Sunday, April 13, 2014

Ratings and Reviews From RENT.COM
http://www.rent.com/florida/panama-city-beach-condos/nautilus-cove-4-664494#
Overall Rating 2.6 out of 5 stars


Nautilus Cove Resident
It was okay but not my best experience 
Surveyed on: January 25, 2014

==========================================
Nautilus Cove Resident
The staff is Wonderful. Repairs & concerns are addressed quickly. The condos are beautiful. My problems are the walls & floors are paper thin. U can hear noises from below, behind and beside you. Not quiet like the write up says. The day I moved in I had Roaches & it's been a problem every since. No matter how much I bought & sprayed. My condo is too far from the trash compactor I have to drive. Parking is far I have to carry groceries all the way around to back side. 
Surveyed on: February 1, 2014

===========================================
Nautilus Cove Resident
the condos were nice but you could hear the people above you all the time. the bathroom in the master bedroom was the worst when someone upstairs flushed the toilet, you could hear the water rushing down the sewer pipes. the property manager didn't like children so the children had to be in by dark. no where for the children to toss a football or just run and play. not enough room for handicap parking in front of condo. it might be better now since under new management. 
Surveyed on: January 29, 2014

=============================================================

Also take a look at ApartmentRatings.Com  Where NCC is 

Rated at 29%
http://www.apartmentratings.com/rate/FL-Panama-City-Nautilus-Cove-Condominium.html

AND - If you want info on how poorly these NCC condos are constructed you should go to:  http://nautiluscondosrules.blogspot.com/search?q=fire  and see how the Fire Dept rates them.  

Hint:  In a fire they are 'prone to early collapse'

Friday, April 11, 2014

So is this Blog 'OPEN' or is it 'CLOSED'?

Neither is entirely correct. 

This blog goes back to 2007 when I purchased here, but I sold my condo in January 2013 and of course my interest level has dropped considerably.

Still there is quite a lot of information here that is of value to Owners, Renters or those considering a purchase, so the blog will remain so all can access the info, it just won't be added to very often.

Bill Harris

Thursday, April 10, 2014

Nautilus Cove Condo Information



For Your Information: 
You can see Owners List's, Delinquency List's and old condo newsletters at:  http://nccownerslist.blogspot.com/ and you can click on this direct link to see the meeting minutes for the last 6 years:   http://tinyurl.com/66zdaor, for 185 NCC photos see: http://nautiluscondo.blogspot.com

There is also an under used message board for NCC found at: http://nautiluscove.proboards.com/index.cgi   

also look at:
Declaration of Condo:  http://nautiluscovedeclarationofcondo.blogspot.com/
By-Laws of NCC - http://tinyurl.com/37vbqkz
NCC Articles of Incorporation - http://tinyurl.com/34wp8pj
Rules and Regulations - http://tinyurl.com/39lbjwl
New 10/4/10 Condo Management Agreement - http://tinyurl.com/39sy3cy

Old Condominium Management Agreement - http://tinyurl.com/3x8963n
Budgets of 2012, 2012 Balance Sheet of 10/2010 -  http://tinyurl.com/2d4oh4j
6 NCC Newsletters:  http://nautiluscondosrules.blogspot.com/2011/09/blog-post.html

NCC Email addresses FYI:
Barbara Simmons,  (Owner #802) is BOD President
barbi@knology.net
Lenny DiGiacomo   (Owner #616) is BOD VP
ljdpcb@gmail.com   
Norman Knight, Developer Appointed, Secty/Treasurer

Concord Management at NCC:
   Office Tel:  235-1009
   Office Fax:  235-1282
Concord's Regional Manager - Panhandle
Kenneth.Furtaw@ConcordRents.com
or:  Concord Management, LTD
(407) 741-8600 Fax: (407) 975-9109
PO Box 940729, Maitland, FL 32794-0729
Contact Information:
Mr. Ed Kleiman (President)
Mr. Michael S. Yonge (Executive Vice President)
Mr Andrew Frye (Director of Credit and Collections)

Wednesday, April 2, 2014

2nd NCC Lien for #101 is now cancelled

On 2/21/13 NCC filed a lien for $2,466 against Salman Ali, owner of #101. As of 4/2/14 the lien and sale are now cancelled.  

This unit is a 4/3 and it was originally purchased 10/16/06 for $179,900, yearly taxes run $1,685. NCC also has a 2nd lien for $1,670.75 filed 7/1/10.
Mr Ali was also the subject of 2 State of Florida Dept of Revenue liens, one in 2008 for $4,536 and one in 2011 for $2,209, each for non payment of 'sales/use tax'. Both of these liens were subsequently satisfied.

Monday, March 24, 2014

#306 to be auctioned May 8, 2014

#306, which started out as the Rodney Smith condo, is again in the 'news', this time with a 'Final Summary Judgment of Foreclosure' against Smith and JOPC, LLC, the latter being in temporary possession of said unit but Hancock Bank has the superior claim against the unit and would simply move to evict JOPC, LLC and/or any tenants of the unit.

The unit will be auctioned to the highest bidder at 11 a.m. on May 8, 2014.  Usually the bank will purchase the unit for a small amount and place it with a realtor for sale at about 50% of the amount of the foreclosure.



Considerable info is available about this unit and its history and here is the cite which will pull up the info from this blog site:  http://nautiluscondosrules.blogspot.com/search?q=306

Hancock Bank seeks $237,824 from Smith, who has been gone for several years from NCC.  At one time he ran for the BOD but was not selected.

Friday, March 7, 2014

#905 Matthew Hooke

Misc: 
Date 905 Purchased: 09-14-2007 
Amount paid: $ 179,900

Thursday, February 13, 2014

What is being listed for sale at NCC

#105, a 4/3, 2nd floor, is available at an asking price of $117,500 under MLS #: 616356
Price has not changed since being added to site on 1/21/2014.  Unit was formerly owned by David and Amy original sale price on 10/5/2006 of $184,900.

#1602, a 3/2, ground floor, for $98,000 under MLS #: 614614, Owners are Steve and Carrie Weeks.  Price has not changed since being added again to site on 2/12/2014, it was listed as of 11/12/13 for sale "As Is, Short Sale" at $94,000 purchased 2/15/07 for $164,900.

Fannie Mae asks $99,000 for #615


On June 27, 2013, #615, a 3/2 upstairs unit, was taken in a foreclosure action by Fannie Mae for $57,800.  (ie: they bid on their own foreclosure)

This unit was one that NCC had filed liens on for past due condo payments, it was subsequently auctioned by NCC and purchased by Gordon Harris (for $9,500) who got a certificate of title from the County.  The unit could not be sold by Harris as Fannie Mae also had it up for foreclosure getting a Final Judgement for $186,639.79 and had a superceeding claim to it.
  
As of Jan 30, 2014, the unit is now up for sale by Fannie Mae for $99,000. MLS #616523.  It will probably sell for around $82,000 as such foreclosures usually go for 45-55% of the original sale price.

The original owner was Peachy Gayatin who purchased the condo on 11/10/06 for $168,200.

Tuesday, February 11, 2014

Just For the Record:

Who is the Nautilus Cove Developer?

On Feb 13, 2004 Gulf Boulevard Partners Ltd was created and on Dec 14, 2005 the then Gulf Boulevard Partners, Ltd amended their Certificate of Limited Partnership and had a name change to Nautilus Development Partners, LLLP. and on 12/31/09 the name was changed again with an Amended and Restated Certificate of Limited Partnership to SAS Nautilus Cove Managers LLC


A look at the Florida records at http://sunbiz.org brings in several other names. 

All these name changes brings to mind the old Abbott and Costello standup comic routine of "Who is on first" or perhaps the game of trying to find which shell the pea is under.
 

What is the correct condo name?

It is not: Nautilus Cove Resort or Nautilus Cove Apartments.  The condo name as filed with the Florida Dept of Corporations on 4/12/06, and reflected in the 7 pages of the Articles of Corporation for a Florida Non Profit Corporation states that the condo is called Nautilus Cove Condominium Association, Inc.   The initial slate of Directors named were: Price, Brock and Missigman, all appointed by the Developer.

Is Nautilus Cove a HOA?

No it is not a Home Owners Association (HOA).  NCC is a Condominium Association (CA).

Q)  How many developer units remain unsold?
A)  56 (plus #708 which the developer bought back from an owner and it is now held under the name Nautilus 708, LLC)

---------------------------------------------------------------------------------------------
Moved up the blog from Sept 8, 2013

Unit #708, a 3/2, (Bill Harris) has been sold 85% furnished, via Pelican Realty to the condo developer Nautilus Development Partners LLLP, and titled under: Nautilus 708, LLC*, for $93,000, which is 56% of original sale price of unit. (no comm paid by seller).  Original sale price was $165,900 in May 2007. 

Owner Harris was a frequent critic of Concord Management and the developer, and was standing for the Board in the 2013 election on a platform of removing Concord from managing the complex.   With the 1/11/13 sale the composition of the 2013 Board will remain the same as it is now with Owners Mrs Simmons (#802) and Mr DiGiacomo (#616) and one developer appointed Board member.

This blog site was established in December of 2007, has 300 posts and it will remain up and open although it will not be updated with any frequency as blog author (myself - Bill Harris) has no further connection with Nautilus Cove.

It is said that the 2 happiest days in the life of a boat owner are the day he buys his boat and the day he sells it.  This also applies to condo owners.  Unfortunately this turn of events means that the Developer and Concord remain in charge of the condo and the poor management will continue.
-----------------------------------------
* Managers are:  MISSIGMAN, PAUL M. and PRICE, DEAN C. II

Thursday, January 30, 2014


1/30/14  Since most owners do not live in Bay County here is what went on during the storm as reported in the local newspaper:

A storm to remember

Icicles hang near the M.B. Miller County Pier in Panama City Beach on Wednesday.
Icicles hang near the M.B. Miller County Pier in Panama City Beach on Wednesday.
Andrew Wardlow | The News Herald
Published: Wednesday, January 29, 2014 at 18:26 PM.
PANAMA CITY Years from now, the numbers won’t tell the story about the winter storm of 2014 that effectively shut down the better part of Bay and surrounding counties with a flurry of sleet and ice that made even a walk outside to pick up your paper an adventure.
The 0.07 inches of precipitation recorded at Northwest FloridaBeaches International Airport won’t reflect the closure of BayCounty ’s bridges, the only real east-west arteries for traffic, or the harried parents trying to juggle getting to work with taking care of their families.
The relatively small number of recorded power outages won’t tell anyone about the sometimes befuddled residents taking a crack at getting their iced-down car doors open, or trying to chip ice off their windshields.
All of it combined, though, to bring Northwest Florida its worst winter storm in a quarter century, one that shed just enough of its winter baggage to shut down schools for two days or more, freeze out motorists, cancel flights at the airport and generally bring things to a halt in an area not used to such events.
Many businesses like grocery stores and restaurants closed early and opened late and many people made the smart choice to stay home. Kids took advantage of the day off and the slippery stuff to enjoy something they may not see again here.
Law enforcement officers staked out places like the HathawayBridge to keep motorists off and safe and to escort emergency vehicles and those in dire need across. Dirt dumped on the bridge to provide some sort of traction stood in stark contrast to the white sheet of sleet it replaced.
-----------------------------------------------------------------------------------------

10:45 A.M. 1/29/14 

UPDATE: Hathaway and West Bay bridges still closed

Hathway Bridge Wednesday morning nwfsnow
The Hathway Bridge Wednesday morning as seen from a marina landing balcony.
Larry Autry
Published: Wednesday, January 29, 2014 at 11:42 AM.
PANAMA CITY — The Hathaway and West Bay bridges and the Bay County Courthouse are all closed.
The Bay County Courthouse is closed Wednesday, with the hopes to reopen it Thursday. An official decision on its reopening will be made Wednesday afternoon, said Jan Shadburn, court administrator.
Though the court is closed, the first appearance and shelter hearings are still taking place. Once arrested, one must receive a first appearance hearing within 24 hours, so they must continue. And shelter hearings are for juveniles and must be done in a timely fashion, Shadburn said.
The judges can do the hearings remotely, though. Meanwhile, court filing deadlines will be extended an extra day for each day the courthouse is closed, a process referred to as “tolling.”
Some businesses in Bay County are also closed and the Bay Town Trolley is shut down until 1 p.m.
Gulf County has declared a state of emergency. 
The Northwest Florida Beach International Airport (ECP) is reporting multiple cancellations and delays. All outgoing Delta Air Lines flights are canceled until after 2 p.m. Wednesday. Incoming Delta flights are canceled until 7:30 p.m.
Southwest Airlines is showing no problems with outgoing flights, but an incoming flight from Baltimore-Washington International had to be diverted to Nashville. Southwest has canceled an 11:20 a.m. flight from Nashville to ECP, but other incoming flights are not affected at this time, according to ECP's flights information website.
Superintendent Bill Husfelt has issued an updated closure message due to changes in weather conditions.
All Bay District public schools and offices/departments are closed today for students and all employees, according to a Wednesday morning news release. Regular operations should resume on Thursday. However, the weather will continue to be monitored by school officials and any changes to the schedule will be sent through media, email and posted to the district web.
Currently, several roads and bridges on the state highway system in Northwest Florida are closed including nearly 200 miles of Interstate 10 from the Florida / Alabama line east to mile marker 181 in Gadsden County, officials wrote in a news release. Florida's Department of Transportation is concentrating all efforts on keeping traffic on U.S. 90 flowing east and west in The Panhandle. Equipment is loaded with dry sand and crews are deployed to affected areas. Crews are monitoring closed roadways for conditions and stranded motorists.
"Weather conditions continue to deteriorate creating hazardous road conditions," The news release states. "FDOT encourages residents to stay indoors and avoid venturing out unless it is an emergency."
Motorists are reminded to be watchful of other drivers and road conditions and to be on the lookout for iced roads. The combination of moisture and freezing temperatures are ideal to form patches of ice on roads. Drivers should remain alert and drive with care. Drivers are reminded to use caution and drive at a reduced speed during this time.
Drivers may call Florida 511 from their mobile phones. Additionally, updates will be provided as conditions develop at www.FL511.comand on Twitter @myfdot_nwfl.
Two public meetings have been canceled in Panama City due to weather.
One meeting was to discuss millions of dollars of early Gulf restoration projects. The projects were coming through the Natural Resource Damage Assessment (NRDA) process.
The Northwest Florida Water Management District also won’t have its regional water supply plan meeting, but it will be rescheduled.
The water management district’s offices are closed Wednesday, but will reopen Thursday.

  
Previous Update:
PANAMA CITY — Road conditions remain hazardous for much of The Panhandle Wednesday morning.
The Hathaway Bridge was closed around 4 a.m., and the Florida Department of Transportation reports the West Bay bridge (State 79) over the intracoastal waterway has closed. The Bailey Bridge (State 77) between Southport and Lynn Haven is open but it is being monitored closely by law enforcement. In Panama City both the Tarpon Dock and Massalina Bayou bridges are closed.
BCSO is warning that the Callaway Bayou Bridge on State 22 is dangerous and that drivers should take care when crossing.
Most of the businesses and government offices are closed today. That includes Naval Support Activity Panama City, Tyndall Air Force Base, Bay District Schools which is now closed not only to students and teachers but also all employees, Florida State University Panama City and Gulf Coast State College.
Gulf Power is reporting that 59 customers in Bay County are without power. A few hundred people are without power in Walton and Holmes Counties.   
Panama City officials said motorists should be prepared for temporary road closures. PCPD officials also reported snow in Millville.
The only exit from Panama City Beach is now to the west — into Walton County via U.S. 98. The U.S. 331 bridge is closed, as well.
Sleet continued to fall in downtown Panama City, and sleet was reported on Panama City Beach, as well. 
Sheriff Frank McKeithen described his venture across The Bailey Bridge this morning as a mystery. 
" I didn’t know if I was going to slide or if I was going to go straight," he said. He added that deputies would be working with drivers to help them as much as possible, to get information out about road closures and detours. 
Panama City Beach Chief Drew Whitman also has officers on the road watching out for motorists.
"A lot of people are not used to driving on ice so we’re trying to keep them from driving too fast," he said. He added that most of the side streets on the beach were iced over and there is a concern that drivers will attempt to stop on a side street and slide into a main thoroughfare like Back Beach Road. Whitman is asking people to stay home and refrain from driving around and taking photographs.
The biggest problem area right now is near Ripley's Believe it or Not on Front Beach Road, he added.
It is currently 28 degrees in Bay County and it feels like 18. The temperature is expected to rise into the 30s before the day is over and sink back down to 25 tonight. Tomorrow, the forecast calls for temperatures in the 50s and sunshine.   
5:30 a.m.:
PANAMA CITY — Temperatures around Bay County hovered at or just under freezing at 5 a.m., and some parts of the county may not see temperatures rise above freezing till Wednesday afternoon.
Tyndall Air Force Base was reporting 32 degrees, but upper 20s were reported along the beaches and downtown Panama City.
Another heavy round of frozen precipitation — freezing rain, sleet and snow — was headed off the Gulf of Mexico around 5:30 a.m.--
5 a.m.:
PANAMA CITY — Bridges throughout the area are icing up, and some rural roads are becoming hazardous.
The only bridge that has closed so far is the Hathaway Bridge, although the Florida Highway Patrol reports. The West Bay Bridge, which carries State 79 over the Intracoastal Waterway, has not closed but is ice over. Ice and snow were reported ont the Holmes Creek Bridge near Graceville, Wrights Creek Bridge near Bonifay, Chipola River bridge near Campbellton, Bear Creek Bridge (U.S. 231) in Bayou George and the North Bay Bridge between Lynn Haven and Southport.

==============================================
Meanwhile 300 miles north in Atlanta:


Thursday, January 23, 2014

Unit #105 on the market for $117,500

Unit #105, a 4/3 2nd floor, formerly owned by David and Amy Turner, was auctioned off to the highest bidder on Nov 12th at 11 a.m.  The 'Final Judgement for Foreclosure' was issued on 9/23/13, for $178,561.21.  The mortgage holder simply bid the usual $100 with no competing bids and the unit went back to the mortgage holder and it is now on the market as of 1/20/14, under MLS#:  616356 at the List Price of $117,500 and it should sell for about half the original 10/5/2006 sale price of $184,900. 

1/23/14 Update:  Sale Cancelled by Court!

#104 sold at auction for $37,800


























Formerly belonging to Roberta Jones.  As is typical in such cases mortgage holder will bid against anyone by offering slightly more than what was bid so as to retain the unit and put it up for sale, usually such units go for about half the original purchase price.

The unit is a 4/3 ground floor and was sold originally to Ms. Jones on 12/12/06 for $184,900.  Taxes on such units are usually $930 with no homestead exemption and $506 with an exemption.

Auction Sold - 01/16/2014 11:25 AM CT
Amount - $37,800.00
Sold To - Plaintiff
Auction Type: FORECLOSURE
Case #: 13000418CA - Final Judgment Amount: $149,362.61
Parcel ID:  40000-100-004 - Property Address:  13700 PC BCH PKWY 104
PANAMA CITY BEACH, 32413
Assessed Value: $84,150.00
Plaintiff Max Bid: Hidden
Case Number: 13000418CA     Case ID: 2594628     End Date: 01/16/2014 12:25:00 PM
Proxy   Bidder ID Bidder Name Bid Info Bid Date/Time  
  6245 Idania Carpio $37,700.00 01/16/2014 11:07:06 AM  
  Auction  Bidder ID Bidder Name Bid Info Bid Date/Time  
  Opening Bid $0.00 01/16/2014 12:23:01 PM  
  Plaintiff winning bid $37,800.00  
  Auction Closed 01/16/2014 12:25:00:00 PM  

The final bid was made by Plaintiff :   GREEN TREE SERVICING LLC,
In the total amount of:   $37,800.00

Monday, January 13, 2014

Who Lives on the Property in 2014

Of the 168 units only 20 have Home Owner Exemptions, 1 of these can be discounted as #206 - J Jones has long ago moved away but the County has not yet removed the exemption, so it is reasonable to say that probably only 19 Owners actually live on property (ie:  1 in 8.8 units occupied by owners). 

This is 11.3% Owner Occupied and has dropped from the last time I looked on 9/21/12, when 24 units were Owner Occupied or 14.2% (1 in 7).

Clearly this has gone from being a working condo to an rental apartment complex for 'working' class tenants, AKA "affordable housing" for 149 rental units.  

This is actually exactly what was intended when the complex was built.  

See:  this blog sites post at Monday, 6/21/04 "Nautilus Cove Was Always Meant As Low Income Housing - Not a Condominium" which quotes the 6/21/04 article "Local: Affordable Housing at Beach Grows" or just enter 'affordable housing' in this blogs 'search' bar and you will pick this and other blog posts on the topic.

Sunday, January 12, 2014

Yes Thanksgiving has passed -

but that dosen't mean you can't still buy a Turkey for $6.7 Million!



Highlights

59% Huge 4 Bedroom 3 Bathroom Units
Huge Resort Pool
Beautiful Club House
Only 8 Blocks to Public Beach
Great Drive By Traffic for Rentals
Huge Potential for Selling as Condos when Market Recovers

Description

56 beautiful condos in the Nautilus Cove community. These are new construction (not condo conversion) condos with granite counter tops and stainless steel appliances. The mix is 33 four bedroom, three bathroom; 10 three bedroom, two bathroom; and 13 two bedroom, two bathroom. All financial information, building size, lot size and other information in this listing will need to be confirmed by buyer.

Nautilus Cove is located just 8 blocks from a public Gulf of Mexico beach and less then 1 mile from the new Pier Park shopping district. The new international airport is only 12 miles from the property.

See entire listing at:  http://www.loopnet.com/Listing/17468613/13700-Panama-City-Beach-Parkway-Panama-City-Beach-FL

Tuesday, January 7, 2014

#206 on the market for $109,900, #104 to be auctioned Jan 16th

Misc Info:    Jan 11th is the first annaversary of this blog owners having sold his condo (#708) back to the deveolper and he is pleased to be 'gone' from NCC even if it meant a $78,000 loss over what he paid for it in 2007.

===================================================================


Unit #206, formerly Jennifer Jones (a 3/2 ground floor courtyard side unit next to the pool) is on the market as of 1/6/14 for an asking price of $109,900, under MLS #: 615905

The unit had a 'Final Judgment' entered for Ocwen Loan Servicing LLC, for $199,474.48 and the unit was then sold at auction Oct 31. 2013 for a winning bid $42,600 by the mortgage holder.  It will probably go for 45-55% of the original sale price.  Additional info is on this blog at a post on 11/2/13.


------------------------------------------------------------------------------
On Dec 3rd a Judgment was entered against Roberta Jones, #104, now of Kisimmee, Fla. for $149,362.61. The unit will be sold at auction on January 16, 2014 at 11:00 a.m.  The unit is a 4/3 ground floor and was sold originally on 12/12/06 for $184,900.  Taxes on such units are usually $930 with no homestead exemption and $506 with an exemption.

Normally the holder of the mortgage will buy back the condo for $100 and put it on the market for about 50% of the original sale price.



Auction Type:FORECLOSURE
Case #:13000418CA
Final Judgment Amount:$149,362.61
Parcel ID:40000-100-004
Property Address:13700 PC BCH PKWY 104
PANAMA CITY BEACH, 32413
Assessed Value:$84,150.00
Plaintiff Max Bid:Hidden


Friday, November 29, 2013

Update on "The Gates of Bid-A-Wee"


Just across the street from NCC is a housing development which is in the news from time to time.  

This time the Martin v. City of PCB suit has been moved from Bay County Court to Federal District Court.

You might remember that in 2011 Bid-A-Wee restricted access via their 6 walkways to the public beach. This access is covered by a long standing Public Easement. 

BAW resident Randy Martin opposed the closing and BAW President Smith alleged an incident took place where Smith was injured and Martin arrested. Martin was aquitted in 20 minutes of deliberation and now sues the City of PCB and a former PDBPD officer who lied about the arrest.  

The long running saga is available at:  http://bidaweeeasement.blogspot.com 
Click for Direct Link to this site:

Wednesday, November 13, 2013

Auction Held for Condo #105 - #1602 Listed for sale

Case Number: 13000199CA Case ID: 2590517  Date: 11/12/2013 - Auction

Opening Bid $0.00 11/12/2013 01:07:01 PM
Plaintiff winning bid $100.00
Auction Closed 11/12/2013 01:09:00:00 PM

The final bid was made by Plaintiff : BANK OF AMERICA N A,
In the total amount of: $100.00



Unit #105, formerly owned by David and Amy Turner, was auctioned off to the highest bidder on Nov 12th at 11 a.m.  The 'Final Judgement for Foreclosure' on issued on 9/23/13, was for $178,561.21.  The mortgage holder simply bid the usual $100 with no competing bids and the unit went back to the mortgage holder and in a few months it will be back on the market 'as is' and should sell for about half the original sale price.  

It is seldom worth the effort to bid on this type of sale as the mortgage holder just bids $100 more than any competing bid and will bid right up to the total amount of the mortgage.


Auction Starts 11/12/2013 11:00 AM CT
Auction Type: FORECLOSURE
Case #: 13000199CA
Final Judgment Amount: $178,561.21
Parcel ID: 40000-100-005
Property Address: 105 CAPE COD DR 105
PANAMA CITY BEACH, 32413
Assessed Value: $74,035.00
Legal Description: NAUTILUS COVE CONDO PHASE 1 UNIT 105ORB 2842 P 243 2ND FLOOR 4BR/3BA . 1430 SQ.FT.



On the Market now:
#1602, a 3/2 ground floor, 1195 sq ft, is listed as of 11/12/13 for sale "As Is, Short Sale" at $94,000, with MLS #614614.  It was originally purchased 2/15/07 by Steve and Carrie Weeks for $164,900.

Saturday, November 2, 2013

#1001 listed for sale and #206 (J. Jones) sold for $42,600

Another 'original owner' at NCC now has listed her unit for sale.  Ann G. Henry is asking $104,900 for her ground floor 3/2, unit #1001 with MLS #614350.  

The unit was originally purchased 6/22/07 for $164,900.  If sold it will probably go in the $80,000-86,000 range.

---------------------------------------------------------------

Unit #206 Jennifer Jones (a 3/2 ground floor courtyard side unit) has had a 'Final Judgment' entered for Ocwen Loan Servicing LLC, for $199,474.48 and the unit was then sold at auction Oct 31st at 11 a.m.


Before owners panic thinking that all 3/2's are now only worth 42K you need to keep in mind that for reasons best known to holders of mortgages that they will bid up by the usual $100 on their foreclosed units. 

So don't bother bidding against holders of mortgages, you won't win.  In a few months this unit will be back on the market asking price probably $87,000.  (a better location than #1001)

Here is the history of the bidding for #206.

Case Number: 11000747CA     Case ID: 2480607     End Date: 10/31/2013 12:10:00 PM
Proxy
  Bidder ID Bidder Name Bid Info Bid Date/Time
  9614 Hiram Collazo Not Enough Deposit $8,700.00 10/17/2013 09:53:48 PM
  6245 Idania Carpio $7,700.00 10/21/2013 11:02:39 PM

 Auction
  Bidder ID Bidder Name Bid Info Bid Date/Time
  Opening Bid $0.00 10/31/2013 12:06:02 PM
  Plaintiff Auto Bid $7,800.00
  5957 Boldbaatar Dorj $25,000.00 10/31/2013 12:06:44 PM
  Plaintiff Auto Bid $25,100.00
  5957 Boldbaatar Dorj $40,000.00 10/31/2013 12:06:59 PM
  Plaintiff Auto Bid $40,100.00
  7854 Myra Floyd $40,200.00 10/31/2013 12:07:18 PM
  Plaintiff Auto Bid $40,300.00
  7854 Myra Floyd $40,400.00 10/31/2013 12:07:31 PM
  Plaintiff Auto Bid $40,500.00
  6245 Idania Carpio $41,700.00 10/31/2013 12:07:45 PM
  Plaintiff Auto Bid $41,800.00
  7854 Myra Floyd $41,900.00 10/31/2013 12:08:26 PM
  Plaintiff Auto Bid $42,000.00
  7854 Myra Floyd $42,100.00 10/31/2013 12:08:48 PM
  Plaintiff Auto Bid $42,200.00
  7854 Myra Floyd $42,500.00 10/31/2013 12:09:08 PM
  Plaintiff winning bid $42,600.00
  Auction Closed 10/31/2013 12:10:00:00 PM

The final bid was made by Plaintiff :   OCWEN LOAN SERVICING LLC,
In the total amount of:   $42,600.00