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South Florida

Miami buyer takes 15 properties in short sale

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A bulk buyer has bought 15 single-family homes and townhomes in southern Miami-Dade County in a massive short sale, the South Florida Business Journal reported, for 39 percent off the total amount of their distressed mortgages. The properties include 12 townhouses on 162nd Path and 136rd Avenue, single family homes in Estate Mansions on Southwest 218th Terrace and a home in Precious Forest Homes on Southwest 156th Avenue. In February, FirstBank Puerto Rico filed to foreclose on the properties’ mortgages, issued by Robert Vinas’ Lakes Acquisitions, the Journal said. [SFBJ]