Lighthouse Point short sale not selling shortly

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!

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

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

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

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!

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

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

Just another bank losing money nothing to see here

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

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

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!

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!

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%