Update: 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

No matter where you look its all the same news

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

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?

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!

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

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)

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

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

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

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?

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

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%