Should You Buy Florida Real Estate In 2012?

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 bursting housing 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 Avoiding Chines Drywall
  • Should You Buy Distressed Properties
  • Best Area For Buying a Florida Home
  • Should You Sell Your Florida Home
  • 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

 

Port Charlotte Bank Owned Foreclosed Homes

 

Port Charlotte Bank Owned Foreclosed Homes – 2177 Como St

 
Property address
2177 Como St
Port Charlotte
FL 33948
Listing Detail
Asking Price$34,900.00
Listing Type REO / Bank Owned
Property Type Single Family Home
 
44.7% Savings
  Call For More Information (941) 249-2366
  See More Photos Here ====>>> CLICK HERE
Property Features
Bed Rooms3
Bath Rooms2
Squre Feet988
Year Built1981
Last Transaction
Sale Amount$41,000
Sale Date12/01/1982
Tax Information
Taxable Value$74,528
Additional Notes
 this 3 bedroom 2 bathroom port charlotte home is in a great neighborhood! built in 1981, this property has 988 square feet of living area. this is a homepath renovation financing property and requires no appraisal and no mi mortgage insurance! more information has been left at the home for your benefit and see attached in mls. purchase this property for as little as 3 percent down! close by june 30, 2011 and request up to 3.5% of the final sales price for closing cost assistance! ask about additional details. eligibility restrictions apply.