Archive for the 'Bank Owned' Category

May 28th, 2009

Today begins the first in a series of articles about Miami Investment condos. We have created a table showing the most recent closed sales in buildings built since 2000 in the Brickell, Brickell Key and Miami River areas of Miami. These will be updated regularly and can be used to get transparency in the Miami Condo market. Several buildings have been clearing out their short sales with bank foreclosures and are starting to…

$8,000 Tax Credit May Be Used As Down Payment

If you’re thinking about making a home purchase to take advantage of the depressed South Florida real estate market, the federal government might be able to help you get started with your purchase.

On Tuesday, Shaun Donovan, Secretary of Housing And Urban Development, said that the Federal Housing Administration (FHA) informed lenders to allow first-time home buyers to use an $8,000 tax credit as a down payment on…

Best Deals on Foreclosure & Bank Owned Condos in Miami & Miami Beach, Florida

May 14th, 2009

Bank owned foreclosures are often the best opportunity to purchase Miami condos. Bank owned condos, are sometimes referred to as foreclosure, Real Estate Owned or REO.

Here is a list of the Top 8 Best Deals in the Miami condo market right now.

We are starting to see multiple offers on these; so please move quickly if you would like…

Foreclosure & Bank Owned Condos Best Deals in Miami Beach & Miami, Florida

May 4th, 2009

Bank owned foreclosures are often the best opportunity to purchase Miami condos. Bank owned condos, are sometimes referred to as foreclosure, Real Estate Owned or REO.

Please note: We have several highly-skilled Mortgage Lenders who can get financing even in financially “stressed” buildings!

Here is a list of the Top 7 Best Deals in the Miami condo market.

Top 7 Best Condo Deals

MCL…

April 8th, 2009

Bank owned foreclosures are often the best opportunity to purchase Miami condos. Bank owned condos, are sometimes referred to as foreclosure, Real Estate Owned or REO.

Here is a list of available Miami bank owned condos for investment that have come on the market between April 5th,2009 and April 8th, 2009. Just six (6) new listings…Please note that the prices per square foot.

We are starting to see multiple offers on these; so please move…

March 10th, 2009

Miami - Dade County Condo Prices Hit $185.00 Average per SqFt

In order to find the time when Miami Condos averaged $185.00 per square foot, one must look back to August 2003. The affordability of housing has increased dramatically and this has become good news for investors and first time buyers alike!

The quarterly average price per square foot has dropped dramatically over the last fifteen months. We have compared the first three months (12/2007…

Miami & Miami Beach, Florida - Average Condo Prices per Sq.Ft

March 3,2009

Every day several of my clients ask me, “Ned, how low are the prices going to go in Miami? When should I buy? How far back have the prices retreated from the highs? Well, I have really been stuck answering these questions…truthfully…I dropped my crystal ball a few years ago and I’ve been really stumped.

Of course, the real answers lie not in the average…