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
HUD owned property. Case # 095-015944. On-line bids must be submitted on hudhomestore through a registered agent. Property sold AS-IS without guarantee or warranty from s...
- 2 Beds
- 2 Baths
- F10383324 MLS
- Waterford Point Bldg.
- 33062 Zip Code
Spacious 1 bedroom, 1.5 bath unit with a large enclosed balcony and a view of a pond. Property has been well maintained, needs a little TLC. This is an age 55+ community,...
- 1 Beds
- 2 Baths
- F10384080 MLS
- Holiday Springs Bldg.
- 33063 Zip Code
LARGE LOT, GOOD INVESTMENT PROPERTY, SOLD AS-IS WITH RIGHT TO INSPECT, EXCELLENCE INVESTEMENT, POTENTIAL TO RENT IT THROE AIRNB, VERY CLOSE TO THE HARD ROCK CASINO, THE ...
- 2 Beds
- 1 Baths
- A11398816 MLS
- Carver Ranches Rev Plat Bldg.
- 33023 Zip Code
A rare opportunity to live in Malibu Townhouses that is nestle in an amazing Plantation area. A large two bedroom, two & a half bathroom townhouse with an attached carpor...
- 2 Beds
- 3 Baths
- F10383741 MLS
- Malibu Townhouses Bldg.
- 33324 Zip Code
This unit is ready for the new owners to customize to their liking. Enjoy this beautiful, quiet community with a Community Swimming Pool, Tennis Court, and more. The Buil...
- 1 Beds
- 1 Baths
- A11392149 MLS
- Lime Bay Bldg.
- 33321 Zip Code
This 3 bedroom with 2 full bathroom home is immaculate and fully renovated. Enjoy the open floor plan with high ceilings and large windows throughout. The beautiful kitch...
- 3 Beds
- 2 Baths
- A11397681 MLS
- Westview Sec One Part Two Bldg.
- 33024 Zip Code
REO/Foreclosure/Bank Owned. Incredible opportunity to purchase a luxury property over 6,000 sqft on nearly a half acre lot. Huge pool and yard. The property is renovation...
- 5 Beds
- 4 Baths
- A11397786 MLS
- Maplewood Bldg.
- 33071 Zip Code
Great investment opportunity. Lot is zoned for multi-unit residential housing. 3 story apartment building permitted as this lot has apartment buildings on either side, ...
- F10383041 MLS
- Everglade Land Sales Bldg.
- 33316 Zip Code
Totally upgraded, Ideal Hollywood Hills area. Corner unit with first floor location. Walking distance to shopping, restaurants, banking, medical offices and public transp...
- 2 Beds
- 2 Baths
- F10383027 MLS
- Suburbanite Condo Bldg.
- 33021 Zip Code
Come see this charming, unit 2 bedrooms, 2 full bathrooms condo. Title throughout . Huracan Shutters. Located in the highly desirable Sunrise Lakes community Phace II T...
- 2 Beds
- 2 Baths
- A11395353 MLS
- Sunrise Bldg.
- 33322 Zip Code
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