Florida home foreclosures are available at bargain prices, and our Florida foreclosure listings are updated on a daily basis. However, recent housing trends have brought down prices on available properties, giving prospective buyers ample opportunity to invest in one of our many Florida foreclosures for sale.
Search through the best listings of foreclosures in Florida. We provide foreclosed homes and auctions in the major Florida cities. Choose a city and fing an excellent deal for you!
Foreclosure Numbers Lowest Since Last Four Years - Apr 30, 2012
Infographic: What Obama's HARP Program Means for Florida - Apr 19, 2012
Interview: Ms. Bent-Twyford - Apr 18, 2012
The Foreclosure Settlement is Just the Beginning to Opening Doors - Mar 13, 2012
Bill that Will Hasten Foreclosure Process in Florida is in the Eye of a Storm - Feb 28, 2012
» See all recent news
Hollywood is the twelfth largest city of Florida. The city was founded in 1925 but saw a rapid growth in ...
Jacksonville, located in Florida, is the largest city in the state, and is informally known as the River City due ...
If you want a diverse, international culture experience, visit Miami, Florida. Native Americans once inhabited this area until the ...
Located on the west coast of the United States, Tampa is a beautiful city thriving with opportunity and has been ...
Located in the southeastern region of North America, Florida sits on the border of the Gulf of Mexico and the North Atlantic Ocean. The state's economic stability relies heavily on the agricultural industry, which focuses mainly on products such as greenhouse plants, oranges, cattle and tomatoes. Besides these main areas of production, poultry, eggs and several other crops also contribute strongly to the revenues Florida receives from its agricultural sector. The mining industry garners its profits largely from oil, limestone, petroleum (among other clays) and perhaps most importantly, phosphate rock, which is the state's biggest contributor towards growing profits and the overall economy. Other sectors include the fishing industry, local businesses such as real estate, various law firms and service centers, along with a strong focus on wholesale trading as well.
The largest city in Florida is Jacksonville, with a population of over 800,000; this is then followed by Miami (just under 400,000), Tampa (over 335,000), St. Petersburg (just under 250,000) and Hialeah (over 220,000). Jacksonville's vibrant atmosphere encapsulates the whole city and has many attractions, including the Jacksonville Jazz Festival, Fourth of July celebrations taking place at Downtown Riverfront, Backwater Fishing, the Veterans Memorial Arena and the Players Golf Championship held at the TPC Sawgrass. Besides its wide array of regular events, Jacksonville is great for families looking for a suitable place to live. With its wide range of public schools, colleges, universities and private schools to choose from, the education options for new families looking to purchase Florida home foreclosures are well catered for.
Jacksonville's current demographic statistics show a rate of over half of the population with households having married couples, along with a median age of over 30. The city's housing market displays a decrease in home values over the past few years, currently sitting at $97,600, a percentile decrease of nearly 20 percent in contrast to the previous year. On the contrary, median sales prices have also slipped, currently sitting at $116,800, a decrease of 11.1 percent during the first quarter of last year. Similar trends can be compared to Miami, where median sales prices have slipped 8.4 percent, making an average price of approximately $194,300, with home values decreasing at 5.4 percent over the past year.
In the state of Florida, where mortgages are primarily used for the sale of real estate property, foreclosures are carried out through court proceedings. If a lender finds that a homeowner is in default on their mortgage payment and the two parties are unable to resolve the issue of outstanding debt, the lender has the right to file a lawsuit (known in this case as a Lis Pendens) against the homeowner.
A Lis Pendens is usually used to provide evidence to the court and general public that the homeowner in question previously defaulted on their mortgage payments. Once the homeowner is notified of the Lis Pendens, they are given a specific amount of time in which to respond to the lawsuit. If the homeowner does not respond within the allotted amount of time, the county clerk can place the homeowner in a state of default and rule against them. This final ruling against the homeowner (which marks the beginning of the process of foreclosure) will include what the court has found to be the total amount owed to the lender, as well as the date of the foreclosure sale of the property in question.
Under state law, the lender is not required to notify the homeowner before initiating the process of foreclosure, except in the case of individual mortgages or deeds of trust that might include clauses calling for notification. The homeowner has the power, as per the court ruling, to stop the foreclosure at any point up until the sale date by paying the outstanding amount owed to the lender.
The sale date is typically scheduled between 20-35 days after the court ruling. However, this time frame varies depending on the characteristics of the individual court. In order to inform the general public, the county clerk issues a notice of sale; this notice contains the date, time and location of the foreclosure auction. This notice is ordinarily published in a public forum once a week, the last notice appearing at least five days before the auction takes place.
On the day of the foreclosure sale, the property is auctioned off to the highest bidder. The winning bidder must then provide a five-percent deposit and pay the remaining balance by the end of the day. Once this occurs, the clerk presents the winning bidder with a certificate of sale. If for some reason this does not occur, the auction is declared null and void; a new sale can be scheduled a minimum of twenty days later.
Unless the sale is disputed, the clerk transfers ownership of the property to the winning bidder within a period of ten days. Under Florida foreclosure law, the original homeowner has no right to redemption once the certificate of sale has been issued.
To add this chart to your web page just copy the HTML and put it in your web page:
