Browse Flordia Keys Foreclosures, Florida Keys foreclosure homes and condos, reo, florida keys bargain real estate, deals and real estate information on the florida keys foreclosure market. Find Florida Keys bank owned foreclosed homes, search the Florida Keys mls and Florida Keys real estate.
You're in the right place; my website features a real time link, taking information from our mls system that is current. Banks are using local real estate specialists to represent their REO properties.
What is an REO?
REO stands for Real Estate Owned. These are the foreclosed properties in a mortgage company’s portfolio. Lenders are not in the real estate business and want to move these properties as soon as possible with the help of an agent.
Are Foreclosures the Best Deals?
Our declining prices are being driven by bank foreclosures and short sale, but any seller who is serious to sell in today's market has to bring their prices down to a competitive level. If you are looking for a Florida Keys Home, shop by price not only by Foreclosures. There are great buys out there with all types of sellers.
Will I get a better deal if I pay cash?
Not true-Banks are looking at the net an offer will bring; cash does not seem to be an advantage in my recent experience.
Can I offer anything on a Foreclosure?
Banks are looking to get as high a return on the property as possible. The sale price set by the bank is based on recent comparable sales and an appraiser. The prices they set are already aggressive and there may not be much flexibility.
Homes listed as short sales are pre-foreclosure and are also presenting some nice buying opportunities, check my Short Sale page for more info.
Foreclosures in the Florida Keys are the main force driving our prices down. We anticipate that once these foreclosures are sold, our prices will start to go back up. It is the time to take advantage of the opportunities available right now. If you are interested in learning more about buying a foreclosure, please call me 305.923.9161, I work with several banks to sell Bank Owned Homes.
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