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||$600,000 - $700,000|
|$700,000 - $800,000||$900,000 - $1,000,000||Over $1,000,000|
5 Bed • 4 Bath • 3,902 Sf
2600 Ne 12th St, Fort Lauderdale
Approved Short Sale 5/4 Home In Bayview School, Built In 2007 - 5 Minutes Walk To School, Galleria Mall, And The Beach. Great Floor Plan, Aluminum...View Listing
2 Bed • 3 Bath • 1,381 Sf
609 Poinciana Drive, Fort Lauderdale
You May Never See Another Waterfront Home In Idlewyld Priced Like This Again. Build New Or Enjoy This Mid-century Modern Masterpiece As It Is. Plan...View Listing
4 Bed • 2 Bath • 1,836 Sf
2830 Ne 60th St, Fort Lauderdale
Seller Lives Overseas Unapproved Short Sale. Roof Leaks And There Are Severe Foundation Problems. Pool Enclosure And Deck Are In Poor Condition. Ki...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
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
3 Bed • 2 Bath • 1,245 Sf
2145 Ne 62nd St, Fort Lauderdale
Great Opportunity - Short Sale! Make A Reasonable Offer Today! Large Corner Lot With 3 Bed, 2 Bath Home Located In The Desirable Imperial Point. So...View Listing
3 Bed • 2 Bath • 1,060 Sf
1448 Sw 10th St, Fort Lauderdale
Charming Ranch Home In The Delightful Riverside Park Neighborhood Of Fort Lauderdale. 3 Bedrooms, 2 Bathrooms. 1-car Garage. Brand New Roof!! Garde...View Listing
3 Bed • 2 Bath • 1,623 Sf
1720 Nw 28th Ave, Fort Lauderdale
Nice Property Ready For A New Buyer. Property Is A Short Sale. Purchase Price And Real Estate Commission Are Subject To Lender's Approval. Send You...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
4 Bed • 3 Bath • 2,092 Sf
3306 Sw 15th Ct, Fort Lauderdale
2 Story 4/3 Home With Pool. Bank Owned Property Being Sold As-is. Cash Only.View Listing
5 Bed • 4 Bath • 1,942 Sf
1500 Nw 6th Ave, Fort Lauderdale
This Property Is A Great Investment Opportunity, With A 3 Bedroom 2 Bath Property In The Front Unit And A 2 Bedroom 2 Bath In The Additional Unit I...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 • 1,577 Sf
1709 Nw 7th Ave, Fort Lauderdale
Great Location - Perfect For Investor Or Owner Occupant To Make This Their Own. Single Family Home Located Near Downtown Ft. Lauderdale, Public Tr...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
3 Bed • 2 Bath • 1,237 Sf
N/a, Fort Lauderdale
Property Is A Short Sale. We Are Looking For Cash Offer Only. The Property Needs A Lot Of Work.View Listing
3 Bed • 2 Bath • 1,807 Sf
2840 Sw 3rd St, Fort Lauderdale
Bright & Spacious Single Family Home With A 2-car Carport In The Midland Area Of Fort Lauderdale. Super Central Location. Close To Schools, Shoppin...View Listing
3 Bed • 1 Bath • 888 Sf
2213 Sw 5th Pl, Fort Lauderdale
This 3 Bedroom Single Family In The Great Family Community Of Riverland/brendale Heights Awaits Its New Family!!! Features Beautiful,large Ceramic...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
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 November 15th, 2019 at 8:52am EST.