Fort Lauderdale Foreclosures
March 28, 2009
Fort Lauderdale Foreclosures Driving Sales Numbers In Local Real Estate Market.
If you’re looking to buy a foreclosure as a residence to live in or as a Fort Lauderdale investment property, we have a special service that you may want to take advantage of. Watch the short video below and learn about our private, premium Buyer’s service. The Fort Lauderdale Real Estate Concierge Service will afford you the opportunity to been on the pulse of the market.
Traditional foreclosure search methods are obsolete. The properties here in South Florida are moving too fast. If you are serious about buying a foreclosure or short sale in the Fort Lauderdale area then watch the video below!
While it was reported recently by the National Association of Realtors that existing home sales were up by 5% in February, it is what is driving those sales that is most interesting. First time home buyers accounted for half of all homes purchased and an astounding 45% of all transactions were distressed properties.
The numbers are even MORE shocking here in the Fort Lauderdale real estate area. In looking at the sales numbers for January and February of this year, Fort Lauderdale foreclosures account for nearly 60% of all sales. That wasn’t a typo. Yes, I said 60%! That’s unbelievable isn’t it?
By the way, these numbers are only for single family homes. I’m not even including the condos for sale in the Fort Lauderdale area.
Here’s another stat that may blow you away. (I know there’s a lot of numbers here, but please hang in there) As we begin seeing the market hit what may be bottom, we are seeing affordability returning to the market. This is evidenced by the fact that nearly 7% of all single family homes on the market are foreclosures or distressed properties available for UNDER $100,000.00!!
That’s amazing! a new home buyer or a South Florida real estate investor can buy a home that will either be a great starter home or a great rental property with immediate cash flow potential. With mortgage rates in the 5% area, affordability AND profitability has returned to the Fort Lauderdale real estate market.
Now comes the scary part. Be advised that buying Fort Lauderdale foreclosures and other distressed properties, whether they be bank owned homes or short sales, takes a certain amount of expertise to enter into this market. There can be lots of hidden problems that only a distressed property expert can alert you to.
Code violations, tax issues,building improvements with no permits…you name it and in the distressed property niche of real estate you may find it. I wouldn’t advise that anyone look at buying any of the Fort Lauderdale foreclosures without having the assistance of an experienced advisor.
Luckily, if you are looking for a great deal on a foreclosure in the Fort Lauderdale area, our office specializes in foreclosures and short sales. In addition to my 10 years of experience managing my clients through the labyrinth of hundreds of foreclosure and short sale transactions, I have assembled the best team of professionals in the South Florida area to help with whatever problem may arise.
If you are looking for a great deal on any of the Fort Lauderdale foreclosures or short sales on the market, or if you yourself are in foreclosure and would like to speak to someone about your situation, please email me at robins@robinashley.com or give me a call at 954-709-7461 and I would be more than happy to assist you.
If you’re in foreclosure and would like to know how we can help you, please take a look at how we stop Fort Lauderdale foreclosures.
Fort Lauderdale Real Estate Short Sale Tips, How To Do A Short Sale Tip 1
July 26, 2008
We have been getting tons of emails and calls from homeowners in the Fort Lauderdale real estate market who are in some stage of foreclosure and need to sell their home. They are finding out, much to their surprise, that they owe more than the home is worth. They are also finding out that their agent has no real clue how to correctly execute a short sale. So we have created this Short Sale Tip Series to educate those homeowners in trouble. Read more
Bank Owned Property In Fort Lauderdale Deal Of The Week
July 22, 2008
Hey It’s Barry Johnson, one half of the B&B Crew from Real Estate Radio USA. Each week I’m going to stop by and present our bank owned deal of the week. On the radio show we constantly get deals submitted to us from all over the Country to promote and advertise but this one here in the Fort Lauderdale real estate market was one we had to take a look at and I think you will too.
The Worst Bank Owned Property In Fort Lauderdale
July 18, 2008
In an attempt to have asset managers understand the reality of the Fort Lauderdale real estate market, we are going to begin a new series here each Friday “showcasing” the worst bank owned property listing that we can find for that week. Think of it as an REO makeover.
How To Buy A Bank Owned Property Fort Lauderdale
July 15, 2008
So you have been reading about how it’s a good time to buy a home in the Fort Lauderdale real estate market and how it’s an even better time to buy a bank owned property. So how do you do it?
Short Sales In The Fort Lauderdale Real Estate Market Made Easy
July 8, 2008
Are you a homeowner in foreclosure? Need a way to stop your foreclosure? Are you a real estate agent in the Fort Lauderdale real estate market trying desperately to get your short sale accepted or find a buyer for your short sale? As hard as it might be to believe, Steve Dillon has completed over 8,000 short sales and is still going at it!
Bank Owned Properties Are Easy To Buy In The Fort Lauderdale Real Estate Market
June 18, 2008
In an effort to spur growth in the housing sector, the Bush administration has made it easier to obtain a home by allowing the seasoning period on FHA loan approvals to be waived.
Fort Lauderdale Real Estate Short Sale Information – Avoid Losing Your Fort Lauderdale Real Estate Home Or Condo To Foreclosure
June 4, 2008
So you’ve fallen behind on your mortgage. You need to sell your home or condo but you owe more than it’s worth. You’d like the enlist the help of a real estate agent and an attorney to help you but you don’t think you can afford to pay either of them.
We Provide Our Readers With A Free List Of Foreclosures In The Fort Lauderdale Real Estate Market
May 31, 2008
Having access to a current and valid list of foreclosures for sale is very important to many prospective buyers and investors. We provide you with unfettered access to a comprehensive list of foreclosures and bank owned homes for sale in the Fort Lauderdale real estate market.
Fort Lauderdale Real Estate | Bank Owned Homes Are A Bargain!
May 18, 2008
Buyers are finding foreclosure bargains including great deals on Luxury Waterfront Homes and luxury condos.