Broward County Foreclosure Sales Score Top in Florida

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  • Author Susan Redfield
  • Published June 28, 2011
  • Word count 497

According to a trusted source in the real estate market of Florida, Broward County scored the highest number of foreclosure home sales in 2010. The exact number of sales of Broward foreclosures has been recorded at 18,225. In the year of 2009, 18,133 Broward bank owned properties were sold, which shows the number has increased in 2010 indicating the demand of the foreclosure homes. In fact, 41% of the entire sales of homes in Broward County consisted of the foreclosure properties. The number of foreclosure sales has shown a tremendous rise in the key markets of US State of Florida. Miami-Dade County scored second highest foreclosure sales in 2010 with 16,910 homes being sold in that year.

If you have any plans to buy a home in Florida and you don’t want to spend a huge amount of money, then you can definitely consider buying foreclosure properties in Broward County. The increasing number of bank owned properties gives hope to those buyers who can afford limited budget and acquire living with top class features. If foreclosure homes for sale provide benefit to a section of people, then it also causes distress among another section (the real owners).

If you own a property in Broward County and don’t want the bank to own it and resell it to another party, then you need to maintain certain aspects. If you are struggling to pay off your mortgage, you should not wait and discuss the situation with your lender immediately. If you decide to wait and miss out two or three mortgage payments, then it might become impossible for you to discuss any negotiation with the lender. Nowadays, there are several ways that can help you to ease the burden of mortgage payments. Consult a real estate professional and seek advice on how you can save your property from being foreclosed.

Whether you want to save your existing property or buy a new one, you definitely want to be a part of Broward County. It is the second most populated county in Florida and loaded with numerous features and services to provide benefit to the residents. There are several points of interest such as the International Swimming Hall of Fame, the Museum of Discovery and Science, and several other major attractions to entice the residents and visitors.

The educational prospects of the county are also prolific. Broward County School is the sixth largest school district in the nation. Furthermore, it is also home to top-notch colleges and universities such as Florida International University, Broward College, Florida Atlantic University, University of Phoenix, etc.

Transportation facilities are smooth in Broward County. Here you can access the services of major airlines in famous airports such as Pompano Beach Airpark, North Perry airport, Fort Lauderdale Executive airport and Fort Lauderdale Hollywood International airport. In addition, there are public transportation services such as Amtrak, Tri-rail and Broward County Transit. Considering all these features it can be said that buying bank foreclosures in Broward county is definitely a profitable deal in Florida.

Susan Redfield is the content manager and real estate agent at BankOwnedProperties.org, the best bank foreclosures in Broward county online listings database

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