Monday, June 16, 2014

#202, a 3/2, ground floor, pool side, now listed for short sale at $114,900 with MLS #621136.  Original owner Gary Hallaway original purchase date 08-13-2009 for $145,900, bought from developer:  GULF BOULEVARD PARTNERS, LTD. aka NAUTILUS DEVELOPMENT PARTNERS, LLLP

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On 6/11/14 the developer (Nautilus Development Partners LLLP) filed for eviction on their tenants:
Lynette Waters and Clay Corbitt, summons were issued for both.  Case #14001397CC.

Donteus Holtz and Veronica Elmore, summons were issued for both.  Case #14001398CC.

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6/7/14 Update on #306:  
This unit is now listed for sale at $116,600 with MLS:  #620922

#306 sold May 8, 2014 for $200
#306, which started out as the Rodney Smith condo, has been sold to:  the mortgage holder Hancock Bank

This unit was originally sold 8/3/07 to Smith for $208,000.



per the below 'Final Summary Judgment of Foreclosure'  which was against Smith and JOPC, LLC, the latter being in temporary possession of said unit but Hancock Bank had the superior claim against the unit.

It is usual that 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

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