WOW! A 3 BD 2 BA Offered at $499,000
March 26, 2009
A three bedroom unit in the North, which is facing foreclosure proceedings and is offered as a short sale, is now listed for sale for $499,000. This same unit, 1514 Vista Del Sol, sold in 2005 for $675,000.
Two previous short sales of 3 BD units that were listed at $499,000 sold in the mid-$500s in 2008.
Foreclosure Auction Scheduled
July 1, 2010
A unit listed for sale at Edgewater Isle, 1514 Vista Del Sol, has been on the market for over 4 months and is also facing foreclosure auction on July 23. This unit sold 5 years ago for $675,000 and is now listed as "sale pending" for $499,000 on MLS.
But in another example of banks' greed, the bank has moved to foreclose on the unit for a whopping $792,718. That is over $100,000 more than it sold for during the real estate boom, and more than any unit has ever sold for at Edgewater Isle.
We have seen this already at 1905 Vista Cay where the bank foreclosed at $396,000, and there were no takers. Should this go to auction at this price, surely there will be no takers again. Why don't the banks just take the offer on the table and move on?
UPDATE: The auction has been postponed until September 7 at 12:30 p.m