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What is a Housing Urban Development (HUD) home?

Simply put, HUD stands for the United States Department of Housing and Urban Development. This department is a government agency that works under federal regulations and oversees government foreclosures. HUD homes are acquired by HUD only after a home enters the foreclosure process. + Read More

What is a Short Sale?

A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. + Read More

How do I find the market value for a home?

There are multiple websites that you can visit that will give you an estimate of value for you property. Your best option to get a true value of your home is to contact a real estate agent (which is extremely recommended for first-time foreclosure buyers). The agent can provide professional advice on the value of the property and how much you should offer. Contact us to find a local real estate agent with FindPalmBeachForeclosure.com who can help you purchase a property.

Once I join, how does Florida Realty Advisors help me pursue and buy properties?

Florida Realty Advisors has several tools and resources to keep you abreast of new properties that appear on the market. Once you subscribe you may enter details on what type of property you are looking for. This will enable you to receive daily properties updates that are new to the market, have experienced a price change, or homes that have returned to the market. You are instantly updated with every property that fits your criteria in the South Florida area.

How do I buy property I see posted on FindPalmBeachForeclosures.com?

Simply fill out the appointment form that resides within the search area of the website, or contact us and we will gladly schedule an appointment to view the property at your convenience.

What are foreclosures, and how do I learn more about buying one?

Foreclosure is a legal process that allows a lender/bank to sell or take possession of a property due to non-payment of a loan that is secured by that property. FindPalmBeachForeclosures.com posts properties that have already been foreclosed (Bank Owned) . One of our qualified realtors can answer any question you might have regarding foreclosures or any real estate matter.

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What is an REO?

REO is an acronym for Real Estate Owned and is industry jargon for foreclosure property repossessed by banks or lenders. If a lender or bank is the highest bidder a foreclosure auction — or if no third party bids at the auction — the property reverts back to the lender and becomes an REO. REOs are owned by banks. Lenders go to great lengths to sell REOs. For banks, however, bank-owned homes are a liability.

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