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
Our website features the best Foreclosure real estate search for homes, condos, land and foreclosure properties available. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.
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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.
REO/Foreclosure/Bank Owned. Incredible opportunity to purchase a luxury property over 6,000 sqft on nearly a half acre lot. Huge pool and yard. The property is renovation...
- 5 Beds
- 4 Baths
- A11397786 MLS
- Maplewood Bldg.
You are invited to come view this beautiful corner unit within the highly desired Ocean Marine Yacht Club Condominium Community in Hallandale Beach. Just across the stre...
- 3 Beds
- 3 Baths
- A11368584 MLS
- Ocean Marine Yacht Club Bldg.
This 3 bedroom with 2 full bathroom home is immaculate and fully renovated. Enjoy the open floor plan with high ceilings and large windows throughout. The beautiful kitch...
- 3 Beds
- 2 Baths
- A11397681 MLS
- Westview Sec One Part Two Bldg.
Welcome to the Air Sea Tower on S. Ocean Dr. beach side. This 2 bedroom 2 bath corner unit condo has a wrap around balcony with views of the intra-coastal and beach. Beac...
- 2 Beds
- 2 Baths
- A11366804 MLS
- Sea Air Towers Bldg.
Great investment opportunity. Lot is zoned for multi-unit residential housing. 3 story apartment building permitted as this lot has apartment buildings on either side, ...
- F10383041 MLS
- Everglade Land Sales Bldg.
Very spacious home, in the best neighborhood, multiple parks within walking distance, Beach is only 7minute drive. Kitchen & Bathrooms have been fully remodeled, Terrazzo...
- 3 Beds
- 2 Baths
- A11389219 MLS
- Lloyd Estates Add Resub Bldg.
Magnificent 4 Bedroom, 2 Bathroom Single Family Home in Coral Springs. This property is located on a corner lot with a canal in the backyard. Property Features a screened...
- 4 Beds
- 2 Baths
- RX-10895730 MLS
Beautiful 2 story townhome with 3 bedrooms, 2.5 bathrooms and 1 car garage. Located in Coral Springs, Florida in the community of Portofino. Well-maintained grounds. Com...
- 3 Beds
- 3 Baths
- RX-10895462 MLS
1/2 Condo Unit located on the 12th Floor featuring Open Balcony, Intracoastal/Skyline Views, separate Storage Room, and Lots of Amenities to enjoy including Valet Parking...
- 1 Beds
- 2 Baths
- A11360017 MLS
- Hallmark Of Hollywood Con Bldg.
Desirable CORNER unit located in the GATED community of Cricket Club. Newer community BUILT IN 2018! 3/2.5 Townhome with a 1 car garage plus two driveway spaces. Stain...
- 3 Beds
- 3 Baths
- F10382346 MLS
- Cricket Club Bldg.
LARGE LOT, GOOD INVESTMENT PROPERTY, SOLD AS-IS WITH RIGHT TO INSPECT, EXCELLENCE INVESTEMENT, POTENTIAL TO RENT IT THROE AIRNB, VERY CLOSE TO THE HARD ROCK CASINO, THE ...
- 2 Beds
- 1 Baths
- A11398816 MLS
- Carver Ranches Rev Plat Bldg.
2/2.5 Townhome with 1 car garage High tray ceilings will make you feel as if you're inside a single family home. Located in well maintained community. Amenities include T...
- 2 Beds
- 3 Baths
- F10384329 MLS
- Captiva Bldg.
Excellent location,GREAT INVESTMENT U CAN RENTED 12 TIME A YEAR once A MONTH ,AND ENJOY THE BEACH IN THE SAME TIME ,BUILDING LOCATED NEXT TO 5 STARS HOTEL ,INTERCOASTAL ...
- 1 Beds
- 2 Baths
- A11377190 MLS
- Sea Air Towers Condo Bldg.
HUD owned property. Case # 095-015944. On-line bids must be submitted on hudhomestore through a registered agent. Property sold AS-IS without guarantee or warranty from s...
- 2 Beds
- 2 Baths
- F10383324 MLS
- Waterford Point Bldg.
A rare opportunity to live in Malibu Townhouses that is nestle in an amazing Plantation area. A large two bedroom, two & a half bathroom townhouse with an attached carpor...
- 2 Beds
- 3 Baths
- F10383741 MLS
- Malibu Townhouses Bldg.
Crisp and clean! Tastefully renovated 2 bedroom and 2.5 bathroom home! Open living spaces. Recently installed kitchen cabinets, counters and appliances. Updated bathrooms...
- 2 Beds
- 3 Baths
- A11368478 MLS
- Pembroke Park Bldg.
Welcome to one the absolute best opportunities to own a 2/2 with a 1 car port single family home located right on the canal. Maninlands of Tamarac is a 55+ community wit...
- 2 Beds
- 2 Baths
- F10373314 MLS
- Mainlands Of Tamarac Lake Bldg.
Totally upgraded, Ideal Hollywood Hills area. Corner unit with first floor location. Walking distance to shopping, restaurants, banking, medical offices and public transp...
- 2 Beds
- 2 Baths
- F10383027 MLS
- Suburbanite Condo Bldg.
Attention Investors!!! 3-bed, 2-bath condo, located on the 2nd floor, good square footage. Great Investment property, complex will rent with minimal restrictions. The un...
- 3 Beds
- 2 Baths
- A11391854 MLS
- Avalon Bldg.
Hollybrook is an Over 55 Community. This property is eligible under the Freddie Mac First Look Initiative through 06/04/2023. During this time only Owner Occupant buyers ...
- 2 Beds
- 2 Baths
- A11393262 MLS
- Hollybrook Bldg.
Vacant Land Zoned PCC-2 Planned Business Center Permitted uses in the PCC-2 District are the same as those uses permitted in the B-1 Zoning District Land uses first pe...
- A11316879 MLS
- Orange Grove Manors Bldg.
Gorgeous 2 Bedroom2 bathroom Condo located in the gated community of Sun Vista Gardens, this condo HAS IT ALL! Master and secondBedroom have Large Walk in closets. 2 full...
- 2 Beds
- 2 Baths
- RX-10887855 MLS
Come see this charming, unit 2 bedrooms, 2 full bathrooms condo. Title throughout . Huracan Shutters. Located in the highly desirable Sunrise Lakes community Phace II T...
- 2 Beds
- 2 Baths
- A11395353 MLS
- Sunrise Bldg.
None
- 2 Beds
- 2 Baths
- F10342761 MLS
- Garden Lakes Of Inverrary Bldg.
MULTIPLE OFFERS HIGHEST & BEST DUE BY NOON ON 5/1/2023. Very spacious 2BR/2BA unit with a nicely upgraded kitchen with Kitchen Aid appliances, granite counters. Unit has ...
- 2 Beds
- 2 Baths
- A11375563 MLS
- Sunrise Lakes Bldg.
HUD owned property. Case # 095-023115. On-line bids must be submitted on hudhomestore through a registered agent. Property sold AS-IS without guarantee or warranty from s...
- 2 Beds
- 2 Baths
- F10358895 MLS
- Oriole Golf And Tennis Bldg.
Experience the best of condo living in this large 1 bedroom, 1.5 bathroom unit located in Hilcrest East. The galley kitchen offers ample storage and functionality. Step o...
- 1 Beds
- 2 Baths
- F10365982 MLS
- Hillcrest Bldg.
This unit is ready for the new owners to customize to their liking. Enjoy this beautiful, quiet community with a Community Swimming Pool, Tennis Court, and more. The Buil...
- 1 Beds
- 1 Baths
- A11392149 MLS
- Lime Bay Bldg.
Spacious 1 bedroom, 1.5 bath unit with a large enclosed balcony and a view of a pond. Property has been well maintained, needs a little TLC. This is an age 55+ community,...
- 1 Beds
- 2 Baths
- F10384080 MLS
- Holiday Springs Bldg.
Opportunity awaits! Sunrise Lakes is a popular 55+ community offering many activities . It offers a vibrant and active lifestyle for senior residents. A brand new balcony...
- 1 Beds
- 1 Baths
- RX-10895471 MLS
- Sunrise Lakes Phase 4 Bldg.
Well-appointed 1310 ft.² in-line end cap office building for lease located just west of Dixie Highway on the South side of Hollywood Boulevard. The office building was bu...
- F10376143 MLS
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