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
Who wouldn't enjoy waking up each morning to spectacular sunrises over the Atlantic Ocean on Fort Lauderdale Beach! Each room of this rarely available, high floor two bed...
- 2 Beds
- 2 Baths
- F10248675 MLS
- Vantage View Bldg.
- 33308 Zip Code
BREATHTAKING OCEAN VIEWS. From living room oversize bedroom/This huge one bedroom has 1.5 baths and has enough space for a den or office. Resort style living amenities i...
- 1 Beds
- 2 Baths
- F10254645 MLS
- Plaza South Bldg.
- 33308 Zip Code
Spacious corner unit, 2 bedroom 2 bath with den, Located in Sunrise Lakes Phase 2! Beautiful in open balcony . Lots of natural light, eat in kitchen,.Amenities include ...
- 2 Beds
- 2 Baths
- A10946148 MLS
- Sunrise Lakes Phase 2 Bldg.
- 33322 Zip Code
Spacious and serene! Welcome to this immaculate 3 bedroom, 2 bathroom home located in the desirable golf community of the Woodlands! This lovely home will impress you wit...
- 3 Beds
- 2 Baths
- A10945675 MLS
- Woodlands Sec Eight Bldg.
- 33319 Zip Code
Very spacious and bright corner unit on 1st floor with 2 bedrooms, a dining area and 2 full baths. Great split floor plan with 2 master bedrooms that have individual bath...
- 2 Beds
- 2 Baths
- A10945789 MLS
- Desoto Park South Condo Bldg.
- 33009 Zip Code
Spacious floorplan for this unit that was converted into a 1/2 and it can be easily converted back to a 2/2. White shakers kitchen cabinets, granite countertops, and stai...
- 2 Beds
- 2 Baths
- A10944485 MLS
- Lago West Condo Bldg.
- 33325 Zip Code
Luxurious water front home with Pool and jacuzzi on an over-sized lot * Country Club amenities * Private secure gated community * Vaulted ceilings and open floor plan * G...
- 5 Beds
- 4 Baths
- F10253765 MLS
- Kapok Grove Estates Bldg.
- 33330 Zip Code
OCEANFRONT CORNER UNIT CONDO*BREATHTAKING OCEAN VIEWS, INTERCOASTAL VIEWS & CITY SKYLINE*3 BEDROOM LAYOUT, 2.5 BATHS, UPDATED KITCHEN*SPACIOUS BALCONY*BEAUTIFUL BEACHFRON...
- 3 Beds
- 3 Baths
- A10943665 MLS
- The Hemispheres Bldg.
- 33009 Zip Code
This Price gives you a great opportunity to own this 2BR/2BA condo in impeccably maintained Wynmoor in Coconut Creek. Close to all of the conveniences one expects in So...
- 2 Beds
- 2 Baths
- A10943035 MLS
- Wynmoor Bldg.
- 33066 Zip Code
Incredible Price gives you a great opportunity to own this beautiful 2BR/2BA condo with renovated kitchen and bathrooms and gorgeous water view. Located in impeccably mai...
- 2 Beds
- 2 Baths
- A10942931 MLS
- Coral Gate Bldg.
- 33063 Zip Code
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