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First Name
Wayne
Last Name
Brooks
Are you a...
Agent
State
fl
City
Wellington
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Comments
Wayne, I got no idea how this board works; I clicked to respond to your last comment re: crazy good cash flow and ended up here with nary a sign of the comment to which I am responding. The major problems with "moving the property" are that the owner is well aware of what a good deal he has going, and is not at all interested in selling. He has an estranged wife who thinks she has a shot at the equity in family court, and is doing everything she can to trigger a default and foreclosure. Meanwhile, attorney fees are eating up the equity. Everything I have said is my opinion on public information, you can research the facts at: In Re: MB2, Inc. Southern District of Florida, 12-31308-BKC-AJC. My contact information is there, too.
No clue where Wellington is, Wayne. I assume it is near Weston. Last year I was working with Carlos Gomez, a Realtor near Aventura on his own home, and he twice had a short sale tank. He finally ended up losing it to foreclosure. I have nothing going right now except a 5.5 million apartment complex with a substantial balloon and crazy good cash flow, but I sense the sequester is going to stimulate the short sale market. I added you to my Rolodex and will suggest appropriate short sales to my mortgage impaired clients.
Doug Johnson
Debtor/creditor attorney