St Giles MetroWest: Foreclosure
Filed Under Featured Homes · Tagged:
Great bank owned (foreclosed) in St. Giles, MetroWest, Orlando. Sold for $480K in 2005 – now asking $245K!
MLS reads: “Home has fresh paint and new flooring , in a desirable area , hurry up and make an offer today. Pre-Qual/Pre-Approval/Proof of Funds required with copy of earnest money deposit. Seller’s addendum required upon acceptance of offer. *HOA Fees, home square footage, room sizes and lot sizes should be independently verified.”
To see the listing go to our MLS search engine and plug in #O4999576. Serious buyers should call us here at: 407-290-3408 for more info and a tour!
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Palma Vista Foreclosure
Filed Under Featured Homes · Tagged:
Here’s a great deal for you in one of MetroWest’s best communities. It sold for $567K in 2005 and is now owned by the bank who will let it go for $257K!
MLS says: “Don’t miss your chance to own this home in Palma Vista. This 5 bedroom, 3 bedroom, home features a formal living room, formal dining room, large family room, Kitchen with breakfast bar, closet pantry, and separate breakfast room. The gorgeous master suite features a master bath with garden spa tub, separate shower, double sinks, and the master bedroom also has a separate sitting room. There is also a beautiful screen enclosed pool, covered lanai, and fenced backyard.”
To see the listing go to our MLS search engine and plug in #O4993245. Serious buyers should call us here at: 407-290-3408 for more info and a tour!
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Veranda Park Update
Filed Under Blog · Tagged:
As always, lots of questions regarding the Veranda Park condo buildings (and commercial) in Metrowest.
To recap, the Orlando Business Journal notes that the reorganization case of VP Phase IV Ltd., which owns the 55-unit Offices at Veranda Park office condo building in the MetroWest mixed-use development, was dismissed Dec. 10 2009 by Judge Karen Jenneman. Fifth Third Bank is foreclosing on the property, being was owed $15.3 million by the Kevin Azzouz-related entity that developed the building.
At the same hearing, the judge also converted the case of Veranda Park Commercial Property Owners Association Inc., which owns the common areas in Veranda Park, to a Chapter 7 liquidation.
Motions to dismiss both cases on Dec. 8 and 9, stating that the debtor made attempts to reorganize, but was unable to present a viable plan, court records showed.
Jenneman also dismissed Chapter 11 cases involving two other buildings in Veranda Park owned by Azzouz-related entities. The Residences at Veranda Park, a 157-unit residential condo building owned by VP Phase III Ltd., was dismissed in November and a building leased by CVS and owned by Commercial Ventures Orlando LLC was dismissed in October.
Wachovia Bank NA/Wells Fargo and Regions Bank, which were owed nearly $60 million by VP Phase III, are expected to foreclose on The Residences building.
Look out for foreclosed units at Veranda Park – coming soon. Contact us here at Condo Metropolis for more info and keep your eyes posted on the MetroWest Real Estate Blog for more info.
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MetroWest Gets Surveillance Cameras
Filed Under Blog · Tagged:
After the fiasco concerning the fake cameras around MetroWest installed by the operators of Veranda park, Orlando police are now installing real security cameras to watch over the MetroWest subdivision.
The MetroWest master associasion is paying $60,000 for the 9 cameras, (ie the residents are paying since a proportion of their dues goes straight to the master HOA for Metro West).
The same technology is already watching downtown Orlando and police found the downtown Orlando cameras to be so successful, they are piloting MetroWest. Since the cameras in downtown Orlando were installed in 2008, police have recorded at least 100 crimes and made 20 arrests. Metro West will be the first neighborhood, outside of downtown Orlando, under surveillance.
The new cameras in MetroWest will feed into the established control room at Orlando police headquarters, and the new sub station on Raleigh will be available to respond. Details of where the new surveillance cameras in MetroWest will be are still being worked out but where ever they go, they sure beat the fake ones we’ve been looking at for the last 3 years!
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