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||$500,000 - $600,000|
|$600,000 - $700,000||$700,000 - $800,000||$900,000 - $1,000,000|
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 • 2,160 Sf
1225 Bayview Dr, Fort Lauderdale
Ranch Style 3 Bed / 2 Bath Home With A Pool. 2 Car Garage With Circular Drive On A Large Corner Lot. Great Location 3 Miles From Ft Lauderdale Beac...View Listing
3 Bed • 3 Bath
232 Lombardy, Lauderdale By The Sea
Great Location In Lauderdale-by-the-sea Near Shopping And Restaurants. Walking Distance To The Beach.View Listing
4 Bed • 2 Bath • 1,508 Sf
2400 Ne 27th Ave, Fort Lauderdale
Coral Ridge! One Story Charming Home On A Corner Lot, 2 Car Attached Garage And Tons Of Potential! Located In A Most Desirable Old Coral Ridge! Wel...View Listing
3 Bed • 2 Bath • 2,443 Sf
2507 Sugarloaf Ln, Fort Lauderdale
Short Sale Unapproved Agents Read The Broker Remarks Wonderful Lauderdale Isles - Home Is Ready For Your Personal Touches. Walk In To High Rustic C...View Listing
2 Bed • 2 Bath • 1,550 Sf
2511 Bimini Ln, Fort Lauderdale
Investor Deal! 65k Under Appraised Value. Beat The Banks Must Contract By June 20th. Florida Charm Located On Ocean Access Canal - No Fixed Bridg...View Listing
4 Bed • 3 Bath • 1,652 Sf
1633 Sw 30th Ave, Fort Lauderdale
Beautiful, Completely Renovated 4 Bed 2.5 Bath Pool Home With An Additional Room Which Can Be Used For An Office, Den, Or 5th Bedroom. This Extra R...View Listing
2 Bed • 2 Bath • 1,766 Sf
1424 Ne 56th St, Fort Lauderdale
Hud Owned Property. Case #095-197731. On-line Bids Must Be Submitted On The Hudhomestore Website By A Registered Agent/broker. Property Sold As-is ...View Listing
3 Bed • 3 Bath • 2,435 Sf
1101 Nw 14th Ct, Fort Lauderdale
Spacious Lauderdale Villas Pool Home! Great Central Location. Split Floor & Open Plan. Brand New Roof. Brand New Fence. Brand New Central A/c. Quar...View Listing
3 Bed • 2 Bath • 1,423 Sf
4681 Sw 26th Ter, Fort Lauderdale
Short Sale - 3/2 Single Family Home Sitting On A Nice Large Lot, Great Investment, This Is A Cash Only Deal!!!View Listing
3 Bed • 2 Bath • 1,330 Sf
2401 Sw 45th Ave, Fort Lauderdale
House Needs Some Work And Roof Repairs. Priced To Sell. Property Is A 3 Bedroom 2 Bath, Garage Has Been Converted To A 4th Bedroom. Located In A C...View Listing
3 Bed • 2 Bath • 1,862 Sf
860 W Dayton Cir, Fort Lauderdale
Hud Owned Property. Case #092-767123. On-line Bids Must Be Submitted On Hudhomestore Website Through A Registered Agent. Property Sold As-is Withou...View Listing
2 Bed • 2 Bath • 1,182 Sf
917 Middle St, Fort Lauderdale
Charming 2 Story Wood Frame House In Historic Sailboat Bend. Short Walk To Riverwalk, Broward Center Of Performing Arts, Himmarshee District, Las O...View Listing
4 Bed • 2 Bath • 1,953 Sf
421 Pennsylvania Ave, Fort Lauderdale
Super Spacious Single Family Pool Home In Melrose Park. This Mid-century House Features 4 Bedrooms And 2 Bathrooms. Large Poolside Kitchen And An E...View Listing
3 Bed • 1 Bath • 925 Sf
1783 Lauderdale Manor Dr, Fort Lauderdale
Granite Kitchen Counters,wood Cabinets,tile Floors Throughout Except For Bedrooms,newer Water Heater And Ac,stamped Pavers Driveway With Covered Pa...View Listing
3 Bed • 2 Bath • 1,320 Sf
2791 Sw 2nd Ct, Fort Lauderdale
Open Showing Wednesday 5/29/19 At Property From 4-6 Pm. Highest And Best Will Be Due Friday 5/31 By End Of Business. Corner Lot New Roof And New Fe...View Listing
2 Bed • 1 Bath • 863 Sf
1413 Nw 7th Ave, Fort Lauderdale
Nice Home In Fort Lauderdale, Close To Downtown.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 September 19th, 2019 at 3:07am EDT.