Should You Buy Florida Real Estate In 2012? Well lets talk turkey about Florida Real Estate market and economy. Florida, as you may already know was one of the states hit hardest by the burstinghousing bubble. 2012 looks to be promising year. With US. Troops home and consumer spending up. We can all hope for better day in the sunshine state. However there was a report that
Florida is getting hit the hardest by the first round of store closures announced by Sears Holdings(SHLD) .
Here’s what you need to know when buying Florida Real Estate:
How To Find The Best Realtor /AgentThere are so many factors when purchasing Florida Real Estate. However with that said and out the way. The good part about buying Florida Real Estate is the saving. You can buy a home that once sold for $500,000 and buy that same house for $250,000. This may be a distress sale, REO, Foreclosure home.
Whats a Distress Sale?Distressed Sale - Definition of Distressed Sale on Investopedia – When property, stocks or other assets are sold in an urgent manner, often at a loss
What Is REO Homes?
REO is an acronym for real estate owned and is used in the context of foreclosed properties owned by the lender or bank.What Is Foreclosure?
Foreclosure is to shut out, to bar, to extinguish a mortgagor’s right of redeeming a mortgaged estate. It is a termination of all rights of the homeowner covered by a mortgage. Foreclosure is a process in which the estate becomes the absolute property of the lending institution.Find Florida Foreclosure Homes Here