Foreclosure in 33178>Question Details

Joao, Home Buyer in Miami, FL

I want buy a foreclousure house,how i can do that?

Asked by Joao, Miami, FL Tue Feb 12, 2008

Help the community by answering this question:


First of all, be careful. And know your information--research research research. If the property has actually already been foreclosed on and sold on the courthouse steps, it probably will be listed by a local realtor for close to its market value. If the sale has not occured yet, you can get a list of sales from your local courthouse or court records, many of which are online. If you bid on the sale at the courthouse, be prepared to meet the bank rep who will be prepared to bid the price up on the house to within about 20,000 of what the bank needs to satisfy the debt Have your finances in order before you go--payment will have to be made to the court by the end of the working day the day of the sale. Banks generally do not approve a loan on an unknown property ahead of time.

If you are talking about pre-foreclosure (short sale), generally these are handled by a realtor. Be prepared to wait while the bank considers offers and decides what it wants to do.

Generally, all of these sales are "as is" which means that the usual protections afforded a buyer do not exist--such as a home inspection which we recommend on all purchases, with the attendant repairs prio to purchase to protect the buyer.

Good luck, and happy househunting!!
Web Reference:
1 vote Thank Flag Link Tue Feb 12, 2008
I use to use Foreclosures daily they are located at
0 votes Thank Flag Link Sat Feb 16, 2008
There are several websites that claim to guide buyers through the foreclosure process. You can try visiting Miami-Dade County website and start your search there.
Web Reference:
0 votes Thank Flag Link Tue Feb 12, 2008
Hi Joao,

My best suggestion to you is use a Realtor who is experienced in REOs, and can walk you through the process. Look at the area you want to buy in and see which brokerage companies are selling there.

Remember, you may be working with a Reator for quite a while, so make sure the person is looking after your best interests and the two of you are compatible.
Web Reference:
0 votes Thank Flag Link Tue Feb 12, 2008
Very easy..two simple steps.
1) Go to
2) Call me for a consultation and we'll discuss finding you a great deal.
0 votes Thank Flag Link Tue Feb 12, 2008
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