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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
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To: wtd
21
posted on
10/04/2012 2:31:10 PM PDT
by
wtd
To: SoFloFreeper; fso301; Uncle Chip
It's $12.3 million up-front
plus the first $49.3 million realized, or $61.6 million; divided by 699 homes equals
$88,126 per home. Undoubtedly, this is a substantial quantity discount, but the buyer is out $12.3 million unless it can sell them and still doesn't get a penny until having first sold $61.6 million. Without knowing the neighborhood and the local economy, it's impossible to assess.
22
posted on
10/04/2012 2:36:07 PM PDT
by
Hebrews 11:6
(Do you REALLY believe that (1) God IS, and (2) God IS GOOD?)
To: Hebrews 11:6
It's $12.3 million up-front plus the first $49.3 million realized, or $61.6 million; divided by 699 homes equals $88,126 per home. Thanks!
23
posted on
10/04/2012 2:38:42 PM PDT
by
fso301
To: ruralvoter
A bankrupt US government will eventually start selling assets, such as its huge reserves in western lands. Imagine Soros buying tracts the size of states.
History rhymes, in a tragic way; we paid much of our Revolutionary War debt via the sale of lands in the old northwest and southwest territories.
24
posted on
10/04/2012 3:25:03 PM PDT
by
Jacquerie
(Exterminate rats.)
To: SoFloFreeper
25
posted on
10/04/2012 6:03:18 PM PDT
by
wtd
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