Foreclosure Condos For Sale in Miami & Fort Lauderdale
What is Foreclosure?
Foreclosure or REO (real estate owned) is a process in which the owner looses
it's owership rights to the property and the lender (bank) becomes absolute owner of the property. It is a
termination of all rights of the homeowner covered by a mortgage. All condos below are owned by the bank.
(find out how foreclosure works)
What is Short Sale?
Short sale is when a lender (bank) is willing to accept a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy.
(find out how short sale process works.)
The data on this web site come in part from a cooperative data
exchange program of the multiple listing service (MLS) in which Sunny Realty Of South Florida participates. The
properties displayed may not be all of the properties in the MLS's database, or all of the properties listed
with Brokers participating in the cooperative data exchange program. Information provided is thought to be
reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No
warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.
The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data
displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination
on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or
financing of housing.
Miami Foreclosure Condos For Sale
News & Blog Posts
Developer Land Interest Points to Strong Condo Development Future for Miami As the signs that the Miami real estate market remains stable many investors and residents are interested in what future Miami condo developments may be in store. While developments may take years to complete, they show promise as growth for the area, something recent investors and current residents are interested in monitoring. Miami land previously [...]
Miami Florida – The Demand For Foreclosures Rising Auction.com, one of the country’s leading real estate auctioneers, closed its initial summer Miami foreclosures series in the southern portion of the state. Approximately 73 percent of the bank owned properties were sold, 269 of the 369 properties listed. While there are multiple sources for available foreclosed properties, Auction.com leads in volume with $157 million [...]
Miami Condo Sales Up 46 Percent Miami real estate as well as sales of existing condos in the Miami metropolitan area rose 46 percent in May, 2011 compared to the same period in 2010, according to data from the Miami Association of Realtors. There were a total of 1,420 condo sales last month, up from 972 in May 2010. Miami single [...]
Miami Foreclosure Stats For 2011 As of June 3rd, 2011, the number of foreclosed condos and homes in South Florida year-to-date is 11,551, down from 30,635 at the same time last year, based on the most recent data available from Broward, Miami-Dade and Palm Beach counties. Please see the graph above which shows foreclosure activity in these three counties. South [...]
Is Residential Real Estate International – The New Global City In today’s Wall Street Journal I read a great article about International buyers all over the world. The Russians are buying luxury properties in London, Miami, New York, Silicon Valley. The Brazilians are buying condos in Miami and Chinese are buying in California. The biggest players in the residential-real-estate scene today often come from halfway [...]
Getting the Best Deals In Miami’s Real Estate Market Because so many Miami homes are now in foreclosure the market is favorable to buyers who have money to invest. Making sure that you actually get to take advantage of the best deals on the market, however, requires some foresight and some serious consideration of the realtors that you work with. There are some differences [...]
Short Sales vs. Foreclosures In Miami & Fort Lauderdale Buying Miami foreclosure home is a far different thing than buying a Miami short sale home Both of them involve properties that are in distress. A foreclosure action is taken by the bank that owns the mortgage on the home when the owner becomes behind in their payments. There is a specific process the bank [...]
Miami’s existing homes and condos sales are up again in February You can read more about it here: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=257042 or down below: Florida home sales and condo sales rose in February according to the latest housing data released by Florida Realtors®. Existing home sales increased 13% last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010, according to [...]
Miami condos are on the move! Several positive articles appeared in Sun Sentinel as well as Miami associations of Realtors: Sales of Miami condominium units jumped 134% in January of 2011 compared to January 2010, according to a report from the Miami Association of Realtors. A total of 1,262 condo unit were sold last month, compared to just 540 in January [...]
Condominium Listings Attract Developers and Individuals Miami Condos have always been popular with those who want to call Florida home. There are also plenty of condominiums, particularly on the ocean in Fort Lauderdale and Miami Beach that are owned by people who call the area their second home. The inventory for properties at luxury developments such as Jade Ocean, located in [...]
3873 N.E. 163rd Street
N Miami Beach, FL 33160
Phone: 1.954.336.1016
Free: 1.877.368.2318
