Earlier I discussed a multi-million dollar foreclosure in Miami-Dade County. Word hit yesterday that an under-developed community in Davie, Florida is being foreclosed on. The community was small, with eight units. Of those eight units, only two solds (way back in 2006).
There are two mortgage holders with more than $10 million in total mortgages. Interestingly, the second mortgage holder filed, which means this one may not wrap up quickly.