Bulk REOs

West Palm Beach | Townhomes | LTV 62 | 32 Units | February 2008 - Located in the heart of West Palm Beach, near downtown CityPlace, Worth Ave, Palm Beach and...See more » West Palm Beach | Townhomes | LTV 62 | 32 Units | February 2008 - Located in the heart of West Palm Beach, near downtown CityPlace, Worth Ave, Palm Beach and the Breakers, 10 min to the beach | - 32 units available, all rented - $282,900 per unit - New roofs and community upgrades added in the past year Additional Details for West Palm Beach Builder Closeouts Protocol: We are direct to Developer Sales. Additional Details to qualified buyers only. | Boca Raton | Condo Conversion | LTV 60-70 | 48 Units | February 2008 - Located in the heart of Boca Raton, 80% of community is sold - 48 units available, 20 vacant, 28 rented - Strong rental market - 2 bedroom at list price of $195k generates positive monthly cash flow - Units will be significantly positive cash flow at the discounted prices - Rents rose on average 11% in Palm Beach year over year - New roofs and community upgrades added in the past year Protocol: We are direct to Developer Sales. Additional Details to qualified buyers only. | West Palm Beach | Brand New Luxury Condos | LTV 54 + 3 | 145 Units | February 2008 - West Palm Beach with intracoastal views from some condos - 145 units remain for sale, one, two and three bedroom condo units - luxury amenities, rooftop pool, clubhouse, gym, doorman, valet parking, business office etc. - Developer will consider offers in the $225 per sq ft price range; existing contracts and comparables are at $450 to 465 per sq ft - At $225 psf, Protocol: We are direct to Developer Sales. Additional Details to qualified buyers only. WPB-NC-JA (2/08) Orlando Condo Conversion | LTV 57+3 | $22.5 Million | February 2008 - 200 Units approx. available, 43% off retail pricing - $106k Avg Price per unit asking price, earnest money will be required - Rents average $1000 per unit, $850 approx for 1 bedrooms, $1150 to $1250 for 2 bedrooms and rising - Great location less than 5 minutes to Universal Studios and near a country club - 400 million planned urban development is in construction with 35 restaurants, bars, retail and a movie theater, will make this one of Orlando's most exclusive neighborhoods - Minutes to I-Drive, Universal, SeaWorld, Convention Center - Units will be significantly positive cash flow at discount pricing - Pools, tennis courts, spas, fitness center, racquetball courts, three grill station lakeside summer barbecue, wooden chairs along the lakefront, completely remodeled clubhouse - Tons of parking in the complex, unassigned, roofs are 2 years old, 24 year life-composite shingle - Siding fully inspected and 66 walls were recently replaced, both pools and spas were drained, inspected and maintenance performed - Builder is forced to liquidate under acquisition cost. This does not include the money spent on upgrades Protocol: We are direct to Developer Sales, will get you on phone with Developer immediately. Serious Buyers Only. OR-CC-MA | Kissimmee Florida (near Orlando) | Brand New Condos | LTV 65 | $35.5m | Posted: Feb 2008 226 Condos, a development in Kissimmee Florida . Of the 226 units, 7 are sold, 3 units are currently in use as models, the balance are vacant, brand new, never occupied. Seller is a national home builder and they have offered the units for purchase at 35,500,000. This price is 155,000 (+/-) per unit, they retail for between 210,000 and 250,000 or approximately 65% of current retail average. (Code: KI-NC-RY) Protocol: We are one away to Developer SalesSee less »