On June 9th, I wrote about 53 condo units in a newly completed Downtown Miami condo high-rise that were heavily discounted.  Those 53 condos all went under contract within 2 weeks.  That opportunity has passed but I am now aware of a new opportunity.  This time the development is located in Brickell.  I’m looking for [...]

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I was made aware of 53 units that just became available in a high-end, recently completed condo building in Miami to be sold at approximately 50 percent off initial preconstruction prices.  The only way to qualify for the bulk pricing is to purchase 5 or more units as an individual person or a group.  Since [...]

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For the past couple of years, vultures have been circling the skies of Miami waiting for the right moment to swoop in for the kill.  Their day of reckoning seems to have finally arrived.  I am now familiar with over 30 condo developments in Miami and Miami Beach with units available to be purchased in [...]

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Yesterday, a rumor was circulating that 100 condos recently went under contract at Quantum on the Bay to an investment group from Israel in a bulk sale transaction.  I was able to confirm today, from multiple sources, that the rumor is true.  However, everyone is keeping quiet in regards to the details involved in the [...]

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In December, Fannie Mae established new lending requirements for condo developments located in Florida which went into effect January 15, 2009.
Some of the updated lending requirements are as follows:

Up from 51 percent, FNMA will now require that at least 70 percent of the total units in a condominium project must be conveyed or be under [...]

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