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Condo Vultures® Realty, LLC

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1005 Kane Concourse
Suite 205
Bal Harbour, FL 33154
Phone: 305-865-5629
Fax: 1-305-832-0311


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Relying on public and private research, experience, and longstanding relationships, Condo Vultures® Realty LLC has established itself as an ideal organization to assist you in capitalizing on the residential real estate crash in South Florida.


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    Bankrupt South Beach Conversion Sells For $93 Per Foot

    The deed for a bankrupt South Beach condo conversion with 118 remaining units located across from the Miami Beach Golf Course has been purchased for $6.2 million - nearly half the original purchase price - at a Chapter 7 liquidation auction by a Palm Beach County real estate investment trust, according to a new report from CondoVultures.com.

    A one-year-old Florida company called Alton Michigan LLC with RAM Realty II REIT as managing member outbid 18 other individuals and groups to acquire the troubled Fairway Village condominium conversion located at the intersection of Alton Road and Michigan Avenue in Miami Beach's South Beach neighborhood.

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    Foreclosure cases eased in 2009
    Inman News, Posted: 02/08/10

    The number of new foreclosure cases involving property in South Florida leveled off last year, according to a market report. Default Research, a data collection firm based near Pittsburgh, Pa., found that the initiation of foreclosure cases in South Florida decreased last year after soaring for two years.


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    Condo owners can keep selling units
    Miami Herald, Posted: 02/08/10

    Everglades on the Bay, two condominium towers in downtown Miami, can continue to sell and rent units after a U.S. Bankruptcy Court judge rejected Bank of America's motion to dismiss owner Cabi Downtown LLC's Chapter 11 case and stop its rental program.


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    DWNTN UPTRN
    Biscayne Times, Posted: 02/08/10

    Headline from a January 2006 article in the New York Times: “Downtown Miami: What’s Hot and Trendy and Not South Beach?” The writer of the story, I’m embarrassed to say, was me. That headline, which I did not write, was, to put it kindly, premature.


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    Rothstein’s Partner Sued by Bankruptcy Lawyers for $1.2M
    ABA Journal, Posted: 02/09/10

    Fort Lauderdale lawyer Russell Adler, a name partner in convicted lawyer Scott Rothstein's firm, was slapped with a $1.2 million suit filed by bankruptcy attorneys who claim the money is part of Rothstein's massive investment scam.


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    Innovate -- for our future
    Miami Herald, Posted: 02/08/10

    Here's some good news: Florida's economy is showing some new life. And here's a challenge: Do we want to go back to business as usual, or are we prepared to build something new?


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    Regulators Shut Small Minnesota Bank, 16th in 2010
    ABC News, Posted: 02/08/10

    Regulators have shut down a small bank in Minnesota, bringing to 16 the number of bank failures in the U.S. so far in 2010 following the 140 brought down last year by rising loan defaults and the recession.


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