Broward Foreclosures

Foreclosures in Broward County

Foreclosures have hit a 13 year low, dropping to pre-2006 levels. Though it's enticing to get the bargain of a lifetime, buying a foreclosure is not for the faint of heart! Cash investors are in abundance and are buying up these properties sight unseen. If you're the typical buyer who wants to view the house before making an offer, you'll often find there are multiple cash offers that have been submitted the day they come on the market! It's like a feeding frenzy. I believe this is due to more people wanting to invest in Real Estate, yet there are fewer foreclosures on the market. According to MLS records, 261 foreclosures sold in Broward County in the first quarter of 2019. This may sound like a lot, but compare that to the 2,617 foreclosures that sold in the first quarter of 2010.

Of course the attraction to buying a foreclosure is the price! In recent years, banks are listing homes at current market value, with only a small discount due to their condition. Many of these homes have leaking roofs and mold, since the banks often don't pay to keep the electricity on. With South Florida heat & humidity... No A/C = a haven for mold! I once opened the door to show a townhouse and the walls from floor to ceiling were dark green and lined with mold. It was much worse than this picture, so I chose not to step inside that property!

It's important to consider how much money you're willing to sink into a home that has suffered from deferred maintenance for years, before you jump into buying a foreclosure. Also consider that most banks prefer cash buyers. Looking at the 261 foreclosures that sold in the first quarter of 2019, 177 of these sold to cash buyers and 59 sold through conventional financing. Only a small number sold through FHA, VA or Homepath Financing.

I believe for the typical home buyer, it's best to buy a home that's in good condition and has been well maintained over the years. But I have sold many foreclosures, know the process and can guide you through to a successful closing. So if you still think buying a foreclosure property in Broward County is right for you, I can help! My foreclosure search above contains all the bank owned properties currently on the market in Broward County. The properties below are the newest foreclosures to have hit the market.

Recent Broward Foreclosures

7290 NW 8th St, Margate — Paradise Gardens Sec 4 76 $201,000

Ranch style home in Paradise Gardens - Margate. Home is being sold as is with no repairs or concessions. Sale subject to HUD guidelines for reverse mortgages - Buyer si...

2 Beds
2 Baths
F10185805 MLS
Paradise Gardens Sec 4 76 Bldg.
33063 Zip Code

3100 W Rolling Hills Cir Unit #308, Davie image

3100 W Rolling Hills Cir Unit #308, Davie — Rolling Hills Golf & Tenn $179,000

Tenant occupied until 8/31/19, Current monthly rent is $1,320, Copy of lease in effect will be provided to buyer. All showings thru listing office, 24 hour notice require...

1 Beds
2 Baths
A10709004 MLS
Rolling Hills Golf & Tenn Bldg.
33328 Zip Code

6261 Wiley St, Hollywood — Beverly Park $248,000

Investment Property. Tenant Occupied, Current Monthly Rent is $1,442., Lease expires 2/29/2020. Copy of Lease in effect will be provided to Buyer. All showings thru list...

3 Beds
1 Baths
A10709264 MLS
Beverly Park Bldg.
33023 Zip Code

2475 Nw 98th Ln, Sunrise — Park Terraces North $295,000

Investment property. Tenant occupied, Current monthly rent is $1,800, lease expires 2/28/2020. Copy of lease in effect will be provided to buyer. All showings thru listin...

3 Beds
3 Baths
A10709111 MLS
Park Terraces North Bldg.
33322 Zip Code

439 N Laurel Dr Unit #1606, Margate image

439 N Laurel Dr Unit #1606, Margate — Laurels At Margate Condo $84,800

Great opportunity with this Condo at Laurel at Margate. this unit has 2 bedrooms and 2 bathrooms. Other features include a dining room area, balcony, laundry area, walk-i...

2 Beds
2 Baths
A10709114 MLS
Laurels At Margate Condo Bldg.
33063 Zip Code

385 Sw 32nd Ave, Deerfield Beach — West Deerfield Beach $186,850

Great opportunity for a first-time home buyer or inventors to fix and convert this property in your best dream home. YOU WILL ENJOY LIVING THERE or YOU CAN HAVE IT AS A R...

3 Beds
2 Baths
A10708828 MLS
West Deerfield Beach Bldg.
33442 Zip Code

8713 Sw 5th St Unit #103, Pembroke Pines image

8713 Sw 5th St Unit #103, Pembroke Pines — Indmill Lakes Condominium $109,900

Excellent opportunity to purchase an apartment at Windmill Lakes Condominium. Spacious 1 BE/1BTH, nice lake view; Washer and dryer inside the unit, one parking space assi...

1 Beds
1 Baths
A10708696 MLS
Indmill Lakes Condominium Bldg.
33025 Zip Code

1620 S Ocean Blvd Unit 12-J, Pompano Beach image

1620 S Ocean Blvd Unit 12-J, Pompano Beach — Ocean Colony $349,000

Bright and Spacious Two Bedroom Unit at the Elegant Ocean Colony in Fabulous Lauderdale by the Sea. Located directly on the Beach. West-Facing unit offering Expansive Cit...

2 Beds
2 Baths
F10185578 MLS
Ocean Colony Bldg.
33062 Zip Code

1213 NW 11th Ct, Fort Lauderdale — Lauderdale Manors Add 30- $135,000

Single Family Ranch Style Home in Lauderdale Manors. 3 Bedrooms and 1 Bathroom. Lush Fenced Lot. Driveway. Split Floor Plan. Kitchen with Snack Bar and access to the back...

3 Beds
1 Baths
F10185554 MLS
Lauderdale Manors Add 30- Bldg.
33311 Zip Code

2999 Nw 48th Ave Unit #342, Lauderdale Lakes image

2999 Nw 48th Ave Unit #342, Lauderdale Lakes — Cypress Chase 2 Condo $53,000

Nice condo at Cypress Chase. This unit has two bedrooms and two bathrooms. Other features include an enclosed balcony, tile, and carpet throughout. Could use some updatin...

2 Beds
2 Baths
A10708301 MLS
Cypress Chase 2 Condo Bldg.
33313 Zip Code

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