St. Andrews Place Condos, Wellington Fl. Why are some selling for a $1000 and others in same unit 100K? Some of these condos on market for months?

Asked by ljcognetti, Margate, FL Mon Sep 9, 2013

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Mark Doring’s answer
Mark Doring, Agent, Coconut Creek, FL
Tue Sep 10, 2013
Foreclosure sites are definitely not indicators of what is actively available on the market. Realty-Trac is a site that gives information on what properties are in the foreclosure process. If you are planning on buying a home, your best bet as a buyer is to consult a realtor who can give you the listings in whatever area that are active and available for sale.

Mark Doring
Re/Max Complete Solutions
0 votes
Craig Fialko…, Agent, Wellington, FL
Mon Sep 9, 2013
Any of the low sales $ are subject to 1st lienholder. Nobody is getting one of these free and clear for $1,000.
Many people are taking risk by purchasing HOA and Condo liens until the bank forecloses. It gives the buyer Certificate of Title, but not clear title, meaning they have control over the property until the 1st lienholder forecloses. This can take years and currently if the original lender does not sue for foreclosure or get summary judgement within 5 years, the person who owns the certificate of title could get the property free and clear.
0 votes
Nadine Mauro, Agent, Lake Worth, FL
Mon Sep 9, 2013

You will see that the condos listed at $1,000 are listed by Realty Trac. These are properties that are just beginning the foreclosure process and are NOT likely to sell for that price.

If you are actively looking for a condo in the Wellington area please contact me directly. Let me know what size condo and your price range, and I will work to find something that suits your needs.

Nadine Mauro
Highlight Realty
0 votes
Ralph Wilson, Agent, Wellington, FL
Mon Sep 9, 2013
They're both correct. Not even a rental price is that low in St Andrews. If you are seriously looking for a home in Wellington, and you don't have an agent - call me. 561-309-0638. Thanks.
0 votes
marc jablon,…, Agent, Boca Raton, FL
Mon Sep 9, 2013
If you are looking a Wellington condo, foreclosure sites are not the best places to look. The prices you see often do not reflect the actual prices of these condos in Wellington.

If you tell your Wellington real estate agent what you're looking for - number of beds and baths, size, amenities, and price range, your agent will be able to send you a list of Wellington condominiums that are currently available and their correct listing prices.

Marc Jablon, The Jablon Team
Re/Max Complete Solutions
0 votes
Joanna Morris, Agent, Floral City, FL
Mon Sep 9, 2013
The one listed for 1000 are just starting the foreclosure process and are not for sale - really.
0 votes
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