Foreclosure Property Search
Foreclosures in Broward County
Foreclosures have hit a 14 year low, dropping to pre-2006 levels. Many people are expecting a flood of foreclosures in the future, part of the COVID-19 fallout. That may happen, but at this time, foreclosures are at an all time low. As of June 20, 2020, there are only 40 single family foreclosures currently on the market. You can bet there are more than 40 investors out there ready to scoop up these "deals", so this creates major bidding wars on these properties.
As a Realtor since 1998, I clearly remember the great recession that began in 2006. Looking back through MLS records, foreclosures began to peak in 2009. So it's important to keep in mind that it takes the banks years in many instances, to foreclose on a property and get it ready to put back on the market. So we're likely looking at 2022 or later, before we see many foreclosure properties coming on the market.
It's certainly enticing to get the bargain of a lifetime, but buying a foreclosure is not for the faint of heart! Cash investors are in abundance and buy 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, 204 foreclosures sold in Broward County in the first quarter of 2020. 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 204 foreclosures that sold in the first quarter of 2019, 132 of these sold to cash buyers and 54 sold through conventional financing. Only a small number sold through FHA and none sold through VA financing, as the VA is very particular about property condition.
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
The world is your oyster! Own this 3 bedroom, 2 bathroom home in Cooper City. Property offers a great canvas for you to update to your liking. The property offers great o...
- 3 Beds
- 2 Baths
- A11337391 MLS
- Cooper Colony Estates Sec Bldg.
- 33328 Zip Code
Ideal Location in Hollywood Hills area, Spacious Corner unit with first floor location. Walking distance to shopping, restaurant and public transport. Wood and tile floor...
- 2 Beds
- 2 Baths
- F10366134 MLS
- Suburbanite Bldg.
- 33021 Zip Code
Excellent property, at a good price, excellent location.
- 2 Beds
- 3 Baths
- A11336115 MLS
- Georgetown Bldg.
- 33311 Zip Code
Large Home in the Collier City neighborhood of Pompano Beach. Over 1,700 sq-ft. Central location just north of Atlantic Blvd. between I-95 and the Turnpike. Walking dist...
- 4 Beds
- 2 Baths
- F10366232 MLS
- Collier City Bldg.
- 33069 Zip Code
None
- 1 Beds
- 1 Baths
- F10366174 MLS
- El-Ad Villaggio Bldg.
- 33027 Zip Code
LARGE 1 BEDROOM 1.5 BATHROOM WITH OPEN FLOOR PLAN * GALLEY KITCHEN * OPEN PORCH * CLOSE TO EVERYTHING : BEACH / HARD ROCK CASINO & HOTEL / FT LAUDERDALE INT'L AIRPORT / A...
- 1 Beds
- 2 Baths
- F10365982 MLS
- Hillcrest Bldg.
- 33021 Zip Code
Spacious dwelling, 3 bedrooms, 2.5 bath 2 story SFH with a family room, 2-cg and screen patio, situated on a large lot. The exterior is in average condition, the interior...
- 3 Beds
- 3 Baths
- F10365871 MLS
- Holiday Spgs East 133-49 Bldg.
- 33063 Zip Code
Remodeled 4/2/2cg at Boulevard Woods in west Lauderhill. Updated kitchen off den. Shaker cabinets, granite counters, stainless steel appliances. Separate living. Custom w...
- 4 Beds
- 2 Baths
- F10365519 MLS
- Boulevard Woods West Sec Bldg.
- 33351 Zip Code
Located at E Commercial Blvd, from 1250 SQFT-11,000 SQFT. Newly renovated shell space, prime Retail- professional office plaza. Excellent location with abundant parking &...
- A11333039 MLS
- Coral Ridge Commercial Bl Bldg.
- 33308 Zip Code
BEAUTIFUL TOWNHOME PRICED FOR A QUICK SALE! Pre-foreclosure. This spacious townhome faces N, located on a quite street in Fort Lauderdale / Wilton Manors area. This home ...
- 3 Beds
- 3 Baths
- F10364819 MLS
- Spanish Springs Townhomes Bldg.
- 33305 Zip Code
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