Amp22 said:
Actually, auctions are quite common these days. We've had them here for years. Now if you see a list of foreclosures in the area - let us know ( absolutely:roll: ).
From:
RealtyTrac Inc
"Despite a 29 percent decrease in new foreclosures from the first
quarter to the fourth quarter, Florida documented the nation's highest
foreclosure rate and accounted for more than 14 percent of the nation's
new foreclosures in 2005. The state reported 121,843 properties
entering some stage of foreclosure -- 1.67 percent of the state's
households."
I think we're going to start seeing foreclosures increase in the state, especially in the condo area, as we go into the year and as pre-construction sale condos come on line. Upscale areas will not see many foreclosures unless their owners are too deep into real estate investing. Even then, there are vulture capitalists waiting in the wings to "relieve" these folks of their burden so they won't have to suffer the indignities of going into foreclosure--provided the vulture covets their property and the price is low enough to make it worthwhile.