Friday, January 7, 2011

  Misc F.Y.I.: 
1) Delinquency: Recent collection efforts by the office have reduced the total amount outstanding to $97,600 from a high of $114,825.
2) Liens: 3 more are in the process of being filed, these should be the last for the immediate future.
3) New Sale: The #604 condo (Brandi Everson) is reported as sold to a Mr. Covington. The price paid for it originally on 9/21/07, by Ms Everson was $174,900 for the 3/2 unit. As a guess, the new sale price should be around $90,000. We already have a Mr. William Covington here in #710, another 3/2, that sold to him 6/7/10 for $89,000. This was an old Waterstone foreclosure and was 1 of 4 in the 7 building that Compass Bank took back and resold. A good guess might be that Mr. William Covington of #710 is the same as the Mr. Covington of #604. This is a good time to purchase if you have the money.  Foreclosed condos or short sales are going for 50-60% of original sales prices. Taxes on 3/2s without Homestead Exemptions are running $1,150.