Foreclosures

8,000 Foreclosures, Short Sales, Bank Owned & Distress Properties

This website provides you access to over 8,000 properties in pre-foreclosure, short sale, bank owned, or distress property stages. The foreclosures are broken down by area and price to make it easy for you to find the type of property that you desire.

Many reports have put Florida at #2 in the nation in the number of foreclosures. This is no surprise as Florida was one of the leaders in property appreciation during the real estate boom. The numbers of foreclosure homes have affected the entire spectrum of the market. From small cottages under $100k, to beachfront mansions over $10 Million. It has affected every price range and created opportunities, driving the prices back to 2001-2002 levels.

The pre-foreclosure properties, sometimes offered as short sales, can be great deals. This occurs when a homeowner is not able to continue making their mortgage payments. The value of the home is less than what is owed on the property, and the bank is being asked to take the loss. There are quite a few of these short sales out there right now and they present great deals to buyers. When working with a pre-foreclosure, or short sale, you must be patient. The banks are overwhelmed with the number of requests for short sale sales and it often takes 4-8 weeks to hear back on an offer.

Bank owned homes can also be great deals. Since the bank has already foreclosed on the property, they are able to make quick decisions on offers that come in. However, the bank took over the property believing that they can recoup a majority of their money on it, so bank owned homes are not always the best bargain. You do have to work with the right agent that is familiar with bank owned properties and is able to identify the best deals.

If you are looking to purchase a foreclosure, short sale, bank owned or distress property, we can help you find the right property, at the best price.

Please click on one of the links below for the area that you are interest in: