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 Freelance Writer |
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
Related Articles
Featured Contributor
Deidre WoollardDeidre Woollard
The recent "Rock of Ages" movie has put many in a hair-metal mood this summer, with some of the...
Read More | View Profile
The Best of Luxury
Event Calendar

the holiday gift guide 2013

DISCOVER THE LIST >
1

Sony DSC-QX100 Smartphone Attachable Lens

Sony basically packed all the usual camera inner workings within the lens... more >

2

Flask Bangle by Cynthia Rowley

For the life of the party this Cynthia Rowley flask bangle holds three ounces... more >

3

Carbon Fiber Ciclotte

Designed and crafted in Italy, Ciclotte's luxury exercise bike models... more >

Day

Keeping Up with JustLuxe
Like Us on FacebookFollow Us on TwitterRSS Feeds
Sign Up for Our Newsletter!
Current News & Features
The Dyson 360 Eye Is Good Clean Fun
Let Your Baggage Be Light With The New TUMI V3
Vertu Shows Off Their Craftsmanship Chops With The New Aster Leaf
Jaguar’s Big New Cat is Out of the Bag
Traversing Two Colorado Peaks With the 2017 Porsche Macan GTS
Houston's Blossoming Summer Bar Scene
José Andrés Stares Down Michelin Recognition
7 Elite Tennis Academies Producing Pros
Plan Your Summer Party Like the Professionals Do
All Black Everything for This New Yacht Concept
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