Foreclosures are what buyers are looking for in this real estate market. With the boom from several years ago and now the bust today, foreclosures are prevalent in the marketplace. Many economists are expecting that 60% of all sales by 2010 will be in some type of foreclosure. The Destin foreclosure market is very hot right now. Many foreclosures are selling within 24 hours of hitting the market. When foreclosures are selling at 40% of what they were in 2005, this is bound to happen. You need a website that you can constantly track foreclosures and see up to date inventory. This foreclosure page is built to give you updated foreclosure information 24 hours a day, 7 days a week.
Destin, Miramar Beach, Sandestin, 30A Foreclosure Information and Listings
Strictly interested in Destin, Florida foreclosures? This website also provides foreclosure information on the surrounding areas. At any time you can search Miramar Beach home or condo foreclosures. Interested in amazing Sandestin Resort real estate? Please check out the Sandestin foreclosures while you are here. You can also view all foreclosure along Scenic Highway 30A. This website has simplified the search process for you. Search foreclosures by areas- Destin, Miramar Beach, Sandestin, and 30A. You can also search all foreclosures by price. This foreclosure search is constantly evolving as I am always trying to meet the needs of my visitors. If you have any suggestions please feel free to let me know. I can always do a customized foreclosure search for you and email it directly.
What is a foreclosure? A foreclosure is a bank owned property. The title is already deeded to the bank and all negotiations are done directly through them. The foreclosure process can be simple if you know how to do it. Most foreclosures can be closed as easily as a regular real estate transaction. Most banks respond to an offer within 48 hours and can close in 30-45 days. All liens will be cleared up prior to closing. We have excellent title companies here in Destin that will help verify that all liens are taken care of and that the buyer is receiving clear title.
What is a short sale? A short sale is done on properties that are in pre-foreclosure status. The seller can not afford to make payments and is usually at least 2 months behind on payments. If the seller owes more on the property than it is worth they can work out a short sale with the bank. In this case the seller still has title to the property, but the bank has the decision making power. Many times the bank will agree to sell property at fair market value for a loss on the current mortgage. The short sale process saves the banks time and money by not having to actually foreclose on the property. Short Sales can be a very effective way to buy homes, but it is a much more complicated process. Many offers can take 3-6 months to close because the banks are so backed up with short sales across the country. Once the bank owns the foreclosure it is much easier for them to make the decision to sell.
If you have any questions about foreclosures or short sales please feel free to let me know. If not, feel free to look through the foreclosures and short sales in the Destin area below.
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