Now Is The Time To Auction A Foreclosure In South Florida
It’s a great day for foreclosures and real estate buys!
Foreclosure auctions have increased 57 percent in Broward County. Existing foreclosures are being able to move through the court system without the hassle of lengthy time.. According to RealtyTrac Inc, 1,165 Broward County homes were scheduled for auction in November are up by 57 percent. The South Florida areas, including Palm Beach, Miami- Dade and Broward counties have the second highest foreclosure rate in regards to metro areas. The banks take advantage on these auctions due to the premium values on properties. Properties like foreclosures that are available for sale as well as banks being ready and willing to sell has led to the record foreclosure auction increase. Banks will have a better chance this day selling the homes third party at these auctions for a higher price. Beginning of 2014, we should see increased foreclosures and an overall housing recovery.