Foreclosures South Florida
For information on Foreclosures South Florida contact
Doug Fraser 954 612-6816 (Real Estate Agent) Berger Realty Group.
3/2 Boynton Beach $215,000 F10118566
3/2 Boynton Beach $278,720 R10429676
3/2 Wellington $175,000 R10383266
3/2 Margate $199,900 F10117439
3/2 Wellington $299,900 R10424664
2/2 West Palm $109,900 R10424077
5/4 West Palm $478,900 R10422925
5/3 Coral Springs $429,000 A10437049
2/2/.5 Las Olas (on the canal) $639,900 A10377100
There are always Foreclosures in South Florida no matter what the economic cycle.
Since the market crash of 2008, which saw real estate values cut in half an a very short time. No markets were spared.
The real estate bubble and subsequent market crash that occurred in 2008-2009 has created a massive backlog of foreclosures. While the real estate market has been correcting since the crash, the backlogs have slowly been drying up. However, there are still plenty of opportunities left as banks unload their remaining foreclosure inventories. Most real estate markets have recovered and are back to or close pre-crash values. In normal markets there is always some inventory of foreclosed properties.
The top 10 states for foreclosures as reported in an article called Best States to Buy Foreclosures
6/5/.5 Palm Beach on 1+ acre $565,000 R10340880
From an article from BankRate (for full article click here), foreclosure filings decreased 15.44 percent nationally from August to September. According to ATTOM Data Solutions, a firm that tracks foreclosures, this is how the 50 states and the District of Columbia ranked for foreclosure filings during September. The national average for foreclosure filings last month was 1 in every 2,099 housing units.
South Florida has some of the most desirable properties in the country and waterfront property is an easy find. If you want to be right on the beach, then you have your pick of homes ranging from Spanish-style bungalows to modern townhouses. Further inland you can still find many beautiful homes ranging from 2-bedroom ranches to 5-bedroom family abodes. Whether you want colonial or modern, small or large, look through Florida’s foreclosed homes for a great deal.