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Nearly 700 Florida foreclosures sold in bulk to private investor
Palm Beach Post ^
| 10 September 2012
| Kimberly Miller
Posted on 10/04/2012 12:08:08 PM PDT by Lorianne
click here to read article
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1
posted on
10/04/2012 12:08:12 PM PDT
by
Lorianne
To: Lorianne
Was Pacifica Companies bailedout?
2
posted on
10/04/2012 12:14:17 PM PDT
by
fella
("As it was before Noah, so shall it be again,)
To: Lorianne
I’ve been trying to buy a foreclosure and it’s like none of these banks want to sell them. Odd.
3
posted on
10/04/2012 12:16:12 PM PDT
by
McGruff
(Support your local Republican candidates. They are our last line of defense.)
To: McGruff
Ive been trying to buy a foreclosure and its like none of these banks want to sell them. Odd. You're not the only one. The banks don't want to let them go and face an immediate write-down. They would rather sit on it and wait until uncle sugar sprinkles some happy bucks on them and takes the bad properties away.
4
posted on
10/04/2012 12:22:23 PM PDT
by
Malsua
To: Lorianne
$17,600 per piece of real estate. What Obama donor got that deal? Was there bidding, or was this just a giveaway?
To: McGruff
Same here.
They are not interested in small time investors.
6
posted on
10/04/2012 12:24:00 PM PDT
by
Lorianne
(fedgov, taxporkmoney)
To: fella
Here is a summary of a comment for the original article:
The Pacifica Company, is privately owned by the Ishrani’s, a Iranian family.
http://pacificacompanies.com/
To: fella
Here is a summary of a comment for the original article:
The Pacifica Company, is privately owned by the Ishrani’s, an Iranian family.
http://pacificacompanies.com/
To: SoFloFreeper
bulk sales of Fannie and Freddie (read taxpayer) owned residential foreclosed real estate. Same thing going on with FHFA
9
posted on
10/04/2012 12:26:16 PM PDT
by
Lorianne
(fedgov, taxporkmoney)
To: ruralvoter
10
posted on
10/04/2012 12:39:38 PM PDT
by
ColdOne
(I miss my poochie... Tasha 2000~3/14/11 0bie don' t eatl my dog!)
To: McGruff
graft for administration supporters.
11
posted on
10/04/2012 12:44:43 PM PDT
by
Chickensoup
(STOP The Great O-ppression)
To: Lorianne
Was this an arms length transaction, an open market transaction, or an inside deal??
To: Lorianne
The crony-capitalists dividing the loot once again.
13
posted on
10/04/2012 1:11:53 PM PDT
by
E. Pluribus Unum
(Government is the religion of the psychopath.)
To: Uncle Chip
I’d say inside deal since ordinary small time investors are shut out of the process.
14
posted on
10/04/2012 1:12:57 PM PDT
by
Lorianne
(fedgov, taxporkmoney)
To: Lorianne
Unless my math is wrong, that's a little over $17,500 cash per property.
That's a steal.
To: Lorianne
That works out to $17,600 per home.
16
posted on
10/04/2012 1:18:31 PM PDT
by
fso301
To: Lorianne
I agree with this comment>>>
Posted by longtimenorthwooder at 8:15 a.m. Sep. 14, 2012
It is a fast track to Section 8 housing......at least you have a better chance if they are sold individually that they will be owner-occupied or at least not Section 8 occupied. Just wait, Tequestian, Section 8 is coming to you as the federal government has made it easier for higher-valued properties to be rented out...
17
posted on
10/04/2012 1:20:11 PM PDT
by
dennisw
(Government be yo mamma - Re-elect Barack Obama)
To: Lorianne
Obama the anti-colonial spreading that wealth. After all, we stole it from the poorer Countries ...... according to him.
18
posted on
10/04/2012 1:25:13 PM PDT
by
liberalh8ter
(If Barack has a memory like a steel trap, why can't he remember what the Constitution says?)
To: dennisw
Probably true singe that is a gauranteed government (read taxpayer ) income stream. Can’t lose on a deal like that with the prices they are paying for the homes.
19
posted on
10/04/2012 1:27:23 PM PDT
by
Lorianne
(fedgov, taxporkmoney)
To: Lorianne
20
posted on
10/04/2012 2:25:20 PM PDT
by
wtd
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