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South Florida - Condo Foreclosures, Residential Foreclosures in Miami Dade and Broward County


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Monica Harvey

Help is on the Way

After six months of playing political football, Congress is getting close to approving the “HOPE” bill, a $300 billion relief program designed to provide refinancing to as many as 400,000 homeowners in trouble with their current loans.
This bill can assist individuals and families at risk of losing their homes, by reducing their mortgage balances and interest rates, thus

Authored by Monica Harvey | Please Leave A Comment »

Vickie Arcuri

Ft. Lauderdale Foreclosures, Ft. Lauderdale Short Sales, Broward Short Sales & Foreclosures

Several times weekly, I am asked to define what a Short Sale is, how the process works, where to find Broward Short Sales, how to start a Short Sale, and more, so I prepared the following information for your use as Sellers interested in selling a Home as a Short Sale or as Buyers interested

Authored by Vickie Arcuri | 2 Comments »

Adriana Faerman, P.A.

Aventura Real Estate - Foreclosures Update

GREAT WATERFRONT FORECLOSURES FROM $110,000 TO $250,000

We deal directly with the bank. It is easier and fast!
 
SOUTH BEACH SHELBOURNE HOTEL - one bedroom $119,000
By far,  the best priced Oceanfront unit in the Shelborne.  The owner understands the market and would just like to sell fast.Oceanfront unit with a balcony as well. The interior is very

Authored by Adriana Faerman | Please Leave A Comment »

Robert Bishopric

Financial help for troubled homeowner and condo associations.

When a homeowner in an association or a condo owner stops paying monthly maintenance fees, the budget falls short and the remaining owners have to pick up the slack.  When there are many owners who, due to foreclosure, have stopped paying their fees, the association has to ask the remaining owners to pay big special

Authored by Robert Bishopric | Please Leave A Comment »

Ariel Segall

Who is responsible for the current mortgage/real estate crisis?

This questions was posted today at LinkedIn for debate and I thought it would be really interesting to share with all of you and get you feedback by commenting on this blog.
Who is responsible for the current mortgage/real estate crisis?
A couple wishes to buy a home. Their income is approximately $125,000 per year.
Average home prices

Authored by Ariel Segall | Please Leave A Comment »

Jason Kapit, Esq.

Short Sales Require Perfection - by Jason Kapit

Short Sale abbreviated definition – Selling your home for less than is owed with lender approval.
The issues surrounding short sales have become almost mainstream today.  Can’t afford your home?  Avoid foreclosure via the short sale.  Is it that easy?  Not by a long shot.
Truth. The banks don’t have the staff to explain it and I

Authored by Jason Alan Kapit | Please Leave A Comment »

Maria Mercedes Abondano

What’s With Foreclosures in Weston, Florida?

 Nowadays, a lot of American homeowner’s nightmare is foreclosure. Although, the statistics shows the City of Weston is one of the areas in South Florida with the lowest percentage of foreclosures; Weston is not an exception. That means that several homeowners in the area may lose their primary homes or their investment.
Therefore, some homeowners’ attitude

Authored by Maria Mercedes Abondano | 1 Comment »

Carlos Ruiz de Quevedo, AIA

Real Estate - Miami Foreclosure Listings

For those of you who have been looking for affordable housing or good investments opportunities, the real estate market is flooded with foreclosed properties. In my case I currently have 11 Bank Owned properties ranging from $95,000 to $385,000. Below is a list of these properties:

8040 SW 11 ST     - $258,000 - 4 Bed/3.5 Bath
12426

Authored by Carlos Ruiz de Quevedo, AIA | Please Leave A Comment »

Adriana Faerman, P.A.

AVENTURA REAL ESTATE AL DIA: TRUMP FORECLOSURES Y ULTIMAS VENTAS: 18101 COLLINS AVE, SUNNY ISLES, FL 33160

AVENTURA REAL ESTATE AL DIA: TRUMP FORECLOSURES Y ULTIMAS VENTAS: 18101 COLLINS AVE, SUNNY ISLES, FL 33160
 Puedo anunciar con mucha satisfacción que he vendido un apartamento en Trump Palace en Sunny Isles, Fl. Aún cuando el Mercado muestra signos de debilidad, los compradores ya se estan asomando y hacen sus apuestas. Utlimamente, el edificio

Authored by Adriana Faerman | Please Leave A Comment »

Vivian Toppe

Two Foreclosure Opportunities at Turnberry on the Green

Run and get a move on these condos! 2 bedroom, 2 bathroom apartments at Turnberry on the Green on the 5th and 16th floor. Bank owned (which avoids the short sale hassle). These units were sold by the developer 5 years ago starting at $327,000. You are getting a great discount from prices 5 years

Authored by Vivian Marie Toppe | Please Leave A Comment »

Foreclosures by City

Foreclosure Frequently Asked Questions

What is a foreclosure?

As defined by WikipediaForeclosure is the legal process in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien".

Where do I find foreclosed properties?

You can search for all pre-foreclosed and foreclosed properties that are listed in the MLS on EWM’s foreclosure search page

Is buying a foreclosure just like any other property?

The procedure for buying a foreclosure that is listed in the Multiple Listing Service is much the same as any other property. The seller is typically a bank or a third party company that the bank has designated to handle their foreclosures. But here are a few differences you may encounter:

Most foreclosures will require that you close within 30 days. Most foreclosures are sold in as is condition. Property inspections are of particular importance in a foreclosure sale. Many times the previous owner has removed fixtures or left the property in some state of disrepair.

Your offer may take some time to get a response. Since you are dealing with an absentee owner, your offer may take some time to be accepted or counter-offered and the response may be verbal. Some offers may require an approval from a higher source before it can be expected. The best way to proceed in making an offer is to make your contract as straightforward as possible.

Some foreclosures may be done on special contract forms or require special addenda. Ask for samples of these forms when you see the property so that you will be prepared when you make your offer.

Many foreclosures will ask for your financing information prior to accepting the offer.

Read more....