Foreclosure Listings

New on Market. Will not last long.

This Property has been Foreclosed, but The Bank has not put a price upon it yet. We can project what The Bank might List it for, but please understand it is a rough unofficial "ball park" estimate at this point.

This Property has been Foreclosed, but The Bank has not put a price upon it yet. We can project what The Bank might List it for, but please understand it is a rough unofficial "ball park" estimate at this point.

Below are comprehensive Lists of current Foreclosure properties in Broward County directly off the MLS, all REO Listings within stated geographic area. They are not new REOs. To receive notifications of new Listings please see the section on "Automatic Updates" below. We present these Lists Free of any obligation. You do not have to register, give us any personal information. Simply click on the Link. It will open a pdf you can save or print on your computer. We offer one set of lists for Condos, another for Single Family Homes. These are Bank-Owned REOs, no Short Sales. We update them weekly, every Friday. If you are interested in making an offer on any of these properties, feel free to give me a call.

For serious investors and true connisseurs here are properties which have appeared on the market in the last 7 days. I'll try to update these more often than once a week, however I'm not making any promises. These are Listings for REOs (Foreclosures) and Approved Short Sales in the prime section of NE Broward in both Condos and Single Family which have appeared in the last 7 days. As always I offer these Lists Free of any petty nonsesnse. You do not have to register, give us personal information. Simply click on the Link. It will open a pdf you can print or save on your computer. If you are interested in making an offer on any property, give me a call. To receive notifications of new Listings as they break daily you must contact me so I can set up Automatic Updates which will be emailed to you once or twice a week.

Short Sales are generally excruciating. If there's one thing we've learned it's the Banks aren't much smarter at digging themselves out of this mess they created than they were digging themselves into it. However as this "Wild West" of a Real Estate Market continues to mutate we have seen the emergence of a new class of properties  – the "Approved" Short Sale. Somebody made an offer on these places, but walked while the Bank dithered. Now the Lender has approved a price these deals could go quick. Approved Shorts bear watching. People making offers on these properties are usually low-balling. Lenders might've countered, but there's a good chance these represent some pretty good deals.

A lot of attention, in many cases too much attention, in today's market is focused upon Foreclosures, also known as REOs (Real Estate Owned). Many people believe in the old adage: "One man's trash is another man's treasure." There are, however, several other old sayings you would be wise to live by. "When something sounds too good to be true, it usually is." The other is: "Buyer beware."

True, you can find some good deals in REOs, and they might make more sense for certain investors, however we would not limit yourself to shopping Foreclosures. Buyers should not overlook regular old-fashioned sales. If a homeowner needs to sell his house they cannot List it appreciably higher than the Foreclosure or Short Sale next door, on his block, in his neighborhood.

To compete successfully in the Foreclosure market you must understand the way things work, follow methods which are at this point established. Here's a few things you should know, be prepared for:

1.) Remember Foreclosures by definition represent a home someone has walked away from. This is not an overnight process. It took months, probably over a year to get these people out. They...  (continued)

We will be more than happy to email you Free Automatic MLS Updates Weekly. Call or Email us at the address below. Give us your basic parameters:

• Condo or Single Family

• How Many Bedrooms / Baths

• City or Geographic Area

• Price Range

• Other Details: Waterfront, Ocean View, Golf Community, etc.

You must give us your name, a working telephone number and a valid email address. Please be aware that if your parameters are too broad it will generate a large number of results and we reserve the editorial right to limit parameters in that case. Your personal information will be for our use only. We will not sell or give your personal information to anybody else. You will receive updates once a week for 90 days.

Below are Links to web pages where Banks and Lenders List their REO Properties. You may see Real Estate Agents Listed for Contact Information. These are not "Listing Agents" in the traditional sense. They receive a small Commission from the Bank for filling out paperwork, putting a Lock Box on the property. They do not show the property. In some cases they don't even negotiate Offers, which are submitted over the Internet. As a result, these Agents often care little about individual deals, seldom return messages, are non-responsive to a Buyer's questions and concerns. If you are interested in Foreclosures you might be well-advised to find a Real Estate Agent who will represent your interests in these transactions. Me, for instance.