The Real Deal Miami

Posts Tagged ‘foreclosure’

  • Miami Gardens warehouse headed for auction

    Built in 1975, the 43,974-square-foot building last sold for $1.78 million in 1998.
    July 18, 2015 10:35AM
    The online auction is set for Aug. 17.

    The online auction is set for Aug. 17.

    The owner of a Miami Gardens warehouse faces a $3.7 million foreclosure judgment and the property is scheduled for a foreclosure auction.

    U.S. Bank represented a securitized commercial mortgage trust in winning the judgment against  the warehouse owner, 5244 Holdings, together with its managing members, Ricardo Julio Arias and Ana Maria Arias.

    The warehouse at 5255 Northwest 165 Street, which measures 43,974 square feet, is scheduled for an online [more]

  • Florida’s foreclosure prevention program shifts tactics

    $1B Hardest Hit Fund would give cash for home down payments
    April 06, 2015 11:15AM

    A foreclosed home up for sale

    Florida’s $1 billion foreclosure prevention program, which has historically helped homeowners fight off bank repossessions with mortgage assistance, might start pitching in for first-time homebuyers’ down payments.

    The proposal would earmark $50 million for down payments from the federal Hardest Hit Fund, which was created with taxpayer money, a publication reported. [more]

  • $37.5M foreclosure biggest of the year: report

    The Centre on 441 tops list; two hotel properties, land and office property round out top five
    December 12, 2014 01:41PM
    Foreclosure sign

    $37.5 million foreclosure biggest of the year.

    A $37.5 million action on retail property The Centre on 441 topped the list of South Florida foreclosures in 2014, according to a published report.

    The foreclosure was brought by Minnesota-based U.S. Bank (CMBS), representing a securitized commercial mortgage.


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  • Miami office building faces second foreclosure suit

    Building was first subject to lawsuit in 2012
    November 26, 2014 05:05PM
    Foreclosure sign

    Beneficial Funding Corp. filed second suit.

    An office building in Miami-Dade has been served with a second foreclosure lawsuit.

    In Miami’s Little Havana neighborhood, Hibiscus Properties and managing member Nancy Babe are facing their second foreclosure lawsuit in three years, according to a report. Beneficial Funding Corp. filed the lawsuit over a three-story, 51,100-square-foot office building located at 42 Northwest 27th Avenue. [more]

  • Foreclosed Palm Beach mansion back on the market for $12.5M

    The mansion had listed for as high as $18.9 million before foreclosure
    November 25, 2014 12:45PM

    A Google Maps satellite view of the mansion

    A Palm Beach oceanfront mansion that was mired in several years of foreclosure proceedings is reportedly back on the market for $12.5 million.

    Casa Bella Riente, a 13,000-square-foot estate located at 3621 South Ocean Boulevard in Palm Beach, first went into foreclosure in 2008. In September 2013, a final judgement was rendered in favor of the bank for $17.8 million. [more]

  • WPB industrial park facing foreclosure

    CMBS lender targets nearly 150,000 square feet of warehouses
    September 15, 2014 03:45PM
     1700 Latham Road in Wedt Palm Beach

    1700 Latham Road in Wedt Palm Beach

    An industrial park near West Palm Beach is facing a $10.1 million foreclosure lawsuit.

    U.S. Bank, representing a commercial mortgage-backed securities trust, filed a foreclosure lawsuit against Okeechobee, formerly known as Latham Road Commerce Center, according to the South Florida Business Journal. [more]

  • Two Banker’s Row office buildings face foreclosure

    GE Cap aims to seize properties at 230 and 240 Royal Palm Way
    September 08, 2014 03:45PM
    230 and 240 Royal Palm Way

    230 and 240 Royal Palm Way

    Two neighboring office buildings on Palm Beach’s Banker’s Row are facing foreclosure. [more]

  • Foreclosures still on the decline across South Florida

    But Florida leads the nation in filings for the tenth consecutive month
    August 14, 2014 04:30PM


    New foreclosure filings remain on the decline across South Florida, according to RealtyTrac data. [more]

  • Another alleged foreclosure rescue scam uncovered in Florida

    Florida attorney general files joint lawsuit against Tampa law firm, several others
    August 11, 2014 01:30PM

    Gavel-new315-304Another Florida law firm was shut down by authorities over an alleged foreclosure rescue scam.

    The Tampa-based Berger Law Group and several other entities and individuals were named in a federal lawsuit filed in the Middle District of Florida. Berger and the other defendants are accused of getting millions of dollars from homeowners across the nation through what are known as “mass joinder” lawsuits. Florida’s attorney general office worked with its counterpart in Connecticut on the investigation and suit. [more]

  • South Florida foreclosures led nation in June

    Annual figures show activity in region is down, however
    July 17, 2014 04:30PM


    With 1.65 percent of its homes facing foreclosure, South Florida posted the country’s highest foreclosure rate in Florida in June, according to RealtyTrac. [more]