These are all recent sales in Miami Dade County, data is from the Property Appraiser Website and the Miami Herald, I compared last recorded sales price to current sales price:
Indymac Bank c/o Florida Default Law Group, sold condo unit 1205 at 3300 NE 192 Street for $173,000. On County Records it shows them acquiring the property for 3/2006 for $388,900. Morgan Stanley Trust sold condo unit 2410 at 19501 W. Country Club Drive for $271,900. Another lender, Deutsche Bank, took possession of it 3/2005 for $480,000. Accredited Home Lenders sold unit 2510 at 19501 W. Country Club Drive for $265,000. They took possession of it for $370,000 2/2005.
South Star III, LLC. sold unit 802 at 3340 NE 190th Street for $296,000. A lender, Freemont Investment and Loan had taken possession of the same property 9/2007 for $499,800. Deutsche Bank National Trust sold condo unit 315 at 2174 NE 170th Street for $100,000. They took possession of it 6/2006 for $189,000. Deutsche Bank National 2006-1 sold condo unit 23 at 11840 NE 19th Drive for $93,330. They took possession of it 1/2006 for $325,000. Finally, Emc Mortgage sold Unit 13 at 10 SW South River Dr. for $265,000 in 12/2007. The previous price: was $410,000 in 6/2005.
I am assuming these are foreclosures getting sold at massive losses after years of sitting idle.
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