Foreclosures

Found 2 blog entries about Foreclosures.

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National Foreclosure Statistics Summary

Inventory is down 35% from June 2013. That is 32 consecutive months with year over year decline in foreclosure inventory. Florida is still ranked as #2 State with the Most Foreclosures.

Northeast Florida Distressed Property Summary

There are currently 681 distressed properties on the market in Northeast Florida. The average list price is $152,424. Banks are looking to move these properties fast. So we have seen a good number of these properties with a price reduction in the last 30 days. The average price reduction was 5.41% which is pretty hefty.

Luxury Distressed Property in Northeast Florida

Distressed properties do not mean non-luxury properties. The highest prices distressed home is on the

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buying_a_foreclosure_home_in_ponte_vedra_beach_florida_883Many home buyers in the market are specifically interested in purchasing one of the foreclosure homes for sale in Ponte Vedra Beach, Florida. Buying a foreclosure home has its own set of rules and circumstances which are important to know before putting a bid in. When a home is in foreclosure and a buyer wants to pursue the property, it is a much different process than buying any other Ponte Vedra Beach real estate.

The Basics

A foreclosure home is a home that is owned by the bank. The positive aspect is that a foreclosure home is typically sold below its market value and can therefore be a good investment. It is important to pay a good price for the home while also minimizing any risk to yourself and your financial situation. It is a good idea to

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