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Ugo Colombo's real estate career began when he acquired and resold a group of foreclosed units from the Federal Deposit Insurance Corporation. [6] [7] He then formed his company CMC Group, which focused on the management of distressed real estate in Miami. His company then entered the design and construction industry with a focus on high-rise ...
From stock market news to jobs and real estate, it can all be found here. ... and Britney Spears Felt a Portal to Another Dimension for Sale for $18M ... 12-story condominium tower in the Surfside ...
In July 2024, "The Whale", a 6,700-square-foot oceanfront home on Figure Eight Island, sold for $13.9 million, becoming the highest home sale price in North Carolina. [40] The previous record was the August 2023 sale of a $13 million oceanfront home on Figure Eight Island. [41]
Since 2012, no mortgage payments have been made on the 2005 loan, according to court documents. Alex Díaz de la Portilla would have had to have paid more than $600,000 to prevent the sale.
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
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