Fort Lauderdale Home Foreclosures
If you are looking for home foreclosures and Short Sales in Fort Lauderdale, you will be surprised to learn the distressed real estate market in Fort Lauderdale is now almost non-existent. As you can see, there are only a handful of properties.
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Home Foreclosures & Short Sales in Fort Lauderdale
|All Listings||Under $100,000||$100,000 - $200,000|
|$200,000 - $300,000||$300,000 - $400,000||$400,000 - $500,000|
|$700,000 - $800,000||$900,000 - $1,000,000||Over $1,000,000|
3 Bed • 4 Bath • 2,541 Sf
307 Ne 23rd Ter, Fort Lauderdale
This Rare Gem In Seven Isles Las Olas Awaits You. 3beds 3.5bath Pool Home Is Surrounded By Other Million Dollar Properties,walking Distance From La...View Listing
4 Bed • 5 Bath • 3,296 Sf
432 Ne 12th Av, Fort Lauderdale
One Of The Best Floor Plans- This Also Has A Den/office/play Room On The First Floor You Enter In Thru French Doors. Huge Master Bedroom With 2 Wal...View Listing
5 Bed • 4 Bath • 3,902 Sf
2600 Ne 12th St, Fort Lauderdale
Amazing Opportunity To Own 5/4 Family Home In Bayview School, Built In 2007 - 5 Minutes Walk To School, Galleria Mall, And The Beach. Great Floor ...View Listing
3 Bed • 2 Bath • 2,312 Sf
2830 Ne 60th St, Fort Lauderdale
Remarks To FollowView Listing
3 Bed • 2 Bath • 1,531 Sf
N/a, Fort Lauderdale
Lowest Price Home Available In Coral Shores. Unique Old Florida Style Pool Home Currently Operating As A Compliant Short Term Vacation Rental. Yar...View Listing
4 Bed • 2 Bath • 1,856 Sf
2406 Flamingo Ln, Fort Lauderdale
This Is A Shortsale. Priced To Sell! Centrally Located 4 Bedroom, 2 Baths Single Family Home With Spacious Driveway And Garage. Property Is Sold As...View Listing
4 Bed • 3 Bath • 3,828 Sf
3900 Sw 56th St, Fort Lauderdale
Prestigious Oakdale- Gorgeous Live Oaks Canopy Top Off This Fabulous Neighborhood! Very Few Properties Become Available In This Area, Make Sure You...View Listing
2 Bed • 2 Bath • 1,210 Sf
907 Sw 17th St, Fort Lauderdale
Mid-century Waterfront Home With No Fixed Bridges In Croissant Park. Approx 44' On A Deep Water Canal Off The South Fork Of The New River. 2 Bedroo...View Listing
5 Bed • 3 Bath • 1,652 Sf
1633 Sw 30th Ave, Fort Lauderdale
Beautiful 5 Bed 2.5 Bath Single Family Home Completely Remodeled In The Heart Of The Desired Chula Vista / Riverland Village Neighborhoods. Br...View Listing
3 Bed • 2 Bath • 2,592 Sf
5211 Ne 17th Ave, Fort Lauderdale
This Charming 2 Story Florida Home In Well Sought Coral Ridge Isles Features A Great Open Floor Plan. 3 Bedroom 2 Bath Home With A Huge Backyard An...View Listing
2 Bed • 1 Bath • 909 Sf
907 Ne 16th Ave, Fort Lauderdale
Calling All Developers To An Amazing Opportunity In Fort Lauderdale! Rarely-available Lot Available In The Exclusive Victoria Park Subdivision. Sma...View Listing
3 Bed • 2 Bath • 1,619 Sf
1656 Poinsettia Dr, Fort Lauderdale
Great Opportunity In Poinesetta Heights. This Home Has 3 Bedrooms 2 Bathrooms And A Pool . Tile Flooring Throughout, Spacious Kitchen With Separate...View Listing
3 Bed • 2 Bath • 2,062 Sf
117 Nw 11th St, Fort Lauderdale
Fee- Simple Attached Twin Home. 3 Bedroom , Unapproved Short Sale, Tenant Occupied. Buyer To Use Sellers Attorney As Closing Agent, T...View Listing
2 Bed • 1 Bath • 1,221 Sf
1812 S Miami Rd, Fort Lauderdale
This Ia Good Opportunity To Purchase Into The Evereglades Land Community Close To 17th St Causeway. This Is An Unapproved Short Sale Subject To Ban...View Listing
3 Bed • 3 Bath • 2,241 Sf
1850 Ne 47th St, Fort Lauderdale
Great Opportunity With This 3 Bedroom 2.5 Bathroom Home With Pool. Hardwood And Tile With A Few Rooms In Need Of New Flooring. Master Bath With Jac...View Listing
3 Bed • 2 Bath • 1,425 Sf
3130 Sw 20th Ct, Fort Lauderdale
Short Sale. Great Opportunity For Investor.View Listing
3 Bed • 2 Bath • 2,308 Sf
999 Nw 20th St, Fort Lauderdale
Well Maintained Large 3/2 Single Family Home W/double Car Garage That Has Been Converted But Can Be Easily Converted Back. This Is A Short Sale Le...View Listing
3 Bed • 2 Bath • 1,277 Sf
1312 Ne 15th Ave, Fort Lauderdale
Beautiful Home In The Poinsettia Community On Over-sized Lot. This Home Features 3 Bedrooms, 2 Bathrooms, Tile Flooring Throughout, Terrazzo Floori...View Listing
Foreclosures in Fort Lauderdale
Foreclosures differ from short sales in that Foreclosed properties or REO (Real Estate Owned) properties have been foreclosed on by the lender(s), the property is vacant and the lender is now responsible for the maintenance and taxes on the real estate property. Negotiating on REO foreclosed properties is typically easier and banks are usually quicker to respond to offers to purchase often within 24-48 hours of receiving the offer.
Fort Lauderdale Short Sale Inventory is drastically shrinking!! There is much talk about Short Sales in the real estate community, many properties are offered for sale thru a short sale and not everyone fully understands what a Short Sale actually is.
Short Sales in Fort Lauderdale
A "Short Sale" is when the owner of a property is no longer in a financial position to continue to make the monthly payments to the lender, negotiates with the lender for approval to sell the property to a new buyer for less than what is owed on the loan. It is often referred to as a pre-foreclosure.
In a normal scenario, the owner would simply put the house or condo on the market for sale, pay off the loan and that would be it. Unfortunately, with the soft real estate market, a stressed economy and the sub-prime mortgage debacle, instead of appreciating, properties have declined in value to the point that they are no longer worth the price originally paid for the property.
Selling a Short Sale Property
If you are a seller considering Selling a property thru a Short Sale, you should first consult an accountant and a real estate attorney to see if this is the best course of action for you and to learn the possible ramifications involved in selling thru a short sale. You will need to contact your lender to see if you will qualify to sell your property thru a short sale. Finally, select a Realtor experienced in marketing and selling short sales.
Plan ahead as most lenders will require the following documents:
- Most Recent (2) years tax returns
- Letter of explanation and the nature of your hardship
- Most recent (2) pay stubs
- Most recent (2) bank statements
- Letter of Authorization (if using a third party to acess information)
- Estimated HUD-1 (Settlement Statement)
- Copy of Listing Agreement
- Copy of Contract and/ or Offers to Purchase
Buying a Short Sale Property
If you are considering Buying a Short Sale property, you should seek legal advice. Select a Realtor and Closing Agent experienced with Short Sales and expect the process to possibly take as much as 4 months or longer and there is no guarantee that your offer will be accepted, even if you offer full listed price. Furthermore, at any time during the process, should the seller file for bankruptcy protection, the short sale may be cancelled immediately.
Although you will execute a sales contract with the seller, it is the lender(s) who make(s) the final decision. There is no guarantee that your offer will be accepted by the lender(s). You will want to have your financing already in place and provide an approval letter with your offer or proof of funds if paying cash.
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IDX information is provided by the Greater Fort Lauderdale REALTORS® exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Greater Fort Lauderdale REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Listing information last updated on March 18th, 2019 at 9:52am EDT.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of Realtors, and is updated as of March 16th, 2019 at 6:09pm EDT (date/time).
All information is deemed reliable but not guaranteed by the MLS and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Coldwell Banker Real Estate shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2019 MLS of MAR.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
Listing information last updated on March 16th, 2019 at 6:09pm EDT.