A Focus On Foreclosed Homes In Florida


June 27, 2017 Facebook Twitter LinkedIn Google+ Online Auction



Reports on discrepancies with foreclosed homes in Florida in terms of the paperwork abound. The most common problem seems to be that the homes are being sold by sellers who do not actually hold the title to the property. Buyers can clear this hurdle with some basic research on the background of the home they are considering. They should pay particular attention on the titles authenticity and whether all taxes have been paid in full.

Problems like these should not turn buyers off from purchasing foreclosed homes in Florida. The city has always ranked high when it comes to polls on the best places to live. Prices of most all things you will need to buy are generally lower and the economy is performing pretty well. Opportunities look good for individuals and families planning to start anew in a different city or state.

How to Secure Your Investment

Buyers of Florida foreclosure can get really nervous about losing their property to technicalities they know little of, such as title disputes or liens and encumbrances. If you have access to a lawyer, then you must have them look at all the documents pertaining to the property. The goal is to make sure that things are in proper order and above board. Even buyers themselves can conduct this research on their own as home titles are public domain and can be studied by anyone who can find their way to the civil registry or the county courthouse.

Another way to protect your money is to have the home looked over by a professional home inspector. These professionals can give you a rundown on the kind of funds you will need to restore the home to a livable state. Because they failed to have an expert look over it first, some buyers find themselves stuck with a home whose repair costs have overtaken its purchase price .

Foreclosed homes in Florida can be a great buy if you can find one that is around 30 percent lower than its real market value. You will still have more than enough to renovate the home to incorporate your personal style. You can also easily focus on building your equity this way and improving your overall wealth.

Wagner Leite has been educating buyers on the finer points of foreclosed homes in Florida for over five years. Contact Wagner Leite through ForeclosureDeals.com if you need help finding information about foreclosed homes in Florida.

TEXAS MAN GETS A 0,000 HOME FOR  DOLLARS  7-19-2011

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A little-known Texas law and a foreclosure could have a man in Flower Mound living on Easy Street.

Flower Mound’s Waterford Drive is lined with well-manicured 0,000 homes. So, when a new neighbor moved in without the usual sale, mortgage-paying homeowners had a few questions.

“What paperwork is it and how is it legally binding if he doesn’t legally own the house?” said Leigh Lowrie, a neighboring resident. “He just squats there.”

Lowrie and her husband said the house down the street was in foreclosure for more than a year and the owner walked away. Then, the mortgage company went out of business.

Apparently, that opened the door for someone to take advantage of the situation. But, Kenneth Robinson said he’s no squatter. He said he moved in on June 17 after months of research about a Texas law called “adverse possession.”

“This is not a normal process, but it is not a process that is not known,” he said. “It’s just not known to everybody.”

He says an online form he printed out and filed at the Denton County courthouse for gave him rights to the house. The paper says the house was abandoned and he’s claiming ownership.

“I added some things here for my own protection,” Robinson said.

The house is virtually empty, with just a few pieces of furniture. There is no running water or electricity.

But, Robinson said just by setting up camp in the living room, Texas law gives him exclusive negotiating rights with the original owner. If the owner wants him out, he would have to pay off his massive mortgage debt and the bank would have to file a complicated lawsuit.

Robinson believes because of the cost, neither is likely. The law says if he stays in the house, after three years he can ask the court for the title.

He told News 8 his goal is to eventually have the title of the home and be named the legal owner of the home.

“Absolutely,” he said. “I want to be owner of record. At this point, because I possess it, I am the owner.”

Robinson posted “no trespassing” signs after neighbors asked police to arrest him for breaking in.

Flower mound officers say they can’t remove him from the property because home ownership is a civil matter, not criminal.

Lowrie and her neighbors continue to look for legal ways to get him out. They are talking to the mortgage company, real estate agents and attorneys. They’re convinced he broke into the house to take possession, but Robinson told News 8 he found a key and he gained access legally.

“If he wants the house, buy the house like everyone else had to,” Lowrie said. “Get the money, buy the house.”

Robinson said he’s not buying anything. As far as he’s concerned, the 0,000 house is already his and he has the paperwork to prove it.
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