Coconut Grove, Coral Gables, Brickell & Miami Foreclosures
Coconut Grove Short Sales
Condo's & Townhomes - 1 Bedrooms - 2 Bedrooms - 3 Bedrooms
Single Family - 2-5 Bedrooms
Coconut Grove Foreclosure's (REO'S)
Condo's & Townhomes - 1-3 Bedrooms
Single Family - 2-5 Bedrooms
What is a "Short Sale"
A "Short Sale" is basically the selling of a Miami property pre-foreclosure at a price less then what is owed to the bank. The bank normally holding the mortgage will allow the owner to short sale the property if the following factors are present:
1. The owner has incurred some sort of hardship (husband becomes ill) and thus falls behind on the mortgage payments.
2. As a result of the declining Miami housing market, the property is worth less then what is owed to the bank.
3. The owner shows due diligence in trying to sell the home for an extended period of time at or just below what is owed to the bank.
What is an "REO"?
Very simple....an REO is a bank owned property. The bank is now the owner of the property due to the default by the borrower.
Miami HUD Foreclosures
As registered HUD Broker's in Miami, we are able to transact and close all HUD owned foreclosed properties throughout Miami, Coral Gables, Coconut Grove and Brickell as well as the state of Florida. Our expertise in Buyer Representation will guide you through the entire HUD foreclosure process from beginning to end. To view all of HUD'S inventory at this time, please visit the following link: www.hudhomestore.com
Thank You!!
Joe Higgins, ABR/Broker
800-442-8171
Adam Kutner, Broker Associate
305-632-7232
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Looking for forclosure properties in the Coconut Grove, Coral Gables, Brickell or Miami, Fl areas? This page will allow you to search for short sales and bank owned properties. We also have inventory from HUD you can look through if interested!!