261 + apartment complex on 331

[wrobert]

Sounds like the safest investment vehicle in America as of tonight. Don't they start the bidding at 18% interest in Walton County and bid it backwards to the party willing to accept the least rate of return?

When Rhonda Skipper took office one of the things she did was take this bidding to the internet. It has resulted in a lot more participation, but from what I have seen, at a significantly reduced interest rate. Competition works.

 

[Sandcastle]

When Rhonda Skipper took office one of the things she did was take this bidding to the internet. It has resulted in a lot more participation, but from what I have seen, at a significantly reduced interest rate. Competition works.

Quite a few counties have internet bidding now. The rates are so low that it doesn't make sense to bid. Maybe rates will head up this year, because the normal bidders might be running short of cash.

 

[Creeklover]

any word on this in the moving foward in the county??

 

[xtrafun07]

Reply

there was a meeting before the BCC last night , they continued this issue until the 10th of Feb at the Annex , again please attend there are issues that will be open to the public . Thanks again for any input

 

[Busta Hustle]

isn't this parcel bank owned? or at least closer to being

 

[Smiling JOe]

They just lowered the price to $2,000,000. Anyone want to buy some property? 50% off sale

 

[SHELLY]

They just lowered the price to $2,000,000. Anyone want to buy some property? 50% off sale

...does that include the $47,000 the deadbeat owner hasn't paid in the past 3 years?

.

 

[Smiling JOe]

Shelly, I'm sure that you are aware that the taxes are included, as they are the first thing to get paid out of the closing. For the record, even if the property owner hasn't paid, someone else is paying the taxes via tax certificates, with penalty going to the owner, so your point is really mute.

 

[Busta Hustle]

looks like Rosestar is now the proud owners.

 

[PalmBeach]

What is the status of this project?