Monday, August 5, 2013

#206 Foreclosed and to be sold at auction in 30 days

The #206 condo of 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 will be sold at auction Oct 31st at 11 a.m.

The unit was initially purchased 11/5/07 for $170,000.  It will probably sell for $100 to Ocwen who will then put it on the market for eventual sale at 45-50% of the original sale price.

Ms. Jones twice served on the BOD, being elected in Dec 2007 with 22 of 39 votes cast and serving for 4 1/2 months before resigning in 2008 citing the lack of co-operation from the Developer's 2 appointed members and again running in the 'Turnover' election in Dec 2010 and serving for 56 days before that term expired. 

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