Wednesday, June 18, 2008

Condo foreclosure this morning

Just a quick note this morning on a new foreclosure offering in south Cocoa Beach. I have written about this unit in the past when the seller was trying to do a short sale and Countrywide had agreed to a price more than $260,000 less than the owner paid. No buyers materialized for the short sale and Countrywide is now the unhappy owner of this unit after foreclosure. They are so unhappy, in fact, that they are offering the unit for $342,900, less than half the $699,000 that the owner paid in December of 2005 when this unit was new.

It's never been lived in, is a 2160 sq.ft., 3rd floor corner, direct river with expansive views across the mile-wide part of the Banana River and has 3 bedrooms and 3 baths. I took the photo above standing in the kitchen looking out at the river. Here's a link to all the data on this unit. Pay no attention to the asking price. It is now $342,900. If you'd like more info on this unit, email me at