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Buy Florida Foreclosure Listings

Thousands of homes are now in the Florida foreclosure listings. Fact is the state of Florida has one of the highest bank foreclosure listings in the country. This number is increasing daily. The city of Jacksonville currently has over 68,000 on bank foreclosure listings, 94,000 homes in pre-foreclosure and 38,000 being auctioned from bankruptcies. To some this is a dismal portrait; that is unless you are looking to buy here. In any given month there are over 1,000 auctions scheduled. The Duval County Courthouse posts these listings in its lobby. Homes on zip areas such as 32256 and 32254 and 32219 are selling at 51% below market value. Clearly, if you were in the market for a relocation Jacksonville has prime real estate going very cheap. Jacksonville is a beautiful city and is the home of the Jacksonville Jaguars.

Florida is second only to Nevada in foreclosed homes. Recent census statistics show that in South Florida homeowners are spending at least one half of their pay on the mortgage. Miami, one of South Florida's biggest cities, is reeling from the crunch as well. Two of the counties, Miami-Dade and Broward (which is also Fort Lauderdale) had bank foreclosure listings ranking in the triple digit percentile. Miami-Dade was at 111% and Broward a whopping 114%. That means 1 in every 86 homes in the county is in foreclosure. Pompano and Cape Coral are also suffering from foreclosures. The unemployment and lack of tourism in the gulf area has had a sobering effect on the economy.

If you were of a mind to look for something in the vicinity of the home of the world's most famous mouse, you are in luck. Orlando is a foreclosure hunters' market. Three, four, and five bedroom homes that are easily worth $250,000+ are going for less than half that. It is safe to say that this rise in foreclosure listings in Florida will only get higher.

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