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Florida Foreclosure Listings - Going Once, Going Twice, Going Three Times, Gone.
With home rates in Florida plummeting, thanks to the increasing number of Florida foreclosure listings, people wanting to but their first homes and investors alike, see this as a good time to get good deals on properties. Auctions on properties that have been foreclosed by banks are known to provide the buyers with opportunities to buy at well below the market price; this is mainly because lenders are not very keen on hanging on to the foreclosed properties.
Between the 12th and the 17th of August, the auction firm, Hudson & Marshall, are set to auction close to 700 homes that have been foreclosed by banks. Cities where the auctions would be held include Orlando, Fort Myers, Tampa and Jacksonville amongst others.
On the 13th of August Tampa will see around a hundred homes being auctioned. Over two hundred homes will face Auction on the 13th of August in the Fort Lauderdale and Miami areas. Orlando is to witness auctioning of about a hundred homes on the 17th of August. Bidders successful at these auctions will need to put down a deposit for $2500 in either certified funds or cash. With all properties involved the sellers would have taken care of paying the title insurance.
Hudson & Marshall’s, Dave Webb, said that the notion till not so long back involving foreclosed properties was that either the property was distressed or in bad shape, but now that notion has been lifted. Knowledgeable buyers now see homes that are part of Florida foreclosure listings as a chance to buy a home that look just like the ones across the street, only at a fraction of the price, he added.
The properties that are being auctioned are being sold on a ‘as is’ basis. Therefore, the sensible thing for buyers to do would be to inspect the property before any bids are placed. August 9th and 10th have been scheduled to have an open house from 13:00 hrs to 15:00 hrs. Listing agents can also be contacted in order to schedule a time to look at the properties.
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