Florida's inventory of homes in foreclosure lead the nation at 14%. According to TD Bank from 1980-2006 the foreclosure rate was 1%. Approximately 5% of Florida homes were 90 days or more past due at the end of 2010.

Today 1 of 6 homeowners in the U.S. is behind on their mortgage. More than ever, it is important to identify your options. Foreclosure sometimes may be avoided by using short sales.

When it comes to foreclosures there are legal uncertainties and those issues need to be resolved. These uncertainties include your credit and financial future

Although this news is distressing it represents a great BUYING opportunity if you are patient and willing to spend the time going through the process.  Recently most banks are moving at a quicker pace to approve sales.

There are many luxury oceanfront condos, townhomes and exclusive waterfront homes that are in some form of foreclosure affording tremendous BUYING opportunities.

 To learn more about your options or to purchase a short sale or foreclosed property, please contact me directly at tscbroker@yahoo.com or 954 296 7002.

From my web site you may search the MLS for short sale and foreclosure listings.