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E Realty International 305-361-6606 ext 4
The Square Shopping Center 260 Crandon Bl. #49 Key Biscayne, FL 33149
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Below is the current list of Short sales on Key Biscayne. Updated: September 2008

 

Complex Address Beds Baths Sq.Ft.
List Price
Year Built
sunrise club condo 100 SUNRISE DR # 12 1 1 530 110,000
1964
SUNRISE CLUB 100 SUNRISE DR # 25 1 1 530 125,000
1964
SUNRISE CLUB 100 SUNRISE DR # 1 1 1 562 155,000
1964
SUNRISE CLUB CONDO 100 SUNRISE DR # 19 1 1 562 225,000
1964
SUNRISE CLUB CONDO 100 SUNRISE DR # 22 1 1 562 225,000
1964
LE PHARE CONDO 798 CRANDON BL # 40-C 2 1 875 325,000
1980
KEY ISLANDER 290 SUNRISE DR # 311 3 2 0 340,000
1964
LE PHARE KEY BISCAYNE CON 798 CRANDON BL # 22-C 2 1 875 342,900
1980
OCEAN VILLAGE 101 OCEAN LANE DR # 2015 2 2 1450 350,000
1982
OCEAN VILLAGE CONDO 55 OCEAN LANE DR # 2028 2 2 1450 380,000
1982
SUNRISE CLUB CONDO 100 SUNRISE DR # 36 1 1 0 392,000
1964
KEY COLONY 161 CRANDON BL # 317 2 2 1470 397,900
1981
KEY COLONY 4 101 CRANDON BL # 176 2 2 1600 449,000
1981
KEY COLONY 161 CRANDON BL # 424 2 2 1600 460,000
1981
KEY COLONY BOTANCIA 141 CRANDON BL # 243 3 2 1720 485,000
1981
KEY COLONY CONDO #4 161 CRANDON BL # 211 3 2 1720 499,000
1981
CAPE FLA CLUB 296 SEAVIEW DR # C4 2 2 1800 580,000
1970
KEY COLONY 161 CRANDON BL # 413 2 2 1922 589,900
1981
KEY COLONY NO 2 CONDO 251 CRANDON BL # 340 2 2 1532 645,000
1979
RESORT VILLA TWO 715 CRANDON BL # 505 2 2 1310 725,000
1997
Towers of Key Biscayne 1111 CRANDON BL # C1202 4 3 2896 850,000
1972



Key Biscayne short sales: What is a short sale?

A short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale.

Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower's financial situation.

A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history and the partial control of the monetary deficiency. Additionally, a short sale is typically faster and less expensive than a foreclosure. In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount. - James Salas

 

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