Harryberryrealty.com
  • Selling
  • Buying
  • Renting
  • Foreclosures
  • Featured Properties
  • North Carolina
  • Blog
  • About Us
  • Mortgage Calculator
Login
(954) 816-6521

Sign in to your account

Need to reset your phone number?

Don't have an account with us?

Click here to sign up.

Search Foreclosure Properties

TO
Advanced Search

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown, foreclosure listings also settled, and fewer homes were on the market with a placard reading "Bank Foreclosure" in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down, and it makes it difficult for home owners who would like to move to get the right price for their home. If a similar home down the same street is sold for substantially less and the appraiser uses the foreclosure as a comparable sale, this will negatively impact the appraised value of your home.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone's living room harping about the price of homes based on the number of foreclosures along with an abundance of negative information which makes most people sit on the sidelines waiting for the market to implode completely or to correct itself. Meanwhile, others are buying up the foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The market goes lower with each foreclosure listing, and this is a lesson that the banks realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions. Take advantage of the foreclosure market and search for your new home with our easy to use foreclosure search, or sign up for automatic notification emails. We will be happy to notify you when new foreclosure listings become available.

HUD Foreclosures

HUD foreclosures and VA foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal, it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

Since VA and HUD are both government-owned and operated, they have less time to wait to make money back on the sale of the home. FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent only a fraction of HUD, but they are still a significant number of homes and both should be considered. 

VA and HUD have different and unique opportunities for the buyer. Both are often forgiven local taxes normally associated with the purchase of a home (this is on a county-by-count basis). Be sure to ask your title or escrow company to look into it for you before closing as this is often missed.

New Foreclosure Listings

1735 Pompano Drive, Poinciana image
1735 Pompano Drive, Poinciana $219,900

Under Construction. **COURT APPOINTED RECEIVER SALE** Brand new home in the final stages of construction, modern design being offered with lots of upgrades. Ceiling fans,...

  • 4 Beds
  • 2 Baths
  • O5916630 MLS
304 Kingfish Circle, Poinciana image
304 Kingfish Circle, Poinciana $219,900

Under Construction. **COURT APPOINTED RECEIVER SALE** Brand new home in the final stages of construction, modern design being offered with lots of upgrades. Ceiling fans,...

  • 4 Beds
  • 2 Baths
  • O5916624 MLS
14939 Sw 53rd Ln, Miami image
14939 Sw 53rd Ln, Miami — Lakes Of The Meadow Sec 1 $450,000

Beautiful Cream Puff in Lakes of The Meadow! This property Features 3 Bedrooms 3 Baths, totally updated with Granite Kitchen and SS Appliances, all 3 Bathrooms are Update...

  • 3 Beds
  • 3 Baths
  • A10985122 MLS
  • Lakes Of The Meadow Sec 1 Bldg.
309 Edgewood Court, Poinciana image
309 Edgewood Court, Poinciana $209,900

Under Construction. **COURT APPOINTED RECEIVER SALE** Brand new home in final stages of construction, modern design being offered with lots of upgrades. Ceiling fans, eng...

  • 3 Beds
  • 2 Baths
  • O5916455 MLS
302 Kingfish Circle, Poinciana image
302 Kingfish Circle, Poinciana $209,900

Under Construction. **COURT APPOINTED RECEIVER SALE** Brand new home in the final stages of construction, modern design being offered with lots of upgrades. Ceiling fans,...

  • 3 Beds
  • 2 Baths
  • O5916603 MLS
Miami image
Miami — Summertree Vilg Calif Cl $190,000

Property is on Electronic Supra. Please see ShowingTime Assistance to request your appointment. Guard at the gate.Beautiful 2beds/2 baths condo in Ives Dairy RD. Very qui...

  • 2 Beds
  • 2 Baths
  • A10984849 MLS
  • Summertree Vilg Calif Cl Bldg.
825 Chevy Chase Street, Port Charlotte image
825 Chevy Chase Street, Port Charlotte $234,900

Beautiful home located on .41-acre oversized corner lot. Make your grand entrance through the double doors to find a well taken care of and loved home. This home offers a...

  • 3 Beds
  • 2 Baths
  • C7437586 MLS
1725 Nw 63rd St, Miami image
1725 Nw 63rd St, Miami — Liberty City $260,000

3 bed 1 bath home in the heart of Miami! The property has New flooring , new kitchen , new bathrooms , New Central ac system . Great home with plenty of potential and ...

  • 3 Beds
  • 1 Baths
  • A10984796 MLS
  • Liberty City Bldg.
7817 Tern Drive, Orlando image
7817 Tern Drive, Orlando $254,900

6 BEDROOM, 4.5 BATH HOUSE WITH NO HOA IN QUAIL TRAIL ESTATES. THIS HOME HAS A NEW ROOF AND 2 HVAC SYSTEMS. PRICED & PRIMED FOR RENOVATION. 3 MASTER BEDROOMS UPSTAIRS A...

  • 6 Beds
  • 4 Baths
  • O5917441 MLS
8801 Wiles Rd Unit #308, Coral Springs image
8801 Wiles Rd Unit #308, Coral Springs — Edgewater Condo $171,600

Investment opportunity. Third floor, corner unit 3 bedroom/2 bath condo located in an all age, card gated community, that allows rentals after purchase. Unit has split be...

  • 3 Beds
  • 2 Baths
  • A10984695 MLS
  • Edgewater Condo Bldg.
Like or Share
Loading likes...

Cities To Consider

Hollywood     Cooper City

Dania     Davie

Miramar     Pembroke Pines

Weston

Featured Communities

Embassy Lakes     Walnut Creek

Featured Neighborhoods

Hollywood Hills

Featured Condos

The Wave (Hollywood Beach)

School Finder

Broward County     Dade County

Palm Beach County

Outside Resources

Fannie Mae     Freddie Mac

HUD Homes     MyFlorida.com

FHA Loan Limits (FL)     FHA Loan Limits (NC)

  • Home
  • Selling
  • Buying
  • Renting
  • Foreclosures
  • Featured Properties
  • North Carolina
  • Blog
  • About Us
  • Mortgage Calculator

Harry Berry Realty, Inc.
10011 Pines Boulevard, Suite #103
Pembroke Pines, FL 33024
(954) 623-7307

© All Rights Reserved

         

IDX Real Estate Websites by
• Accessibility