As you know the 4 Waterstone condos are in foreclosure, the first to be sold at the Courthouse steps is #710, and it brought only $51,000, and was sold to Compass Bank, who held the mortgage. On 4/27/07 each unit was sold to Waterstone at $164,900 with Compass Bank providing the mortgages.
This leaves a deficit of about $116,000 owed to Compass Bank, the other condos may go in the same range leaving Compass still due about $460,000 from Waterstone/NCPCB Investments. Probably Compass intends to bid on all the remaining units. Of course anyone can buy the remaing 3, if you want a bargain on them then you can go to the north steps of the Bay County Courthouse on the date specified and put in your bid. Details on the 4 NCC units can be found using the direct links below.
RE: #710
8/18/2009 CERTIFICATE OF SALE SOLD TO PLT 51,000.00
8/18/2009 PROOF OF PUBLICATION
8/18/2009 PAYMENT $70.00 RECEIPT #2009044078
8/18/2009 FORECLOSURE SALE ASSESSED $70.00
710 Sold 8/18/09
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2281658
712 To be sold 8/31/09 11 a.m.
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2281823
714 To be sold 9/10/09 11 a.m.
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2281827
716 To be sold n/a
http://records2.baycoclerk.com/courtcaseweb/CaseDetail.aspx?txt=waterstone+r&ps=50&m=name&s=4&caseid=2281840
Waterstone currently owe $8,400 in unpaid quarterly assessments to the condo.
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