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

7250 NW 1st St Unit 106, Margate — Oriole Gardens 3 $44,000

Convenient 2/2 first floor unit in Oriole Gardens Three. Foyer entry. Kitchen pass thru to living/ dining. Split floor plan. Spacious master. Private entry to guest bed s...

2 Beds
2 Baths
F10217505 MLS
Oriole Gardens 3 Bldg.
33063 Zip Code

5406 NW 49th Ter, Tamarac — Mainlands Of Tamarac Lake $152,000

This is a 55+ community. This is a reverse mortgage property and governed by HUD guidelines for offers, list price reductions and repairs. Property is sold in as is con...

2 Beds
2 Baths
F10217834 MLS
Mainlands Of Tamarac Lake Bldg.
33319 Zip Code

4139 Oxbow Dr, Coconut Creek — Banyan Trails 154-3 B $310,000

Desirable Community of Banyan Trails in Coconut Creek! Spacious 3 bed, 2 bath home with a 2-cg on a corner lot. Property needs drywall repairs and kitchen cabinets but th...

3 Beds
2 Baths
F10217838 MLS
Banyan Trails 154-3 B Bldg.
33073 Zip Code

690 Bluebird Ln, Plantation — Jacaranda Area 10 89-46 B $450,000

SINGLE FAMILY DETACHED HOME * OVER SIZED WATER FRONT LOT * CENTRALLY LOCATED IN THE HEART OF JACARANDA * STACKED BEDROOM PLAN *VAULTED CEILINGS * FAMILY ROOM * EAT IN KIT...

4 Beds
3 Baths
F10217707 MLS
Jacaranda Area 10 89-46 B Bldg.
33324 Zip Code

10775 NW 29th Mnr Unit 8, Sunrise — Country Squires Townhomes $142,000

This is a reverse mortage property and governed by HUD guidelines for offers, list price reductions and repairs. Property is sold in as is condition and no repairs and c...

3 Beds
2 Baths
F10217786 MLS
Country Squires Townhomes Bldg.
33322 Zip Code

301 Racquet Club Rd Unit #311, Weston image

301 Racquet Club Rd Unit #311, Weston — Racquet Club $165,000

Spacious 2 bedroom condo offers a large living area, good size kitchen and rooms, washer and dryer hookups inside the unit, and a large screened in balcony overlooking th...

2 Beds
2 Baths
A10820187 MLS
Racquet Club Bldg.
33326 Zip Code

11701 Nw 29th St, Sunrise — Sunrise Golf Village Sec $264,000

Spacious home offers an open and bright floor plan, good size rooms, separate family , living and dining room, 1 car garage, and a good size kitchen. Home offers a good s...

3 Beds
2 Baths
A10820124 MLS
Sunrise Golf Village Sec Bldg.
33323 Zip Code

3899 NW 94th Ave Unit 3899, Sunrise image

3899 NW 94th Ave Unit 3899, Sunrise — Welleby $220,000

This is a reverse mortgage property and governed by HUD Guidelines for offers, list price reductions and repairs. Property is sold in as-is condition and no repairs or co...

3 Beds
2 Baths
F10217649 MLS
Welleby Bldg.
33351 Zip Code

2709 Nassau Bnd Unit f2, Coconut Creek image

2709 Nassau Bnd Unit f2, Coconut Creek — Nassau Village $75,000

Condo property in 55+ community, has many amenities included. This is a reverse mortagage property and governed by HUD guideliones for offers, list price reductions and ...

2 Beds
2 Baths
F10217642 MLS
Nassau Village Bldg.
33066 Zip Code

8557 NW 1st St, Coral Springs — Shadow Wood 80-38 B $385,000

RANCH STYLE HOME WITH 2 CAR GARAGE, POOL AND A CANAL IN THE BACK. THIS IS A REVERSE MORTGAGE PROPERTY AND GOVERNED BY HUD GUIDELINES FOR OFFERS, LIST PRICE REDUCTIONS AN...

4 Beds
2 Baths
F10217638 MLS
Shadow Wood 80-38 B Bldg.
33071 Zip Code

Address Search

Recent Blog Posts

New FHA Condo Rules

Search Options

Looking for your dream home? Click on the cities below for the latest listings in each city. Want to fine tune your search or prefer mapping out your area? Use the Advanced Search! My searches are easy and fast, with listings updated straight from the MLS every 5 minutes!

Foreclosure Property Search

Foreclosures in Broward County

Recent Broward Foreclosures

Address Search

Recent Blog Posts

Search Options

Nearby Cities

Neighborhoods

Market Reports for Your Neighborhood