783 CAMINO LAKES Cir Boca Raton, FL 33486 MLS ID# R2800922

We were told in no uncertain terms about 7 or 8 months ago that this neighborhood was "protected" and that this house would sell for the high 500's by its realestator at an open house. And I'm jut going to keep repeating it here.

Now on the mls at $549,000

And just a reminder here's the nearly identical house in the same area:

1041 SW 17TH St Boca Raton, FL 33486 MLS ID# R2760581

● 4 Bed, 3 Bath
● 3,276 Sq. Ft.
● Year Built: 1981
● On the MLS at $429,000 back in Feburary now at $399,000
● Purchased on Jan-2006 $639,300
● For a loss of $240,300 or about 37.5%

Oh hey look at this one! Number 1 on map, number 2 is the protected house.

921 SW 19th St Boca Raton, FL 33486 MLS ID# R2914527

● New this week!
● 2 Bed, 2 Bath
● 2,136 Sq. Ft.
● Year Built: 1977
● On the MLS at $319,000
● Purchased on Sep-2004 $380,000
● For a loss of $61,000 or about 16%

"NO LETTERS OF INTENT/NO VERBAL OFFERS." Don't worry at this price you won't be getting any!

2008-04-08T17:35:00.002-04:00

1850 S Ocean Dr Unit: 1407 Hallandale, FL 33009 MLS ID# F895163

● Property Owner U S BANK NATIONAL ASSN % ADVANTA/CHASE MTGE CO
● 2 Bed, 3 Bath
● Year Built: 2007
● On the MLS at $505,000
● Purchased on 5/4/2006 $910,000
● For a loss of $405,000 or about 44.5%

I have some bad news for you, your neighbor is underselling you at a huge PROFIT!

2008-04-08T14:54:00.003-04:00

3161 South Ocean Dr Unit: 705 Hallandale, FL 33009 MLS ID# H844407

● New this week!
● 2 Bed, 2 Bath
● Year Built: 1971
● On the MLS at $239,500
● Purchased on 11/24/2006 $370,000
● For a loss of $130,500 or about 35.2%

Sales History Bonus!
11/24/2006 $370,000
11/09/1999 $87,000
09/21/1996 $66,000
12/01/1987 $58,000

3161 South Ocean Dr Unit:309 Hallandale, FL 33009 MLS ID# M1160994

● 2 Bed, 2 Bath
● Year Built: 1971
● On the MLS at $175,000
● Purchased on 4/1/1978 $37,000
● For a GAIN of $138,000 or about 372.9%

Brand New Construction, almost.

2008-04-02T14:17:00.004-04:00

5378 SW 183Rd Av Miramar, FL 33029 MLS ID# F902832

● 4 Bed, 3 Bath
● 3,146 Sq. Ft.
● Year Built: 2007
● On the MLS at $569,000
● Purchased on 4/20/2007 $654,100
● For a loss of $85,100 or about 13%

And still more swampland underwater, do you even care any more? I didn't think so.

2008-04-02T11:52:00.009-04:00

2213 SW 173Rd Av Miramar, FL 33029 MLS ID# F906897

● 3 Bed, 2 Bath
● 1,651 Sq. Ft.
● Year Built: 1997
● On the MLS at $249,942
● Purchased on 9/15/2005 $355,000
● For a loss of $105,058 or about 29.5%

The asking price ending in "942" was so wierd I was sure it was REO or you know bank owned, sign of the times or what that you want buyers to think its a foreclosure in order to sell?

Sales History Bonus!

9/15/2005 $355,000
7/08/2003 $214,000
1/17/1997 $129,400

2567 SW 177Th Av Miramar, FL 33029 MLS ID# F892817

● Property Owner U S BANK NATIONAL ASSN % AMERICA'S SERVICING COMPANY
● 4 Bed, 2 Bath
● 1,672 Sq. Ft.
● Year Built: 1996
● On the MLS at $265,000
● Purchased on 3/8/2006 $400,000
● For a loss of $135,000 or about 33.7%

Oh, and here is one actually bank owned with out a wierd price go figure.

Fun with sales history part 2:

3/08/2006 $400,000
7/13/2001 $144,000
5/03/1995 $127,700

4145 SW 190Th Av Miramar, FL 33029 MLS ID# M1224071

● New This Week!
● 5 Bed, 3.5 Bath
● 4,610 Sq. Ft.
● Year Built: 2003
● On the MLS at $599,000
● Purchased on 1/29/2007 $950,000
● For a loss of $351,000 or about 36.9%

19433 SW 55Th St Miramar, FL 33029 MLS ID# M1211970

● 6 Bed, 4 Bath
● 4,239 Sq. Ft.
● Year Built: 2004
● On the MLS at $593,812
● Purchased on 4/30/2007 $950,000
● For a loss of $356,188 or about 37.4%

UPDATED,UPDATE: If any or all of the info in this post is in error, then... Happy April Fools Day!

2008-04-01T17:35:00.006-04:00

Lighthouse Point short sale not selling shortly

2008-03-31T17:48:00.002-04:00

1960 30TH CT Lighthouse Point, FL 33064 MLS ID# H842347

● 4 Bed, 2 Bath
● 2,473 Sq. Ft.
● Year Built: 1969
● On the MLS at $449,999
● Purchased on 3/27/2007 $675,000
● For a loss of $225,001 or about 33.3%

Bonus sales History!

03/27/2007 $675,000
10/24/2000 $242,500
09/29/1998 $205,000
08/01/1970 $42,500

Another house underwater and still way, way over priced this one is going to the bank baby and you can bank on that.

Short sale or foreclosure is there any question? Short anwer NO, long answer Hell NO!

2008-03-27T19:14:00.002-04:00

2421 NE 65Th St Unit: 2-414 Fort Lauderdale, FL 33308 MLS ID# F894505

● 3 Bed, 2 Bath
● 1,557 Sq. Ft.
● Year Built: 2006
● On the MLS at $264,000
● Purchased on 12/14/2006 $384,900
● For a loss of $120,900 or about 31.4%

The TIDES AT BRIDGESIDE SQUARE CONDO revisited

2008-03-27T17:59:00.002-04:00

3020 NE 32Nd Av Unit: 620 Fort Lauderdale, FL 33308 MLS ID# M1215062

● Property Owner GMAC MORTGAGE LLC
● 2 Bed, 2 Bath
● 1,200 Sq. Ft.
● Year Built: 2001
● On the MLS at $315,000
● Purchased on 12/30/2005 $565,000
● For a loss of $250,000 or about 44.2%

And click this link to see more of these units in an older post.

Living on the straight and narrow on the way down

2008-03-27T17:28:00.002-04:00

2012 Coral Heights Ct Unit: 105 Fort Lauderdale, FL 33308 MLS ID# F857363

● 3 Bed, 3.5 Bath
● 1,906 Sq. Ft.
● Year Built: 2006
● On the MLS at $359,000
● Purchased on 10/27/2006 $460,000
● For a loss of $101,000 or about 21.9%

And time to play sinking fast, but still over priced

2008-03-20T17:15:00.002-04:00

12000 NW 33Rd St Sunrise, FL 33323 MLS ID# D1259123

● 2 Bed, 2 Bath
● 1,387 Sq. Ft.
● Year Built: 1982,
● On the MLS at $199,500
● Purchased on 9/15/2006 $350,000
● For a loss of $150,500 or about 43%

New this week!

2008-03-20T16:12:00.003-04:00

12300 NW 21St Ct Plantation, FL 33323 MLS ID# F915125

● 3 Bed, 2.5 Bath
● 2,485 Sq. Ft.
● Year Built: 1988,
● On the MLS at $575,000
● Purchased on 1/11/2006 $725,000
● For a loss of $150,000 or about 20.6%

Udate: Bank losing money nothing to see here move along part the second

2008-03-20T15:34:00.004-04:00

Just another bank losing money nothing to see here

2008-03-19T14:27:00.001-04:00

2524 NE 37Th St Fort Lauderdale, FL 33308 MLS ID# F914316

● Property Owner DEUTSCHE BANK NAT'L TR CO TRSTEE C/O WILSHIRE FINANCIAL CORP
● New this week!
● 3 Bed, 2 Bath
● 2,213 Sq. Ft.
● Year Built: 1960
● On the MLS at $509,900
● Purchased on 12/22/2006 $715,000
● For a loss of $205,100 or about 28.6%

Million dollar manors marked down

2008-03-19T13:02:00.006-04:00

3100 NE 47Th St Fort Lauderdale, FL 33308 MLS ID# F909027

● 4 Bed, 5 Bath
● 4,371 Sq. Ft.
● Year Built: 1979
● On the MLS at $975,000
● Purchased on 2/19/2003 $1,100,000
● For a loss of $125,000 or about 11.3%

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

● 3 Bed, 3 Bath
● 2,312 Sq. Ft.
● Year Built: 1967
● PRE-FORECLOSURE/SHORT SALE
● On the MLS at $925,000
● Purchased on 7/5/2006 $1,215,000
● For a loss of $290,000 or about 23.8

5720 Bayview Dr Fort Lauderdale, FL 33308 MLS ID# F896239

● Property Owner OPTION ONE MORTGAGE CORP
● 3 Bed, 3 Bath
● 2,549 Sq. Ft.
● Year Built: 1968
● On the MLS at $749,900
● Purchased on 9/29/2005 $1,175,000
● For a loss of $425,100 or about 36.1%

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 $649,999
● Purchased on 12/16/2005 $950,000
● For a loss of $300,001 or about 31.5%

Hey look some successful sales in Imperial Point

2008-03-19T11:36:00.004-04:00

5921 NE 22 TER FORT LAUDERDALE FL 33308-2616

● 2 bed 1.5 bath
● 1,335 Sq Ft.
● year built 1963
● NOT On the MLS! But formaly listed as $299.9k reduced from $325K
● SOLD!!!!! 2/19/2008 $275,000
● For a GAIN of $158,000 or about 57.4%

170 SE 12 CT POMPANO BEACH FL 33060

● 3 bed 2 bath
● Sq ft: 1,372
● Year built: 1960
● NOT On the MLS SOLD! But formaly listed at $439,000
● Purchased on 2/20/2008 $375,500
● For a GAIN of $99,700 or about 36.1%

Photo not recent but the listing is!

2008-03-18T18:00:00.004-04:00

2731 NE 15Th St Unit: 2731 Fort Lauderdale, FL 33304 MLS ID# F913563

● New this week!
● 3 Bed, 3.5 Bath
● 3,623 Sq. Ft.
● Year Built: 2007
● On the MLS at $1,250,000
● Purchased on 2/26/2007 $1,550,000
● For a loss of $300,000 or about 19.3%

More townhouse fun in Victoria Park!

2008-03-18T16:34:00.003-04:00

611 NE 11Th Av Unit: 611 Fort Lauderdale, FL 33304 MLS ID# M1216235

● Property Owner TR CONSULTING INC
● 3 Bed, 2 Bath
● Year Built: 2005
● On the MLS at $379,999
● Purchased on 11/1/2005 $665,000
● For a loss of $285,001 or about 42.8%

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
● "Pre-Foreclosure - Priced to sell."
● On the MLS at $388,000
● Purchased on 3/25/2005 $620,000
● For a loss of $232,000 or about 37.4%

REO Townhome in the park in Victoria park

2008-03-18T16:07:00.002-04:00

732 NE 7Th Av Unit: 732 Fort Lauderdale, FL 33304 MLS ID# F908296

● Property Owner M & T BANK
● 4 Bed, 3.5 Bath
● 2,429 Sq. Ft.
● Year Built: 2005
● On the MLS at $446,500
● Purchased on 11/22/2006 $655,000
● For a loss of $208,500 or about 31.8%

Subdivision: Rio Vista, Expensive! But still living in a sinking market.

2008-03-17T17:04:00.003-04:00

1009 SE 7Th St Fort Lauderdale, FL 33301 MLS ID# M1215461

● 3 Bed, 3 Bath
● 1,596 Sq. Ft.
● Year Built: 1950
● On the MLS at $474,900
● Purchased on 2/9/2005 $585,714
● For a loss of $110,814 or about 18.9%

When bad news gets extra ugly

2008-03-17T14:30:00.004-04:00

423 NE 8 Avenue Fort Lauderdale, FL 33301 MLS ID# F828393

● 3 Bed, 1 Bath
● 1,244 Sq. Ft.
● Year Built: 1946
● On the MLS at $399,000
● Purchased on 12/16/2004 $442,000
● For a loss of $43,000 or about 9.7%

Now as these things go this hardly seems worth blogging about, but this one has some personal import. Because back in October of last year my wife and I had gone open housing in the area and picked up the "take one flyer" which even back then was priced below the purchase price of $439,000 and as of today 169 days on the market since that flyer was printed up.

And to add to all this I'm hearing anecdotal stories that real estate agents are only accepting listings if you agree to list it with them for at least one full year!

But wait there's more!

Property Assessment Values 2007: $522,290 tax bill:$10,448.18! Yes, the tax man is valuing this place over a 122k higher then the current asking price (or sitting price in this case)! Talk about injustice.

Nice place to foreclose on.

2008-03-13T15:02:00.002-04:00

7542 NW 23Rd St Pembroke Pines, FL 33024 MLS ID# D1242194

● 4 Bed, 3 Bath
● 2,486 Sq. Ft.
● 0.29 Acres
● On the MLS at $400,000
● Purchased on 7/1/2006 $562,000
● For a loss of $162,000 or about 28.8%

Really? 305k for this house! And now it's bank owned, I'm shocked, simply SHOCKED!!! $310 per square foot is only reasonable!!!!!! !!! ! !

2008-03-13T14:11:00.005-04:00

8130 NW 16Th St Pembroke Pines, FL 33024 MLS ID# F911226

● Property Owner LIQUIDATION PROPERTIES INC % CITI RESIDENTIAL LENDING INC
● 2 Bed, 1 Bath
● 981 Sq. Ft.
● Year Built: 1972
● On the MLS at $139,900
● Purchased on 2/15/2007 $305,000
● For a loss of $165,100 or about 54.1%

$45,100 cheaper then next priced home in this zip code!

2008-03-11T22:48:00.019-04:00

12471 SW 45Th Dr Miramar, FL 33332 MLS ID# D1257703

● 4 Bed, 2.5 Bath
● 2,161 Sq. Ft.
● 0.12 Acres
● On the MLS at $299,900
● Purchased on 12/11/2006 $470,000
● For a loss of 170,100 or about 36.1%

19353 SW 60Th Ct Pembroke Pines, FL 33332 MLS ID# M1205092

● 3 Bed, 2 Bath
● 2,290 Sq. Ft
● 0.13 Acres
● Year Built: 2003,
● On the MLS at $345,000
● Purchased on 8/3/2005 $430,000
● For a loss of $85,000 or about 19.7%

19364 SW 60Th Ct Pembroke Pines, FL 33332 MLS ID# M1197867

● Property Owner PLEDGED PROPERTY II LLC % LITTON LOAN SERVICING LP
● 4 Bed, 2 Bath
● 2,486 Sq. Ft.
● 0.13 Acres
● Year Built: 2003,
● On the MLS at $369,900
● Purchased on 10/8/2005 $525,000
● For a loss of $155,100 or about 29.5%

19345 SW 66Th St Pembroke Pines, FL 33332 MLS ID# F911719

● New this week!
● 3 Bed, 2 Bath
● 2,074 Sq. Ft.
● 0.16 Acres
● Year Built: 2001
● On the MLS at $359,000
● Purchased on 1/19/2006 $440,000
● For a loss of $81,000 or about 18.4%

19452 SW 68Th St Pembroke Pines, FL 33332 MLS ID# F891421

● Property Owner DEUTSCHE BANK NAT'L TRUST CO TRS MAIL STOP HS 01-04
● 4 Bed, 3 Bath
● 2,486 Sq. Ft.
● 0.13 Acres
● Year Built: 2002
● On the MLS at $390,000
● Purchased on 3/9/2006 $575,000
● For a loss of $185,000 or about 32.1%

6490 SW 195TH AV FORT LAUDERDALE, FL 33332 MLS ID# H839507

● 5 Bed, 3 Bath
● 2,923 Sq. Ft.
● 0.07 Acres
● Year Built: 2002
● On the MLS at $428,000
● Purchased on 5/4/2006 $605,000 42123
● For a loss of $177,000 or about 29.2%

19334 S Gardenia Av Weston, FL 33332 MLS ID# M1184692

● 5 Bed, 3 Bath
● 3,377 Sq. Ft.
● 0.18 Acres
● Year Built: 2003
● On the MLS at $720,000
● Purchased on 1/18/2007 $900,000
● For a loss of $180,000 or about 20%

3933 E HIBISCUS ST WESTON, FL 33332 MLS ID# H842239

● 5 Bed, 3 Bath
● 3,446 Sq. Ft.
● 0.18 Acres
● Year Built: 2006
● On the MLS at $620,000
● Purchased on 8/10/2005 $753,000
● For a loss of $133,000 17.6%

4282 E SENECA AV WESTON, FL 33332 MLS ID# H840600

● 4 Bed, 3 Bath
● 3,281 Sq. Ft.
● 0.14 Acres
● Year Built: 2004
● On the MLS at $559,000
● Purchased on 5/13/2005 $655,000
● For a loss of $96,000 or about 14.6%

5630 SW 185Th Wy Southwest Ranches, FL 33332 MLS ID# F906594

● Property Owner BANK OF NEW YORK TRSTEE
● 4 Bed, 2 Bath
● 2,726 Sq. Ft.
● Year Built: 1977
● On the MLS at $569,900
● Purchased on 10/7/2004 $750,000
● For a loss of $180,100 or about 24%

2617 Oakbrook Ct Weston, FL 33332 MLS ID# F852697

● 4 Bed, 3.5 Bath
● 3,138 Sq. Ft.
● Year Built: 1995
● On the MLS at $530,000
● Purchased on 8/18/2005 $660,000
● For a loss of $140,000 or about 21.2%

20511 SW 48TH PL SOUTHWEST RANCHES, FL 33332 MLS ID# H841605

● 3 Bed, 2 Bath
● 2,552 Sq. Ft.
● 0.86 Acres
● Year Built: 1981
● On the MLS at $530,000
● Purchased on 8/21/2007 $815,000
● For a loss of $285,000 or about 34.9%

19344 SW 60Th Ct Pembroke Pines, FL 33332 MLS ID# F889172

● 5 Bed, 4 Bath
● 3,124 Sq. Ft.
● 0.13 Acres
● Year Built: 2004
● On the MLS at $499,900
● Purchased on 1/8/2007 $710,000
● For a loss of $210,100 or about 29.5%

19453 SW 68Th St Pembroke Pines, FL 33332 MLS ID# M1200394

● 4 Bed, 2.5 Bath
● 2,565 Sq. Ft.
● 0.13 Acres
● Year Built: 2002
● On the MLS at $500,000
● Purchased on 3/28/2006 $700,000
● For a loss of $200,000 or about 28.5%

19205 Seneca Av Weston, FL 33332 MLS ID# F889275

● Property Owner US BANK NATIONAL ASSN TRSTEE
● 4 Bed, 2.5 Bath
● 2,558 Sq. Ft.
● 0.14 Acres
● Year Built: 2004
● On the MLS at $464,900
● Purchased on 9/15/2005 $659,000
● For a loss of $194,100 or about 29.4%

4378 E Whitewater Av Weston, FL 33332 MLS ID# F863587

● 4 Bed, 3 Bath
● 3,040 Sq. Ft.
● Year Built: 2004
● On the MLS at $487,000
● Purchased on 3/31/2005 $634,900
● For a loss of $147,900 or about 23.2%

2854 Oakbrook Dr Weston, FL 33332 MLS ID# F907604

● Property Owner U S BANK NA TRSTEE
● 5 Bed, 3 Bath
● 3,341 Sq. Ft.
● 0.18 Acres
● Year Built: 1995
● On the MLS at $489,900
● Purchased on 8/16/2005 $725,000
● For a loss of $235,100 or about 32.4%

6490 SW 195TH AV FORT LAUDERDALE, FL 33332 MLS ID# H839507

● 5 Bed, 3 Bath
● 2,923 Sq. Ft
● 0.07 Acres
● Year Built: 2002
● On the MLS at $428,000
● Purchased on 5/4/2006 $605,000
● For a loss of $177,000 or about 29.2%

A pool, a canal and a quater million in the hole

2008-03-10T20:38:00.005-04:00

2141 NE 19TH AV Wilton Manors, FL 33305 MLS ID# R2884827

● 2 Bed, 2 Bath
● 1,812 Sq. Ft.
● Year Built: 1957
● On the MLS at $449,900
● Purchased on 12/30/2005 $705,000
● For a loss of $255,100 or about 36.1%

Beach combing, let's see what's washed up!

2008-03-10T19:42:00.003-04:00

3326 NE 18Th St Fort Lauderdale, FL 33305 MLS ID# F889712

● 4 Bed, 3.5 Bath
● 2,187 Sq. Ft.
● Year Built: 1965
● On the MLS at $849,000
● Purchased on 9/22/2005 $1,100,000
● For a loss of $251000 or about 22.8%

Curb apeal this isn't

2008-03-10T17:49:00.003-04:00

640 NW 27Th St Wilton Manors, FL 33311 MLS ID# F903697

● 4 Bed, 3 Bath
● 2,597 Sq. Ft.
● Year Built: 1956
● On the MLS at $410,000
● Purchased on 11/29/2005 $570,000
● For a loss of $160,000 or about 28%

Do you want these houses for less then half off its bubble price, no, no you don't. Priced to sit by Mr. Bank

2008-03-10T15:04:00.013-04:00

512 NW 15Th Av Fort Lauderdale, FL 33311 MLS ID# F885696

● Property Owner DEUTSCHE BANK TRSTEE MORGAN STANLEY ABS CAPITAL INC
● 2 Bed, 1 Bath
● 878 Sq. Ft.
● Year Built: 1944
● On the MLS at $75,000
● Purchased on 1/11/2006 $154,800
● For a loss of $79,800 or about 51.5%

1712 NW 15Th Te Fort Lauderdale, FL 33311 MLS ID# F912307

● Property Owner US BANK NA TRSTEE
● 3 Bed, 1 Bath
● 1,037 Sq. Ft.
● Year Built: 1954
● On the MLS at $85,000
● Purchased on 11/8/2006 $225,000
● For a loss of $140.000 or about 62.2%

1106 NW 10Th Te Fort Lauderdale, FL 33311 MLS ID# F887037

● $85,000
● 815 Sq. Ft.
● Year Built: 1958
● On the MLS at $85,000
● Purchased on 9/12/2005 $180,300
● For a loss of $95300 or about 52.8%

2736 NW 7Th Ct Fort Lauderdale, FL 33311 MLS ID# F899734

● Property Owner WELLS FARGO BANK TRSTEE %HOMEQ SERVICING CORPORATION
● 2 Bed, 1 Bath
● 956 Sq. Ft.
● Year Built: 1952
● On the MLS at $87,400
● Purchased on 6/26/2006 $220,000
● For a loss of $132,600 or about 60.2%

2730 NW 10Th Pl Fort Lauderdale, FL 33311 MLS ID# N256418

● Property Owner NOVASTAR MORTGAGE INC
● 3 Bed, 1.5 Bath
● 1,144 Sq. Ft
● Year Built: 1950
● On the MLS at $89,900
● Purchased on 9/20/2006 $205,000
● For a loss of $115,100 or about 56.1%

1211 NW 12Th St Fort Lauderdale, FL 33311 MLS ID# F878555

● Property Owner REO PROPERTIES CORP % OEWEN LOAN SERVICING LLC
● 2 Bed, 1 Bath
● 969 Sq. Ft.
● Year Built: 1958
● On the MLS at $96,000
● Purchased on 10/31/2006 $245,000
● For a loss of $149,000 or about 60.8%

1609 NW 15Th St Fort Lauderdale, FL 33311 MLS ID# F905912

● LIQUIDATIONS PROPERTY INC
● 3 Bed, 2 Bath
● 1,145 Sq. Ft.
● Year Built: 1955
● On the MLS at $99,000
● Purchased on 3/31/2006 $250,000
● For a loss of $151,000 or about 60.4%

1644 NW 18Th Av Fort Lauderdale, FL 33311 MLS ID# M1177020

● Property Owner LASALLE BANK N A TRSTEE % WILSHIRE CREDIT CORP
● 3 Bed, 2 Bath
● 1,308 Sq. Ft.
● 0.18 Acres
● Year Built: 1970
● On the MLS at $109,900
● Purchased on 1/17/2006 $214,000
● For a loss of $104,100 or about 48.6%

1043 NW 17Th Av Fort Lauderdale, FL 33311 MLS ID# F904161

● Property Owner BANK OF NEW YORK TRSTEE CWABS INC
● 2 Bed, 1 Bath
● Year Built: 1955
● On the MLS at $119,900
● Purchased on 7/28/2006 $253,000
● For a loss of $133,100 or about 52.6%

1224 NW 11Th Pl Coral Springs, FL 33311 MLS ID# M1211756

● Property Owner COUNTRYWIDE HOME LOANS INC
● 2 Bed, 1 Bath
● 1,003 Sq. Ft.
● Year Built: 1958
● On the MLS at $122,900
● Purchased on 7/5/2006 $230,000
● For a loss of $107,100 or about 46.5%

REPAIRS REQUIRED, PROOF OF FUNDS / PRE-APPROVAL LETTER REQUIRED WITH ALL OFFERS (USE FAR/BAR CONTRACT FORM ONLY WITH ALL OFFERS), BANK/SELLER TERMS

2008-03-09T21:47:00.003-04:00

3160 Estates Dr Pompano Beach, FL 33069 MLS ID# F869182

● Property Owner RESIDENTIAL FUNDING CO LLC
● 3 Bed, 2.5 Bath
● 3,006 Sq. Ft.
● 0.36 Acres
● On the MLS at $364,900
● Purchased on 10/5/2005 $640,000
● For a loss of $275,100 or about 42.9%

Really nice neighborhood now on chopping block?

2008-03-09T12:25:00.008-04:00

705 SE 9Th St Fort Lauderdale, FL 33316 MLS ID# F906753

● 2 Bed, 2 Bath
● 1,553 Sq. Ft.
● 0.17 Acres
● Year Built: 1940
● On the MLS at $515,000
● Purchased on 9/6/2006 $632,400
● For a loss of $117,400 or about 18.5%

800 SE 10Th St Fort Lauderdale, FL 33316 MLS ID# F899308

● 3 Bed, 1 Bath
● 1,100 Sq. Ft.
● Year Built: 1944
● On the MLS at $350,000
● Purchased on 8/8/2006 $455,000
● For a loss of $105,000 or about 23%

Open season for Bargain hunters on Million dollar houses is on

2008-03-08T22:06:00.002-05:00

1525 S.E. 12Th Ct. Fort Lauderdale, FL 33316 MLS ID# F909441

● 4 Bed, 4.5 Bath
● 5,757 Sq. Ft.
● 0.17 Acres
● On the MLS at $1,850,000
● Purchased on 2/4/2005 $2,150,000
● For a loss of $300,000 or about 13.9%

All caps, six-!, and a "Must sell now" yeah that really works, NOT!

2008-03-08T19:32:00.005-05:00

501 NW 37Th St Oakland Park, FL 33309 MLS ID# F851175

● 3 Bed, 2 Bath
● 1,404 Sq. Ft.
● Year Built: 1970
● On the MLS at $250,000
● Purchased on 8/24/2005 $405,000
● For a loss of $155,000 or about 38.2%

Sunrise, not as far west as Weston but feels like it anyway.

2008-03-08T15:09:00.010-05:00

6571 NW 24Th St Sunrise, FL 33313 MLS ID# F868100

● 2 Bed, 2 Bath
● 1,414 Sq. Ft.
● Year Built: 1970
● On the MLS at $139,900
● Purchased on 9/20/2006 $280,000
● For a loss of $140,100 or about 50%

6280 NW 12Th St Sunrise, FL 33313 MLS ID# M1211522

● Property Owner EQUITY ONE NOMURA HOME EQUITY LOAN INC
● 2 Bed, 1 Bath
● 944 Sq. Ft.
● Year Built: 1961
● On the MLS at $139,900
● Purchased on 5/15/2006 $245,000
● For a loss of $105,100 or about 42.8%

History:
5/15/2006 $245,000
9/19/2003 $112,000
8/29/2002 $80,000
5/14/1999 $65,000

2040 NW 63Rd Av Sunrise, FL 33313 MLS ID# F903961

● Property Owner CITIBANK TRUSTEE % FIDELITY / EMC MORTGAGE CORP
● 4 Bed, 2 Bath
● Year Built: 1966
● On the MLS at $140,900
● Purchased on 3/31/2006 $250,000
● For a loss of $109100 or about 43.6%

5886 NW 15Th Ct Sunrise, FL 33313 MLS ID# F899265

● Property Owner BANK OF NEW YORK TRSTEE CERTIFICATEHOLDERS CWABS INC
● 4 Bed, 2 Bath
● 1,598 Sq. Ft.
● Year Built: 1971
● On the MLS at $206,900
● Purchased on 4/27/2006 $315,000
● For a loss of $108.100 or about 34.3%

History:
04/27/2006 $315,000
11/13/2002 $143,000
02/01/1986 $77,900
08/01/1979 $55,900

7360 NW 14Th St Plantation, FL 33313 MLS ID# F880559

● Property Owner DEUTSCHE BANK NAT'L TR CO TRSTEE GSAA HOME EQUITY TR 2006-15
● 4 Bed, 2 Bath
● 2,195 Sq. Ft.
● Year Built: 1976
● On the MLS at $199,900
● Purchased on 5/25/2006 $390,000
● For a loss of $190,100 or about 48.7%

5841 NW 15Th Ct Sunrise, FL 33313 MLS ID# F902521

● Property Owner FREMONT INVESTMENT & LOAN
● 3 Bed, 2 Bath
● 1,500 Sq. Ft.
● Year Built: 1976
● On the MLS at $204,900
● Purchased on 8/11/2006 $305,000
● For a loss of $100,100 or about 32.8%

1637 NW 4Th Av Fort Lauderdale, FL 33313 MLS ID# F887479

● 3 Bed, 2 Bath
● 985 Sq. Ft.
● 0.13 Acres
● Year Built: 1962
● On the MLS at $199,000
● Purchased on 5/14/2007 $312,900
● For a loss of $113,900 or about 36.4%

History:
5/14/2007 $312,900
6/11/2004 $185,000
10/9/2002 $120,000
8/14/2000 $93,000
06/9/2000 $58,300

7161 NW 21St Ct Sunrise, FL 33313 MLS ID# F911724

● 4 Bed, 2 Bath
● 2,132 Sq. Ft.
● Year Built: 1974,
● On the MLS at $180,000
● Purchased on 12/27/2005 $280,000
● For a loss of $100,000 or about 35.7%

History:
12/27/2005 $280,000
10/11/2004 $168,000
10/31/1995 $107,000

5821 NW 13Th St Sunrise, FL 33313 MLS ID# D1230762

● 2 Bed, 1 Bath
● 1,290 Sq. Ft.
● Year Built: 1967
● On the MLS at $184,999
● Purchased on 01/18/2006 $295,000
● For a loss of $110,001 or about 37.2%

History:
01/18/2006 $295,000
01/26/2005 $215,000
12/30/2004 $158,000
12/28/2004 $146,000

Boca Raton where everything costs more, Weeee!!!

2008-03-07T12:35:00.013-05:00

745 Sw Bayberry Ter Boca Raton, FL 33486 MLS ID# R2900783

● 3 Bed, 2 Bath
● 2,836 Sq. Ft.
● Year Built: 1966
● On the MLS at $689,000
● Purchased on Mar-2006 $875,000
● For a loss of $186,000 or about 21.2%

1940 SW 7 Pl Boca Raton, FL 33486 MLS ID# D1246487

● 4 Bed, 3.5 Bath
● Year Built: 1987
● On the MLS at $899,000
● Purchased on Dec-2006 $1,300,000
● For a loss of $401,000 or about 30.8%

1360 SW 16th St Boca Raton, FL 33486 MLS ID# R2819699

● 4 Bed, 2 Bath
● 3,142 Sq. Ft
● Year Built: 1980
● On the MLS at $575,000
● Purchased on Dec-2006 $732,500
● For a loss of $157,500 or about 21.5%

251 SW 7TH Boca Raton, FL 33486 MLS ID# R2875185

● 3 Bed, 2 Bath
● 2,628 Sq. Ft.
● Year Built: 1962
● On the MLS at $450,000
● Purchased on Aug-2006 $580,000
● For a loss of $130,000 or about 22.4%

151 Sw 7th Ave Boca Raton, FL 33486 MLS ID# R2875159

● 3 Bed, 2 Bath
● 2,059 Sq. Ft.
● Year Built: 1963,
● On the MLS at $449,000
● Purchased on Dec-2006 $607,000
● For a loss of $158,000 or about 26%

1099 Sw 2nd St Boca Raton, FL 33486 MLS ID# R2895643

● 4 Bed, 3 Bath
● 2,549 Sq. Ft.
● Year Built: 1968
● On the MLS at $425,000
● Purchased on Mar-2005 $605,000
● For a loss of $180,000 or about 29.7%

361 SW 8 TH Ter Boca Raton, FL 33486 MLS ID# R2731541

● 2 Bed, 2 Bath
● 2,300 Sq. Ft.
● Year Built: 1963
● On the MLS at $340,000
● Purchased on Jul-2005 $463,000
● For a loss of $123,000 or about 26.5%

425 SW 7TH AVENUE Boca Raton, FL 33486 MLS ID# R2881895

● 3 Bed, 2 Bath
● 2,640 Sq. Ft.
● Year Built: 1960
● On the MLS at $325,000
● Purchased on Jul-2005 $460,000
● For a loss of $135,000 or about 29.3%

1730 W Camino Real Boca Raton, FL 33486 MLS ID# R2858203

● 4 Bed, 2 Bath
● 2,360 Sq. Ft
● Year Built: 1974
● On the MLS at $295,000
● Purchased on Oct-2005 $452,000
● For a loss of $157,000 or about 34.7%

1236 SW 9TH St Boca Raton, FL 33486 MLS ID# R2872818

● 3 Bed, 2 Bath
● 2,500 Sq. Ft.
● Year Built: 1963
● On the MLS at $298,900
● Purchased on Jul-2005 $470,000
● For a loss of $171,100 or about 34.4%

127 SW 7 Av Boca Raton, FL 33486 MLS ID# R2882185

● Owner Information Name: DEUTSCHE BANK NATIONAL TRUST CO TRUSTEE
● 2 Bed, 2 Bath
● 2,753 Sq. Ft.
● Year Built: 1962
● On the MLS at $269,900
● Purchased on Mar-2006 $475,000
● For a loss of $205,100 or about 43.1%

1685 SW 15th Street Boca Raton, FL 33486 MLS ID# R2900802

● 4 Bed, 3 Bath
● 3,734 Sq. Ft.
● Year Built: 1999
● On the MLS at $849,000
● Purchased on Jun-2007 $1,100,000
● For a loss of $251,000 22.8%

UPDATE! Protected neighborhood house loses some protection

2008-03-06T19:04:00.002-05:00

TheSixteenthHour: Comps, compared, protected neiborhood not having safe sale!

Chasing a falling market with an extra dose of stubborn!

Now on the mls for $597,000 A markdown of $3,000! We were told by the realtor at the open house that, "This house will sell in the high 500's, this is a protected neighborhood!" and that was six months ago.

House hasn't sold in over 6 months and you lower your asking price $3k, yeah that's all it will take! Brilliant, not stoopid NO no not!!

Bubble victims seek suckers, But as the saying goes I may have been born at night, just not last night.

2008-03-06T14:38:00.009-05:00

3160 NW 106Th Av Coral Springs, FL 33065 MLS ID# F903551

● 5 Bed, 2.5 Bath
● 3,004 Sq. Ft.
● Year Built: 1971
● On the MLS at $424,999
● Purchased on 7/28/2005 $575,000
● For a loss of $150,001 or about 26%

Histroy:
7/28/2005 $575,000
04/8/2004 $322,500
10/2/2003 $217,000

Question what has made this house $207,999 more valuable then in was in 2003? Did you say BUBBLE, I bet you did. Well this is post bubble world and this seller doesn't get it, yet.

12333 NW 26Th St Coral Springs, FL 33065 MLS ID# M1200702

● 5 Bed, 3 Bath
● 3,117 Sq. Ft.
● 0.14 Acres
● Year Built: 2002
● On the MLS at $400,000
● Purchased on 7/6/2007 $620,000
● For a loss of $220,000 or about 35.4%

Histroy:
7/06/2007 $620,000
2/25/2005 $445,000
3/27/2002 $250,300

7211 NW 44Th St Coral Springs, FL 33065 MLS ID# F910918

●Property Owner DEUTSCHE BANK NATIONAL TRUST % MAILSTOP HS 01 04
● 4 Bed, 2 Bath
● 2,846 Sq. Ft.
● 0.2 Acres
● Year Built: 1984,
● On the MLS at $305,000
● Purchased on 5/18/2006 $450,000
● For a loss of $145,000 or about 32.2%

There isn't a lot of love for this house's pool, that's one green mess!

4080 NW 114th Av Coral Springs, FL 33065 MLS ID# R2832962

● 4 Bed, 2 Bath
● 2,160 Sq. Ft.
● Year Built: 1989
● On the MLS at $279,000
● Purchased on 4/27/2005 $380,000
● For a loss of $101,000 or about 26.5%

History:
4/27/2005 $380,000
3/23/2000 $120,000
4/28/1998 $159,000

3160 Estates Dr Pompano Beach, FL 33069 MLS ID# F869182

● Property Owner RESIDENTIAL FUNDING CO LLC
● 3 Bed, 2.5 Bath
● 3,006 Sq. Ft
● 0.36 Acres
● Year Built: 1977
● On the MLS at $364,900
● Purchased on 10/5/2005 $640,000
● For a loss of $275,100 or about 42.9%

Chasing a falling market on the cheap, how cheap? Listing agent has HotMail address.

2008-03-06T11:44:00.005-05:00

95 NE 41St St Unit: 187-L Oakland Park, FL 33334 MLS ID# F909329

● 2 Bed, 1 Bath
● Year Built: 2000
● On the MLS at $109,900
● Purchased on 3/1/2007 $187,400
● For a loss of $77,500 or about 41.3%

Courtesy Of:

Agent Name: Quinncy Auguste E-mail: quinncya@hotmail.com

95 NE 41St St Unit: L170 Oakland Park, FL 33334 MLS ID# M1188831

● 2 Bed, 1 Bath
● 950 Sq. Ft.
● Year Built: 1985
● On the MLS at $89,000
● Purchased on 8/9/2006 $187,400
● For a loss of $98,400 or about 52.5%

Please note, the above two units are in the same building. So why are the listings showing different years built?

Because working with a Realtor is a no brainer and they know it! They get paid no matter what and that's a no brainer!!!!!!!!!!!

2008-03-05T20:41:00.007-05:00

See for yourself if don't like my hack job it wouldn't fit on blog other wise.

When bubbles go bad and their victims

2008-03-05T15:36:00.015-05:00

1630 NE 63RD CT , Fort Lauderdale FL 33334 MLS Listing ID: D1182914

● 3 Bed, 2 Bath
● 1,467 Sq. Ft.
● Year Built: 1967
● On the MLS at $430,000
● Purchased on 3/19/2007 $605,000
● For a loss of $175,000

5890 NE 14Th Rd Fort Lauderdale, FL 33334 MLS ID# D1184910

● 3 Bed, 2 Bath
● 2,018 Sq. Ft.
● Year Built: 1962
● On the MLS at $385,000
● Purchased on 9/25/2006 $620,000
● For a loss of $235,000 or about 37.9%

4800 NE 13Th Av Oakland Park, FL 33334 MLS ID# F906433

● 3 Bed, 2 Bath
● 1,504 Sq. Ft.
● Year Built: 1966
● On the MLS at $350,000
● Purchased on 1/12/2007 $513,000
● For a loss of $163,000 or about 31.7%

1794 NE 38 th St Oakland Park, FL 33334 MLS ID# R2887515

● Property Owner U S BANK NATIONAL ASSN % AMERICA'S SERVICING CO
● 3 Bed, 2 Bath
● 1,788 Sq. Ft
● 0.16 Acres
● On the MLS at $322,900
● Purchased on 8/23/2005 $470,000
● For a loss of $147,100 or about 31.2%

1416 NE 27TH ST Wilton Manors, FL 33334 MLS ID# R2885048

● Property Owner NOVASTAR MORTGAGE INC
● 4 Bed, 2 Bath
● 1,730 Sq. Ft.
● Year Built: 1959
● On the MLS at $299,900
● Purchased on 7/24/2006 $600,000
● For a loss of $300,100 or about 50.0%

1337 NE 35Th St Oakland Park, FL 33334 MLS ID# F831936

● Property Owner U S BANK NATIONAL ASSN % NORWEST HOME IMPROVEMENT
● 4 Bed, 2 Bath
● 2,194 Sq. Ft.
● Year Built: 1980
● On the MLS at $280,900
● Purchased on 12/28/2005 $478,000
● For a loss of $197,100 or about 41.2%

1301 NE 42Nd St Oakland Park, FL 33334 MLS ID# F900327

● Property Owner DEUTSCHE BANK NATIONAL TR CO TR
● 3 Bed, 2 Bath
● 1,610 Sq. Ft.
● Year Built: 1964
● On the MLS at $278,200
● Purchased on 8/10/2006 $512,500
● For a loss of $234,300 or about 45.7%

1350 NE 49Th St Oakland Park, FL 33334 MLS ID# N258861

● Property Owner US BANK NATIONAL ASSN TRSTEE% AMERICA SERVICING COMPANY
● Year Built: 1961
● 3 Bed, 2 Bath
● 0.17 Acres
● On the MLS at $264,900
● Purchased on 6/16/2006 $598,000
● For a loss of $333,100 or about 55.7%

OCEAN ACCESSWATERFRONTTROPICAL PARADISE, my key doesn't make me look stoopid, no NOT******

2008-03-05T13:57:00.006-05:00

1424 NE 57Th St Fort Lauderdale, FL 33334 MLS ID# F906927

● 4 Bed, 2.5 Bath
● 2,876 Sq. Ft.
● 0.17 Acres
● On the MLS at $659,000
● Purchased on 7/20/2006 $800,000
● For a loss of $141,000

**** URGENT SHORT SALE ****

*** Lender approval required *** BEST VALUE IN CORAL RIDGE ISLES *** $800,000 LUXURY HOME *** NOW $699,000 *** BRING OFFERS *** OCEAN ACCESS WATERFRONT

What do you mean now $699,000 its marked 40k less now! By the way why all the *** do you think **** will make me***** want** this******house****more? It makes you seem desperate, oh wait, now I get it!

Chasing a falling market in Weston, or Got Quagmire?

2008-03-04T13:42:00.005-05:00

2569 Mayfair Ln Weston, FL 33327 MLS ID# F878491

● 4 Bed, 3 Bath
● 4,422 Sq. Ft.
● 0.26 Acres
● On the MLS at $997,000

● For a mark down of $300,000 or about 23.1%

523 Stonemont Dr Weston, FL 33326 MLS ID# F819817

● 5 Bed, 4 Bath
● 3,231 Sq. Ft.
● Year Built: 1994
● On the MLS at $499,999

● For a Mark down of $199,901 or about 28.5%

2063 Island Cr Weston, FL 33326 MLS ID# F776070

● 3 Bed, 3 Bath
● 2,307 Sq. Ft.
● 0.19 Acres
● On the MLS at $379,000

● For a mark down of $128,000 or about 25.2%

Sure it's out in swampland but no way is this place over built!

2008-03-04T11:47:00.003-05:00

1350 Plumosa Wy Weston, FL 33327 MLS ID# D1252705

● 4 Bed, 2 Bath
● Year Built: 2001
● On the MLS at $299,500
● Purchased on 4/5/2005 $407,700
● For a loss of $108,200 or about 26.5%

Falling and sitting, sitting and falling

2008-03-03T16:56:00.010-05:00

3356 Ne 42ND Ct Fort Lauderdale, FL 33308 MLS ID# R2774248

● 6 Bed, 6.5 Bath
● 10,100 Sq. Ft.
● 160' of protected dockage
● Property Owner JULYUS CORP
● On the MLS at $2,600,000

● For a mark down of $390,000 or about a 13% reduction

29 Castle Harbor Isle Fort Lauderdale, FL 33308 MLS ID# F702950

● 3 Bed, 3 Bath
● 3,058 Sq. Ft.
● Year Built: 1972
● On the MLS at $2,299,900

● For a Mark down of $195,100 or about 7.5%

3037 N Atlantic Bl Fort Lauderdale, FL 33308 MLS ID# F884726

● 4 Bed, 4.5 Bath
● 2,478 Sq. Ft.
● 0.12 Acres
● Year Built: 1968
● On the MLS at $1,499,000

● For a Mark down of $151,000 or about 9.15%

2840 NE 55Th St Fort Lauderdale, FL 33308 MLS ID# F790320

● 5 Bed, 3.5 Bath
● 3,013 Sq. Ft.
● Year Built: 1967
● On the MLS at $995,000

● For a mark down of $343,800 or about 25.6%

5 Mendota Ln Sea Ranch Lakes, FL 33308 MLS ID# F887592

● 4 Bed, 4 Bath
● 3,016 Sq. Ft.
● 0.23 Acres
● Year Built: 1968
● On the MLS at $995,000
● Purchased on
● For a mark down of $105,000 or about 9.5%

4711 Bayview Dr Fort Lauderdale, FL 33308 MLS ID# F839469

● 4 Bed, 3.5 Bath
● 3,415 Sq. Ft.
● 0.23 Acres
● Year Built: 1970
● On the MLS at $879,000

● For a mark down of $271,000 or about 23.5%

275 Imperial Ln Lauderdale By The Sea, FL 33308 MLS ID# F821406

● 3 Bed, 2 Bath
● 2,019 Sq. Ft.
● Year Built: 1963
● On the MLS at $595,000

● For a mark down of $194,000 or about 24.5%

Chasing a falling market part Duex

2008-03-02T16:31:00.013-05:00

2540 NE 36TH St Lighthouse Point, FL 33064 MLS ID# R2769295

● 3 Bed, 3 Bath
● 2,722 Sq. Ft.
● Year Built: 1965
● On the MLS at $989,999
● For a loss of $335,001

4230 NE 27Th Av Lighthouse Point, FL 33064 MLS ID# F869174

● 3 Bed, 2 Bath
● 2,166 Sq. Ft.
● Year Built: 1964
● On the MLS at $874,900
● For a loss of $224,100

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

● 3 Bed, 2 Bath
● 2,086 Sq. Ft.
● 0.2 Acres
● On the MLS at $599,900
● Purchased on 3/13/2007 $900,000
● For a loss of $300,100

● For a loss of $149,800

Wow, double feature! Losses in terms of chasing the falling market and in real terms!

2633 22ND Av Lighthouse Point, FL 33064 MLS ID# R2734612

● 3 Bed, 3 Bath
● 2,900 Sq. Ft.
● Year Built: 1960
● On the MLS at $525,000
● Purchased on 8/23/2005 $530,000
● For a loss of $5,000

● For a loss of $185,000 (chase loss)

Double header part Duex!

3030 NE 51 St Lighthouse Point, FL 33064 MLS ID# F861902

● Property Owner RESIDENTIAL CUSTOM HOMES LLC
● 5 Bed, 6.5 Bath
● 7,384 Sq. Ft.
● 0.25 Acres
● Year Built: 2006
● On the MLS at $2,700,000

● For a loss of $450,000 (chase)

3101 NE 36Th St Lighthouse Point, FL 33064 MLS ID# F890893

● 5 Bed, 7 Bath
● 6,842 Sq. Ft.
● 0.21 Acres
● Year Built: 2006
● On the MLS at $2,899,000

● For a loss of $396,000 (chase)

The circle of life, Inc. LLC

2008-03-02T14:30:00.005-05:00

3500 NE 23Rd Av Lighthouse Point, FL 33064 MLS ID# F885538

● Property Owner SIRVA RELOCATION FUNDING LLC
● 5 Bed, 4 Bath
● 5,228 Sq. Ft
● 0.24 Acres
● Year Built: 2002
● no fixed bridges
● On the MLS at $1,900,000
● Purchased on 7/1/2007 $2,318,500
● For a loss of $418,500

History:
7/01/2007 $2,318,500
8/25/2005 $1,875,000
7/23/2002 $1,375,000

Sirva relocation firm declares bankruptcy

Sirva is awaiting final approval of its restructuring plan and once it emerges from bankruptcy protection, it will be owned by its lenders and will be a private company.

Chasing a falling market by marking down bit by bit leading to sitting and sitting unsold so sad

2008-03-01T18:37:00.002-05:00

7709 NW 117Th Ln Parkland, FL 33076 MLS ID# F882892

● 6 Bed, 5 Bath
● 4,653 Sq. Ft
● 0.49 Acres
● Year Built: 2003
● On the MLS at $805,000
● Purchased on 6/23/2005 $1,150,000
● For a loss of $345,000

I paid more for my house then it cost to buy my 2 neighbors houses combined!

2008-03-01T16:51:00.003-05:00

7195 NW 110Th Av Parkland, FL 33076 MLS ID# D1224239

● 6 Bed, 4 Bath
● 4,414 Sq. Ft.
● 0.24 Acres
● Year Built: 2006
● On the MLS at $850,000
● Purchased on 4/27/2006 $1,200,000
● For a loss of $350,000

I was going to buy in Westin, but I'm too smart for that!

2008-03-01T12:49:00.005-05:00

9699 CLEMMONS ST Parkland, FL 33076 MLS ID# R2891483

● 6 Bed, 4 Bath
● 4,492 Sq. Ft.
● Year Built: 2007
● On the MLS at $1,249,000
● Purchased on 12/27/2006 $1,488,700
● For a loss of $239,700

So you bought a really Big ugly house in the northwestern most sprawl between farmland, swampland and an artificial drainage lake and it isn't working out, what part of the Bush administration did you say you work for?

6891 NW 117Th Av Parkland, FL 33076 MLS ID# F877301

● 6 Bed, 5 Bath
● 5,306 Sq. Ft.
● 0.3 Acres
● Year Built: 2003
● On the MLS at $1,159,000
● Purchased on 6/30/2006 $1,400,000
● For a loss of $241,000

And here's one that's larger, on a lake, in a golf course community for about 90k less! Good luck selling that other one!

6901 NW 117Th Av Parkland, FL 33076 MLS ID# F876531

● 6 Bed, 5 Bath
● 5,851 Sq. Ft
● 0.29 Acres
● Year Built: 2003
● On the MLS at $1,450,000
● Purchased on 9/18/2003 $876,000

It's a little bigger and nicer maybe, but for $291,000 more, well break a leg buddy.

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

2008-02-29T16:14:00.005-05:00

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

2008-02-29T11:42:00.004-05:00

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

2008-02-29T10:19:00.010-05:00

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

2008-02-27T20:48:00.009-05:00

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!

2008-02-27T10:59:00.004-05:00

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.