Foreclosure Homes For Sale
Check Out the Latest Foreclosures
Here is a link from the Realtor Magazine for January 2022 on Foreclosures
Foreclosures should have been arriving due to the circumstances surrounding the crisis of Covid-19 and the high unemployment rate but a foreclosure moratorium has delayed this entire process for 2020. The foreclosure mortarium ended June 30, 2021.But guess what, foreclosures are not coming anytime soon.
As of December 2021 and we have an extremely low number of foreclosures on MLS. Due to the high amount of equity in a sellers homes from this pandemic, there is little need for there to be a foreclosure. The buyer demand has been so high and the seller supply is so low that the increase in price for homes has added so much equity. People can sell as a regular sale and avoid foreclosure.
The CDC - Center for Disease control has extended the eviction moratorium for tenants until June 30,2021.
A new spike in new foreclosure filings is starting by the second quarter of 2021. Again, The number of foreclosures may be increasing. although they are not here. Foreclosure homes come in all types and all sizes. We’re here to help you in your search, although you should expect very little to show up. If you are in the market for a short sale, foreclosed or REO property, please contact us. We display the most recent foreclosures listed in our MLS. Now the question becomes, will foreclosures come?
To be in the know when it comes to foreclosures, you need a licensed real estate agent working for you on the inside. We’d love to help you keep track of the latest opportunities in [area]. If you want to view properties today, please don’t wait for an email reply, call us at [phone] for the fastest service. Will foreclosures be on the horizon. We will watch and see...
Back in 2008 I was on a Wells Fargo foreclosure team for 3 years. We saw foreclosures in every city. Yes, it will be happening again. The foreclosures are not here yet.
Why? Most homes are in forbearance.
What is mortgage forbearance?
Forbearance is when your mortgage servicer or lender allows you to temporarily pay your mortgage at a lower payment or pause paying your mortgage. You will have to pay the payment reduction or the paused payments back later.
Forbearance can help you deal with a hardship, such as, COVID-19, you had an illness or injury that increased your healthcare costs, or you lost your job. Forbearance does not erase the amount you owe on your mortgage. You will have to repay any missed or reduced payments. Forbearance is usually between a 6 month period with a extension to a 12 month period.
Many investors are also dealing with rental properties and collecting no rent due to COVID-19. This is another challenging area taking place.
Strong Homeowner Equity
Homeowners will not see the amount of foreclosures that we have seen in past years. The market today is very different than in 2008. Homeowners have more equity in their homes than what the market experienced in 2008.
Buyer Beware:
- Any lien recorded on title prior in time to the foreclosing mortgage.
- First Mortgage (if the foreclosing mortgage is a second or third mortgage)
- HOA or COA assessment liens (in certain states)
- Mechanic’s Liens (in some states)
- Government liens such as state and federal tax liens, city or county liens, US Government liens.
- IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)
- Code Enforcement Liens, Environmental Liens, and Utility Liens
- Child Support Liens
- Hidden 3rd or 4th lien
Keep in mind, sometimes, auction homes have title issues. For distressed properties in particular, auction companies may not guarantee a clear title which would leave the buyer responsible for paying things like outstanding tax liens or unpaid utility invoices.
There are other ways to purchase a foreclosure property. Call Susan J Penn PA for more information at 954-557-5993
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Foreclosure Homes For Sale
Vacant parcel along East Dania Beach Blvd. This parcel is the closest developable parcel to the intracoastal waterway on Dania Beach Blvd. Property is surrounded by nat...
- F10283034 MLS
- Hollywood Central Beach B Bldg.
FULLY FURNISHED OCEANFRONT 2/2 AT FAMED "W" FORT LAUDERDALE BEACH. WITH NO RENTAL RESTRICIONS, THIS GORGEOUS BEACH RETREAT CAN ALSO MAKE A GREAT INCOME PROPERTY. OWNERS ...
- 2 Beds
- 2 Baths
- A11203521 MLS
- W Fort Lauderdale Bldg.
BEST DEAL ON THE BEACH! FULLY FURNISHED AND APPOINTED BY MYER DAVIS STUDIO NYC, THIS 2 BEDROOM 2 BATH CONDO IS THE PERFECT BEACH RETREAT. WITH FLEXIBLE LEASE TERMS, OWNE...
- 2 Beds
- 2 Baths
- A11150470 MLS
- W Fort Lauderdale Bldg.
AUCTION. Affordable, beachfront 3/2 apartment is located on Hallandale Beach. Come enjoy resort style living with great amenities. Complex offers a gym, tennis court, bus...
- 3 Beds
- 2 Baths
- A11198432 MLS
- 2080 Ocean Drive Condo Bldg.
This exquisite 3 bedroom/3 bath townhome plus office in boutique Wilton Manors community is perfectly turnkey. Property features a 2-car garage and plenty of upgrades: go...
- 3 Beds
- 4 Baths
- F10331628 MLS
- Pelican Perch Bldg.
Best beal in the city. Lowest priced home in Lighthouse Point and has new roof and impact windows. Big open split floor plan with beautiful floors thruout, updated kitche...
- 3 Beds
- 2 Baths
- F10330195 MLS
- Hillsboro Estates 39-46 B Bldg.
BANK FORECLOSURE, PRICED TO SELLLOWEST PRICE IN THIS UPSCALE GATED COMMUNITY. LOTS OF SQUARE FOOTAGE, HUGE MASTER BEDROOM, HIGH END STAIRCASE, UPDATED KITCHEN. LARGE COV...
- 5 Beds
- 3 Baths
- RX-10798729 MLS
BANK OWNED FORECLOSURE, NICE AMMENITIES IN LAGUNA ISLES. ENJOY THIS WATERFRONT HOME, FIVE BEDROOMS, THREE BATH, THREE CAR GARAGE.THIS PROPERTY NEEDS TLC INCLUDING ROOF W...
- 5 Beds
- 3 Baths
- RX-10793315 MLS
- Laguna Isles Bldg.
Bank Owned, Single family 3 bed/2 bath home located in a quiet, all age community with no HOA fees! Home has a carport with laundry room, circular driveway, stacked bed...
- 3 Beds
- 2 Baths
- A11206379 MLS
- Riverland Village Sec 1 R Bldg.
REO Occupied AUCTION - the seller does not represent or guarantee occupancy status. NOVIEWINGS of this property- no Interior photos. Please DO NOT DISTURB theoccupant. ''...
- 3 Beds
- 2 Baths
- RX-10798653 MLS
INVESTMENT OPPORTUNITY, HANDYMAN SPECIAL, 3 BED 2 FULL BATH, ONE CAR GARAGE, BELOW GROUND POOL, RESIDENTIAL AREA, EASY ACCESS TO MAIN ROADS, ALL OFFERS MUST BE PRESENTED ...
- 3 Beds
- 2 Baths
- A11203381 MLS
- Miramar Park Third Add Bldg.
None
- 4 Beds
- 2 Baths
- F10325973 MLS
- Welwyn Park 35-16 B Bldg.
Desirable North Lauderdale neighborhood...Spacious 3 bed, 2 bath SFH with a converted garage which could be used as a 4th bed. Brand new kitchen cabinets & SS appliances,...
- 3 Beds
- 2 Baths
- F10326464 MLS
- North Lauderdale Village Bldg.
Renovated 2/2 first floor corner unit in gated Wynmoor's Bimini Village. Largest model. 1568 sf under air! Foyer entry. Open kitchen. Shaker cabinets. Granite counters. S...
- 2 Beds
- 2 Baths
- F10316020 MLS
- Wynmoor/Bimini Village Bldg.
"Investor Special"!!! Cash buyers only due the property condition. Spacious 3 bedrooms, 2 bathroom SFH with a1-Cg and an addition which is being used as a 4th bedroom and...
- 3 Beds
- 2 Baths
- F10331578 MLS
- Sunrise Golf Village 3rd Bldg.
Must See first floor corner unit apartment, in an all-ages building. Renovated top to bottom with an exquisite taste. Easy to rent, no minimum down to purchase and no wai...
- 2 Beds
- 2 Baths
- A11204859 MLS
- Vista Garden Bldg.
Welcome to Hampton House boating community. Second floor renovated 2/2 unit overlooking Million dollar homes, passing/docked private boats, community pool, and much more....
- 2 Beds
- 2 Baths
- F10331233 MLS
- Hampton House Bldg.
This townhome is located in a beautiful and well-maintained neighborhood and offers a large, fenced-in private courtyard area. Each bedroom has its own balcony that overl...
- 2 Beds
- 3 Baths
- F10330185 MLS
- Waterford Courtyards Bldg.
Remodeled 2/2 first floor corner unit in all ages Coco Parc Condo. Dining area off updated kitchen. Wood cabinets. Granite counters. Stainless steel appliances. Split bed...
- 2 Beds
- 2 Baths
- F10330776 MLS
- Coco Parc Condo Bldg.
2bdr/ 2bath gated community in the heart of Pembroke Pines with clubhouse, gym, pool, tennis court & playground. Close to shops, restaurants and highways. Unit is being ...
- 2 Beds
- 2 Baths
- A11174985 MLS
- La Via Condo Bldg.
Great home located in the Mainlands of Tamarac Lakes. This home features a spacious living room, dining room, updated kitchen, 2 bedrooms, 1 bath, den, utility room with...
- 2 Beds
- 1 Baths
- A11200126 MLS
- Mainlands Of Tamarac Lake Bldg.
Welcome to one of the best opportunities in all of Tamarac. Property is located in a 55+ community, gated, tile floors, huge eat in kitchen, huge patio over looking. eas...
- 2 Beds
- 2 Baths
- F10327412 MLS
- Granville Bldg.
Beautiful condo in Oakland Park. 2/2 with 1,061 sq ft, one story. The property is being sold occupied and occupants cannot be disturbed. This community clubhouse offers a...
- 2 Beds
- 2 Baths
- A11152432 MLS
- Pines Of Oakland Forest Bldg.
Beautiful 2 bedroom, 2 baths in Ramblewood East Community. Condo overlooks a city park, a view to enjoy from the screened patio. Clubhouse, tennis, pools, gym, game room,...
- 2 Beds
- 2 Baths
- F10325492 MLS
- Ramblewood East Bldg.
What a GEM in the Lakes of Carriage Hills. Park right in front of your unit and enjoy the luxury of a FIRST floor unit. Ceramic tile in main living areas and brand new c...
- 2 Beds
- 2 Baths
- F10328769 MLS
- Lakes Of Carriage Hills Bldg.
Attention Realtors please read the Broker Remarks section for info on How to Submit Your Offer*** Spacious 2 beds 2 baths unit featuring 1,459 SqFt, large kitchen, large ...
- 2 Beds
- 2 Baths
- A11197717 MLS
- Hollybrook Golf & Tennis Bldg.
Cute 1 bedroom, 1.5 bath condo on the 2nd floor of 55+ building with a nice interior courtyard to enjoy fresh air without even having to leave your home. Unit is freshly ...
- 1 Beds
- 2 Baths
- F10328005 MLS
- Fillmore Condo Bldg.
<<<< Property is in a multiple offer situation. Seller is requesting all interested buyers present their HIGHEST & BEST offers by Monday May23 5pm. Use attached forms in ...
- 1 Beds
- 2 Baths
- F10331614 MLS
- Century Village Bldg.
Century Village Community, 55 and over. Relaxing view to open green area from the balcony. One assigned parking and plenty of guest parking. Amenities include golf, te...
- 1 Beds
- 2 Baths
- A11206115 MLS
- New Hampton Bldg.
1Bed/1Bath first floor unit in Wynmoor. Association states HOPA. This 55+ community features courtesy bus, heated swimming pools & spas, renovated fitness center, fitness...
- 1 Beds
- 1 Baths
- F10329286 MLS
- Nassau Village Wynmoor Co Bldg.
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