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
Cozy 1/1 top floor corner unit in gated Ashmont @ Kings Point. Kitchen open to living-dining. Spacious bedroom. Bath accessible from bedroom or living for convenience. En...
- 1 Beds
- 1 Baths
- F10412458 MLS
- Ashmont Condo Kings Point Bldg.
- 33321 Zip Code
Been waiting for the right time, right price, right location and right home before buying? NOW IS THE TIME. THIS IS THE RIGHT PRICE AND RIGHT LOCATION. This tasteful 2BR...
- 2 Beds
- 2 Baths
- A11495821 MLS
- Opal Towers Condominium Bldg.
- 33062 Zip Code
Beautiful home waiting for the perfect owner. Great opportunity to own a very spacious 5 bedroom, 4 bath home in the exquisite well sort of, gated community of Savanna. ...
- 5 Beds
- 4 Baths
- A11494980 MLS
- Sector 2-Parcels 17 18 19 Bldg.
- 33327 Zip Code
Tastefully updated 4 bedroom and 2.5 bath Sunrise home. Beautiful country style eat in kitchen with a gorgeous bay window breakfast nook area. Highly sought after floorpl...
- 4 Beds
- 3 Baths
- A11495166 MLS
- Savannah Plat 1 Bldg.
- 33323 Zip Code
Come to this active adult 55+ luxury resort like condo complex in the heart of Pembroke Pines. Priced to sell for this clean and spacious 2 beds 2 baths Southeast corner ...
- 2 Beds
- 2 Baths
- F10412175 MLS
- Cypress Bldg.
- 33026 Zip Code
ALL AGES! Great Corner Condo 2Bedroom/2Bath. Features Newer Open Kitchen with Wood cabinetry and Granite Counter top. Newer Bathrooms, WASHER/DRYER Inside Unit. Ceramic t...
- 2 Beds
- 2 Baths
- A11494847 MLS
- Manors Of Inverrary I-5 Bldg.
- 33319 Zip Code
THIS IS THE BOATER PERFECT LOCATION THAT YOU ARE LOOKING AT VERY LOW PRICE ..... GREAT AREA WITH NO FIX BRIDGE ..... BOAT 28 FEET MAX ..... VERY SMALL BUILDING .... ENJOY...
- 1 Beds
- 1 Baths
- F10411783 MLS
- Paradise Isle Bldg.
- 33009 Zip Code
renovated with NEW appliances, NEW kitchen, NEW bathrooms, NEW flooring. Roof scheduled for replacement Jan 2024. Painted interior/exterior. *Impact windows* Screened p...
- 3 Beds
- 3 Baths
- F10411727 MLS
- Coral Bay Prcl C 145-2 B Bldg.
- 33063 Zip Code
Beautiful apartment on Hollywood Beach! Recently renovated with a brand new premium appliances, new hurricanes proofs windows. Washer/Dryer in the unit. High speed intern...
- 1 Beds
- 1 Baths
- A11492784 MLS
- Summit Condo Bldg.
- 33019 Zip Code
2Bed/2Bath 8th floor unit in Cypress Bend. Heated swimming pool. Screened patio. Washer/Dryer Hookup. No lease 1st 2 years of ownership. “This property is eligible under ...
- 2 Beds
- 2 Baths
- F10411515 MLS
- Cypress Bend Bldg.
- 33069 Zip Code
Address Search
Nearby Cities
Neighborhoods
Market Reports for Your Neighborhood
Search New Construction Here!
