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Bank and Lender Owned Condos titles were obtained
through the foreclosure process.
Proof of funds or financing are required before you can make an
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Lenders and Banks are selling foreclosure condos townhomes and villas on average of 30 to
50% percent of market value.
The MLS prices listed above reflect the discounts. However, we have negotiated sales
prices lower than the asking price.
Asking Prices versus Selling Prices of Foreclosure Short Sales Bank Owned Condos Villas
Townhomes from the MLS Click
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U.S. foreclosure filings and bank repossessions continue to increase. Deteriorating
property values and higher rates on adjustable mortgages forced more people to give up
their real estate property. "About 53 percent of borrowers with subprime loans, those
with poor or incomplete credit histories, will have negative equity in their real estate
at the end of the year, and the number is expected to rise to 63 percent in 2009",
says analysts at Credit Suisse
"About $3.5 trillion in homeowner equity has been wiped out since the spring of 2006,
when housing prices were at their peak" Efforts by the U.S. Congress to insure as
much as $300 billion in refinanced mortgages and save up to 2 million borrowers from
foreclosure can work only by ``slowing down or reversing home price declines and equity
deterioration.''
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Law on Buyer Representation
Frequently
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Condominiums Phase
One Sold Out- From $209,000 Condominiums from $300s Phase One Sold Out
Condo Flood and Hurricane Insurance News May
26-2006 from Citizens Insurer
Florida Hurricane and Weather
News Web Site
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