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Question about Florida foreclosures?
We are interested in a home in Florida that has been foreclosed on and is now bank owned. It was listed before as in foreclosure then was taken off the market for a while, but is now back on the market as being owned by the bank. Considering that the market has not been doing well in Florida and no one has purchased the house so far (it’s a fixer upper with five acres close to a bay and maybe 45 minutes from the beach), is there a chance the house may still be there in August when we will start putting in bids on houses?
The first two sentences are redundant.. Sorry!
Posted by MovingJacksonville.com
2 Responses to Question about Florida foreclosures?
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That’s hard to say. Some foreclosures sit for months and others end up in bidding wars. I just wrote a contract this morning for a home on 2 acres that didn’t sell last fall. It was taken of the market for 6 months and just re-listed this weekend and already there are several offers. Is there any reason why you can submit an offer now? Depending on the area of Florida, there are still many, many foreclosures coming down the pike.
realtor.sailor
Maybe. Maybe not. If it is a fixer they likely waiting for a cash offer.