MIAMI FORECLOSURE
Your #1 Resource for Miami Foreclosure Properties
Quickly find foreclosures, bank-owned properties and REO in Miami & Miami-beach Areas.
MiamiForeclosure411 offers a one-stop shop for homes buyers, investors and real estate professionals. You will get access to a wide selection of foreclosures, auctions, short sales and REO (Real Estate Owned) properties. Our data will also include Miami & Miami Beach bank owned homes. You can also search for home and condos values, prices of recently sold homes and keep track of market values in your community.
All our foreclosure listings are pre-screened for accuracy by our team of professionals on a daily basis.
We keep you up-to-date on real estate market trends so you can determine the best time to buy or sell. Don't miss your next investment opportunity. Our Database is updated every 30 Minutes. Be the first to know the latest foreclosures updates.
Foreclosure By County/City
Foreclosures
- Occurs when borrower default on payments
- Sale begins with a minimum bid that must include all costs associated with the process
- Loan balance, accrued interest, attorney fees
- Investor must have a cashier's check for the amount of the bid
Short Sales
- Shorts Sales occurs when borrower is unable to make mortgage payment.
Owes more than home's current worth and the lender agrees to conduct a short sale - An alternative to bankruptcy or foreclosure for homeowners
- Property sold by homeowner
- Homeowner has control over the property
- Process typically takes longer before offer is accepted
REOs - Real Estate Owned
- Occurs as a result of an unsuccessful foreclosure. The property has been foreclosed on and taken back by the mortgage lender
- Property sold at REO auction or directly from Bank
- Process typically takes a shorter period of time
- Bank is unlikely to take much below list price
New Sales & Rentals Units
Prices & Pictures Updates