Home LifeStyle  Luxury Homes Madoff's Homes for Sale: Luxury Brokers Wanted by Feds

Madoff's Homes for Sale: Luxury Brokers Wanted by Feds

Posted: Aug. 20th, 2009  |  By James Rothaar |
RSS Syndicated News Email a Friend Suggest an Article Share
Celebrity Real Estate News: The U.S. Marshals Office recently posted an announcement that the office is seeking the assistance of experienced real estate brokers to help in the selling of properties owned by the 21st century's most notorious con artist Bernie Madoff. There are three properties with an estimated value of each at $7 million. The Feds want a broker to assist in the selling of an Upper Eastside penthouse in NYC, a beach house in the East Hamptons in Montauk, NY, and a palatial residence in Palm Beach, Fla.

Since proceeds from the sale of the real estate go directly to the victims burnt by Bernie, the U.S. Marshals Office's objective is to obtain top dollar from the sale of the luxury properties. That is why the office is going outside its standard liquidation procedures with LPS Assets Management Solutions in liquidating Madoff's three ill-begotten luxury properties.

Brokers hopeful of landing this opportunity must meet specified criteria to qualify for consideration. A track record that includes previous high-profile clients and the handling of transactions of $4-million or more over the past two years are requisites for brokers interested in applying. Additionally, brokers may need to elaborate on what they did specifically in order to protect the privacy of their clients. The NY Post reported that is unclear as to when the properties will go to market.

For JustLuxe James Rothaar
Related Topics : Celebrity HomesNew YorkFloridaLifestyle News
Share on Facebook Share
See Next Article
Write a Story/Review about Celebrity Homes

Post a Comment

 
1 Comments on this Article

RD commented on August 28, 2009

Well how unfortunate! But this man is a crook and I am glad to see the authorities bring him to justice. His greed has contributed to the nations poor economy right here today. Also if anyone needs help with luxury home short sales, we do ALL of the negotiations so bring us your luxury home short sales deals. Contact Short Sales Here 4U @ realdeals@shortsaleshere4U.com for your short sales of luxury homes today. We offer up to 6% commission to realtors and investors for luxury home short sale deals when they reach successful completion!! And again, we do ALL of the negotiations inhouse!!!!!

Reply    Report this Comment

Related Articles
Featured Contributor
Tara ImperatoreTara Imperatore
With so many luxury real estate listings in New York City, it can be overwhelming sifting through...
Read More | View Profile
The Best of Luxury
Event Calendar
Keeping Up with JustLuxe
Like Us on FacebookFollow Us on TwitterRSS Feeds
Sign Up for Our Newsletter!
Current News & Features
Snag an Upper East Side Second Home at 155 East 79th Street
Infographic: A Look at the World's Most Expensive Foods
Aristocard Reinvents the Credit Card With An Uber-Exclusive Social Club
Massive $1.6M Titan Zeus TV Needs a Mansion to Fit In
Customizable Sunreef 156 ULTIMATE Marketed to the Young & Rich
Jaguar Land Rover Prepares to Release Intelligent Self-Learning Car to Learn Your Routine
Listen to 35 Classic & Exotic Cars Roar to Life in Nitto Tire’s Getting Started Video
Meet JIBO: “The World's First Family Robot" That Wants to Make Your Life Easier
20,000 Days on Earth Investigates Nick Cave's Psyche & Boldly Redefines the Music Documentary Genre
Hang Out With Han Solo & Chewbacca By Winning a Role in Star Wars: Episode VII
See the complete list

Best of Luxury

Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
View All Best of Luxury
LivingLuxe. Exclusive Deals and Luxury Brands. Learn More
JustLuxe Galleries presents Popular Photo Galleries
Meet Our Writers Become a Contributor
$15.9 Million MariSol Malibu Residence Boasts Dream Community
James Rothaar »
1 Hotel & Residences South Beach Spending $100M for LEED Certification
Annalisa Solari »
I Like! Borat Star Lists Hollywood Home Overlooking Nature Preserve
Tina Stewart »
See More Contributors
THINGS WE LIKE