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
"Investor Special"!!! Cash buyers only due the property condition. SEE INSTRUCTIONS FOR SUBMITTING OFFERS IN BROKER REMARKS!!! Spacious 4 bedrooms, 2 bathrooms SFH with a...
- 4 Beds
- 2 Baths
- F10266646 MLS
- Oriole Estates Sec 8 65-9 Bldg.
- 33309 Zip Code
None
- 1 Beds
- 2 Baths
- F10266542 MLS
- Century Village East Bldg.
- 33442 Zip Code
WELCOME HOME! THIS CORNER LOT SINGLE FAMILY HOME IN HOLLYWOOD WILL NOT LAST! THIS 3 BEDROOM, 2 BATH HOME HAS A LARGE KITCHEN WITH GRANITE, AN ISLAND, WINE COOLER & MUCH M...
- 3 Beds
- 2 Baths
- F10266448 MLS
- Driftwood Plaza 49-26 B Bldg.
- 33024 Zip Code
MUST SEE beautiful 3/2 single family home located in the City of North Lauderdale, close to Walmart, Publix and shopping areas. Owners are motivated to sell. Home is we...
- 3 Beds
- 2 Baths
- F10266112 MLS
- North Lauderdale Village Bldg.
- 33068 Zip Code
EXTRA LARGE VACANT LAND FLOOR PLANS AVAILABLE DESIGN BY AN ARCHITECT TO BUILD A WHAT CAN BE A "GROUP HOME" ( DAY CARE FOR OLDER HOME, WOMEN PROTECTION PROGRAM,REHAB...),...
- A10983681 MLS
- Sintugture Bldg.
- 33311 Zip Code
Lovely 1 bed 1 bath on the 10th floor with beautiful ocean views from the balcony. The condo has central air, kitchen, open living/dining room direct beach access. Ocean ...
- 1 Beds
- 2 Baths
- F10266228 MLS
- Ocean Place Bldg.
- 33062 Zip Code
Beautiful condo 1 bedroom, 1 bathroom, turn key everything include in the sale. Totally remodel,New furnitures, impact windows, tiles through out. Peaceful view to water ...
- 1 Beds
- 1 Baths
- F10266101 MLS
- Hawaiian Gardens Bldg.
- 33319 Zip Code
Large 2/2 Villa with nice lake view located in the Township Community with lots of amenities. In close proximity to shopping schools and the Florida Turnpike. This is a D...
- 2 Beds
- 2 Baths
- F10265556 MLS
- Karanda Iv Bldg.
- 33066 Zip Code
*** ATTENTION REALTORS PLEASE READ THE BROKER AND OFFICE REMARKS SECTIONS FOR INFO ON SHOWINGS AND ON HOW TO SUBMIT AN OFFER *** 2/2 CONDO UNIT CENTRALLY LOCATED WITHIN ...
- 2 Beds
- 2 Baths
- A10980826 MLS
- Beverly Hills Condo 11 Bldg.
- 33021 Zip Code
This is a great investment opportunity! Very nice two bedroom/two bath home located in a great rental area for seniors or small families. Nice size lot. Beautifully man...
- 2 Beds
- 2 Baths
- F10265694 MLS
- Melrose Park Sec 6 Green Bldg.
- 33312 Zip Code
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