Home Selling in Sanford>Question Details

Isidro, Home Seller in Miami, FL

Somebory know who apraiser the condos at Arbor lakes comunity in Sanford, it were apraiser at 160%

Asked by Isidro, Miami, FL Sat Mar 22, 2008

The condos in 100 arbor lakes cir. are a pandemoniun , the developper still in the selling process ,selling condos to a low price and competing with the owners that think rent his units, this developper apraiser the condos at 160% his original price, so the people that buy this units, have two problems, they can't sell the unit and also they can't rent due the delopper rent the unit in his original price (2001) and now is selling at 40%-60% less. Somebory in the same situation can give an advise?

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Answers

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Elad properties are the owners, http://www.eladproperties.com/

Popular Mortgage did most of the financing in the beginning they are out of Miami area also as is the developer owner.

A 2 bedroom River bridge started at $224,900k

Then sub prime credit took over writing deals with a 525 credit scores, they even tried the charity game with down payments, lease to own programs ETC .

Now the Foreclosures/short sales take over and end of story as in most Condo conversions statewide.
0 votes Thank Flag Link Mon Dec 29, 2008
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