Nearly 700 Florida foreclosures sold in bulk to private investor

Palm Beach Post ^ | 10 September 2012 | Kimberly Miller

[wtd]

More on the IndyMac/OneWest shenanigans in this video:
http://m.youtube.com/watch?feature=plcp&v=ssl5yb7FewA

[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.

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.

[fso301]

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!

[Jacquerie]

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.

[wtd]

Ash Israni of Pacifica Co is not listed as a big Obama donor , but has several Israni members linked to Pacifica donating to the Dem party.