Seminar To Focus on Miami Foreclosures, Condo Sales

PR Log (Press Release) – Oct 19, 2009 – Developers sold more than 900 condo units at a price of over $250 million in the 60-block stretch of Greater Downtown Miami in the third quarter of 2009, representing a 278 percent increase in sales activity from the previous quarter, according to a new Condo Vultures® White Paper report.

As the developer condo inventory falls, the number of foreclosure filings in Miami-Dade County increased 22 percent to 4,366 notices of default - the first step in the repossession process - actions in the third quarter of 2009 compared to 3,569 actions in 2008, according to the report produced using the Condo Vultures® Foreclosure Database™.

Condo Vultures® founder Peter Zalewski  is scheduled to discuss the third quarter Miami condo results and future trends at the next Condo Vultures® Seminar Series on Oct. 27 at the Doubletree Grand Hotel in Downtown Miami.

The program, "Miami's Condo Trends In Q3 and Beyond," begins at 5.30 p.m. and features a networking session and question and answer period.

The registration fee for the event is $25 online and $30 at the door. Credit cards are accepted at the door.

For more information about the seminar, please visit the Upcoming Events page at CondoVultures.com or contact CondoVultures.com executive editor John Fakler at 800-750-0517 or jfakler@condovultures.com.

Condo Vultures® would like to thank event sponsors Tui Lifestyle, Yale Mortgage Corp. and Ad Valorem Title for their support. Additional sponsorships are still available. Please contact John Fakler for more information about seminar table sponsorships.