(The new properties added in December 2011, click to enlarge)
NAMA has today published its now regular monthly list of properties subjected to foreclosure action – the list shows NAMA foreclosed properties at the end of December 2011. The full list is here, the list of new properties added is here, and you will find previous editions of the monthly list which was first launched in July 2011, here.
You should read the full list of NAMA’s terms for accessing the lists here. But in summary, this is what you’re looking at:
(1) Real estate property subject to loans in NAMA to which receivers have been appointed. The receiver’s website is shown against each property.
(2) This is all the real estate foreclosed sorted by country, and then region.
(3) Not all of the property may be for sale.
(4) Contact the receiver with enquiries or expressions of interest in the first instance. Only pester NAMA if you’re not getting any response from the receiver and make allowances that receivers will be busy with queries, particularly after a new release of foreclosed property.
(5) If you think there are mistakes on the list, contact NAMA.
UPDATE: 31st January, 2012. So what’s new? 35 new foreclosed properties, none of which is available for sale, which might beg questions as to whether NAMA is falling behind in its work. The foreclosures reflect the companies to which receivers were appointed in December 2011 and include Cleary Doyle and Banna. NAMA’s description of the properties becomes more vague with each release it seems. How does “Listowel – Development- Not Commenced” help you to identify the property?
NAMA Wine Lake 
“How does “Listowel – Development- Not Commenced” help you to identify the property?”
Well, if you’re looking at a completed development in Listowel you know that’s not it. Though such a process of elimination may fall flat on its face as there are probably many fields around listowel. If I had to guess at which field, I would choose one with no cows in it. :)
Looking at the fuller list, I see the Bay Apartments in Clontarf are on sale. The adverts are pretty lazy and the prices certainly aren’t fire-sale (see http://www.myhome.ie/residential/brochure/clontarf-bay-clontarf-clontarf-dublin/1755223). It doesn’t seem like a determined seller. There was a pub beside this development which was sold at peak bubble. I guess the intention was to demolish and build apartments. The boarded up pub is still there, I wonder who is sitting on those losses.
December certainly wasn’t a great month for NAMA in Northern Ireland. Just one bungalow was sold. Located in Dromore, Co Down, it appears to be this one : http://www.propertypartners.cc/27-villawood-road-dromore/158157
It was on the market for £135k. With a portfolio in NI of £3.35 billion, it’s a very small drop in the ocean.
With no new additions, 136 assets remain on the foreclosed list.
Echoing @NWL’s point about NAMA falling behind in its work : 57 assets were added to the list in October 2011, only 1 is currently on the market for sale.
It really annoys me that their spreadsheet is riddled with errors. e.g Deansgrange is not in Dublin 14.
Why don’t they just crowdsource an error check and proposed fixes? It’s free and would take about 1 day.