Category Archives: Florida Foreclosures
Florida Foreclosed Homes – Large Funds Buy FL Foreclosed Properties
The pace of foreclosed homes in Florida, which ranks the third highest behind California and Nevada, continues to add to the already high number of foreclosed homes in the state. While the foreclosure rate for the top two states has slowed, the pace of foreclosed properties in Florida continues to expand. Foreclosure investors will continue [...]
Florida Foreclosure Laws
Florida foreclosure laws make it a judicial state. This means that all foreclosures require filings and appearances in the state’s court system. The Florida foreclosure process begins when the mortgage lender files a document called a Lis Pendens against the borrower and other parties legally required to receive notice. Florida foreclosure laws do not require [...]
Foreclosures in Florida — Foreclosed Homes Buys Attractive to Foreign Investors
Almost since the onset of the housing crisis, the rate of foreclosures in Florida has ranked in the top three states. Similar to other states, the high inventory of foreclosed homes and a weak economy have exerted heavy downward pressure on Florida’s real estate values. According to the Standard & Poor’s/Case-Shiller Home Price Index, homes [...]
Florida Foreclosed Properties Investors – Faulty Paperwork Can Cost You
Florida foreclosed properties investors who are ignorant of the laws pertaining to buying foreclosure properties could receive a $15,000 fine for each violation. In 2007, the state ranked second to Nevada for legal filings related to Florida foreclosed properties– over 279,000 foreclosure filings, on more than 165,200 home owners. During the same year, Florida also [...]