Lender Ordered Auction of 75 New Waterfront Condominiums in Fort Myers, Florida - 20 Units Being Sold Absolute, Regardless of Price

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A Lender Ordered Auction of 75 brand new waterfront condominiums in real estate challenged Fort Myers, Florida - 20 Units to be sold Absolute, to the highest bidders, regardless of price.

The Riviera Condominiums

This is a unique situation where both Lender and Developer are working together to sell these units, making it an easier transition for all.

The Auction is scheduled to take place on May 16th at the Harborside Event Center, located in Fort Myers, Florida.

According to Lamar Fisher, President and CEO of Fisher Auction Co., Inc. to be a qualified bidder, one must have a $10,000.00 cashier's check per unit and should have their financing in order as they will be signing a non-contingency contract - meaning a contract that is not contingent on any financing, whatsoever.

Both Lender and Developer of "The Riviera" are cooperating to sell the balance of this 160 unit condominium complex. "This is a unique situation where both Lender and Developer are working together to sell these units, making it an easier transition for all." said Lamar Fisher. With the rapid decline of real estate, especially in the Fort Myers area, sellers have had to contend with not only dropping prices but the competition of so many condos on the market for sale. The auction process eliminates the long listing process and expedites the sale of these condos.

"This is a remarkable opportunity for anyone to take advantage of the current Florida real estate climate." Fisher continued "A few of years ago, a condo like this might have been unattainable for many people, but with real estate prices the lowest in many years and mortgage rates also low, now is the time where it's possible to jump in and capture a magnificent waterfront condo. This complex (which is located on the Intracoastal) offers great views, infiniti pool and spa, state-of-the-art fitness center, beautiful club rooms and entertainment area - just great amenities."

"The Condominiums were originally selling upwards of $500,000 but in recent years some have closed as low as the high $200,000's. Fort Myers has been hard hit by the recent real estate slump, but it is a beautiful city and these condos are directly on the intracoastal, close to historic downtown with restaurants and theaters - a location that is great for those looking for a vacation getaway or professionals that want to live and enjoy an upscale lifestyle - now is the time to buy." said Lamar Fisher.

For additional auction / preview information or photographs visit fisherauction.com

Contact Information:
Lamar Fisher, President / CEO
Fisher Auction Co., Inc.
954.942.0917 x 13


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Midge Navarro
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