South Florida Foreclosure Articles In The News

According to Default Research, Florida’s leader in Foreclosure research and statistics, reported that foreclosures in South Florida were up 66% in 2007.  In the last 12 months, 1.8% of households in Broward County and 1.5% households in Miami-Dade County experienced either foreclosure or the start of the foreclosure process due to sub-prime mortgages and rising property listings.

Many homeowners cannot afford to pay their monthly housing bills and expenses due to their rising mortgage rates, property taxes, homeowner’s dues, homeowner’s insurance, and cost of living.  Struggling owners are faced with foreclosure and the numbers are projected to continue in 2008.

Fortunately, there is a significant demand for rental properties as many Floridians are electing to rent instead of purchasing due to the decrease in home values.  Savvy investors are able to take advantage of the real estate market by purchasing foreclosures, especially Real Estate Owned (REO) Bank Foreclosures.

With home prices continuing to decrease in value, it is time for real estate investors and homebuyers to purchase properties at significantly discounted prices.  Bankers Foreclosures.com is REO certified and exclusively represents many lenders such as Chase, Wells Fargo, Countrywide, and many more.  All of the Bankers Foreclosures.com listings are certified and come with a certificate of title issued to the bank.  These South Florida bank foreclosures are vacant and ready to be purchased right now!  Please visit www.BankersForeclosures.com to learn more about the South Florida Foreclosure market and to search currently available Bank Owned real estate.