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.