Interested Buyers have asked me what the procedures are for buying Foreclosed Properties directly from the Court also known as buying properties “on the Courthouse Steps,” a process that hardcore Real Estate Investors are already VERY familiar with. Earlier this year, the Broward County Clerk of Courts Office finally went online with their Foreclosure Auction process, so Foreclosure Sales… Read More
Waterfront Condo Foreclosures
Waterfront Condo Foreclosures in Broward County I reviewed the new listings of Bank Owned Waterfront Condo listings and selected those that represent a great value based on their Water views, below market prices, location, and condition. Click here to view them. They are located in Ft. Lauderdale, Hallandale, Pompano Beach, and Hollywood in the following Buildings: The Palms Condo… Read More
Foreclosure Purchases and Inventory
Foreclosures Sold in Broward County in the 1st 6 months of 2010 Within the first 6 months of 2010, purchases of 2,100 Bank Owned Single Family Homes have been recorded in the MLS*. Within the same period of time, there were 3,387 purchases of non Distressed Properties and 1,402 purchases of properties listed as… Read More
What is a REO?
Frequently, a property description will state that it is or isn’t a “REO” and I’ve had Buyers ask me what it means. “REO” refers to Real Estate Owned by a Bank or Corporation that has been acquired through the Foreclosure process also known as Bank Owned Properties. Other related terms that you will… Read More
The Port Condo Market Update
Saturday, I visited the Port Condo again while showing Units to Buyers who are interested in the Building. Within the last 6 months, 9 Condos have sold in The Port Condo, per Broward County Property Tax Records and the MLS. Details of the sales are as follows: Unit 1109, purchased for $700,000 on February… Read More
Broward County Foreclosures purchased within the last 90 days-Market Report
Potential Buyers who are interested in purchasing South Florida Foreclosures often ask me what the recent activity levels have been for Bank Owned Foreclosures. I regularly provide this information to Buyers I’m working with and decided to prepare a detailed Foreclosure Market Report as one of the regular Market Reports that I blog about. Following is… Read More