Sunday, January 31, 2010

THE WHITE HOUSE LOST MARKET VALUE TOO…



The Palm Beach Post Real Estate News page reports that,  “you and your neighbors are not alone.  The place the president and his family call home was worth 5.1% less last year, one analyst says.”

Zillow “zestimates” 1600 Pennsylvania Avenue, NW, Washington DC (The White House) at $288,494,000.  The residence has 16 bedrooms, 35 baths and is 55,000 sq ft.  They further estimate a monthly mortgage payment would be $1,216,562.

Saturday, January 23, 2010

START COLLECTING YOUR WARES FOR SALE NOW AND GET A BOOTH ($25) AT DELRAY BEACH’S TRASH & TREASURE YARD SALE FEBRUARY 6TH





Turn your wares into cash by renting a 10x10 area at the TRASH AND TREASURE YARD SALE.  $25 fee must be paid by February 6th at Administrative Office, Crest Theatre Building, open  Mon/Fri 9 am to 5 pm.  Load in between 6 and 8 am Friday, Feb 6th – yard s le is under BIG tent Entertainment Pavilion from 8 am to 1 pm.  NO Dealers and NO flea market items. Sale is for the general public.  A Goodwill truck will be on site after the sale to take any remaining items for donation.  Old School Square is at 51 North Swinton Avenue (off Atlantic Avenue) in Delray Beach.  For more information call 561-243-7922.

Friday, January 22, 2010

AZURA BOUGHT OUT OF FORECLOSURE BY TOLL BROS.





Located on the east side of Jog Road, just south of Polo Club, an affiliate of homebuilding giant Toll Bros. has taken title to the unfinished 37-acre Azura estate home project in Boca Raton.  It was planned for 92 homes ranging in price from $1.6MM - $3MM and touted as one of the premier developments in Boca Raton.  .  Most lots are vacant, only 7 were sold for a total of $19MM.


Initial sale and assumption agreement were signed in October.  Regions Bank won a $43.1MM foreclosure judgment against developers Polo Field Estates and Gordon Homes in early December and the bank sold the mortgage to Toll FL X.L.P. on December 23rd.


At the foreclosure sale on January 11th, Toll FL X won title to Azura after submitting a $5.1MM bid, based on the $43.1MM foreclosure judgment it acquired when it bought the mortgage.