The Real Deal Miami

Fort Lauderdale investor ready to buy 28 homes in Versailles development

August 06, 2010 12:00PM

A home for sale in Versailles

Christopher Anzalone, a 27-year-old investor and president of Fort
Lauderdale-based Liberty International Real Estate, says he has
contracts to buy 28 of approximately 40 homes on the market in
Wellington’s Versailles
, which has been plagued as the subject of a mortgage
fraud scheme. The contracts total about $18 million, he said. Anzalone’s
biggest deal was the purchase of a home in the development for $800,000
on a home where the bank was owed $5.7 million. He is currently a
renter in the 415-home community. [Palm
Beach Post]