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Foreclosure in Delray Beach : Real Estate Advice

  • All704
  • Local Info57
  • Home Buying223
  • Home Selling15
  • Market Conditions37

Activity 20
Fri Jul 7, 2017
Jennifer Susanne Sommers answered:
Glad to see you are interested in a property! However, nothing came please share and I'm happy to provide you what else is involved with the price.

When you are a cash buyer here in Palm Beach County, there are very little closing fees as the Seller pays the title insurance unless stated in the MLS.

Jen Sommers
... more
0 votes 2 answers Share Flag
Thu Feb 6, 2014
Jeffrey Ferretti asked:
Wed Dec 4, 2013
Salome Edgeworth answered:
So happy to help out - i just need the property address! Give me a call and I can look it up for you.
0 votes 6 answers Share Flag
Wed Nov 13, 2013
Joan Lorberbaum Moore answered:
That boat has sailed. And, I hope it never comes back to port as we're now looking at a more stable market with reasonable year over year price increases.

Broker Associate, GRI
Lang Realty
9858 Clint Moore Road
Boca Raton, FL 33496
... more
0 votes 2 answers Share Flag
Fri Aug 23, 2013
Leslie Hamilton answered:
Hi Lowell,

There are many choices when it comes to accommodation for snowbirds from condominium communities to single family homes-gated or not. Most of the communities have owners that return north for the summer. If you are looking for something you can rent out when you are not there many of the communities low that although some have restrictions. Your realtor should be able to find that information out for you when you before you look at a place.

As for management it depends on what you are looking for. If you simply want someone to check on your place while you are away. There are many options from large companies to small mom and pop operations that can provide the service. If you are looking for someone to find tenants for you, your realtor is your best choice.
I would like to be that realtor. Call me.

Leslie Hamilton
Keller Williams Realty
... more
0 votes 5 answers Share Flag
Wed Aug 14, 2013
Scott Wheeler answered:
As of today in MLS, there are 2 Southridge 2BR homes available as short sales for $128k and $157k. The other non-short sale homes in that neighborhood have 3 or more bedrooms and listed for sale between $200k - $300k.

Scott Wheeler, Realtor
Corcoran Group
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0 votes 1 answer Share Flag
Sat Mar 23, 2013
Russ Greenberg answered:
Hi Rose,
I can assist you, The condo you saw at Glen Eagles has Country Club memberships from $10K to 35K. if that is what you want with golf and tennis it will suit you fine. A similar property to this would be about the same range with the added memberships. There are some age 55+ units for sale in the 39K range you might like as well. Feel free to contact me to discuss your needs.

Best Regards,
Russ Greenberg, RELO "Experience Counts"

Florida's Real Estate Leader since 1926, 30 offices serving South FL
Keyes Real Estate, Mortgage, Title, & Insurance
Boca Blue Lake Office
1200 Yamato Rd Suite B-1
Boca Raton, FL 33431
... more
0 votes 1 answer Share Flag
Sat Mar 9, 2013
David Sicherman answered:
These are the ONLY two accurate sites that allow you to browse all the upcoming COUNTY foreclosure auction data.

They are $24 per month, other services cost $150 a month and are less accurate! ... more
0 votes 12 answers Share Flag
Sun Jan 27, 2013
Michelle Sadownick answered:
Due to the shortsales in the community, the values have been brought down. The mortgage companies over lended to people that were not qualified to buy in that price range and people preferred to walk from the properties as oppose to taking responsibility of taking pride in ownership. As a Realtor and President of the Association, the prices are on the rise as the Banks begin to foreclose on the properties and drive the prices up!

Michelle Sadownick, Posh Properties
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0 votes 4 answers Share Flag
Fri May 11, 2012
Judy Craig answered:
Most likely it is in the forclosure process. Feel free to contact me, I will need the address to see if I can determine which bank is involved & if there are other leans filed or any other information that might be useful in finding out if & when it might be available to purchase. Judy Craig, Lang Realty - Delray Beach Fl 561-542-5777 cell. ... more
0 votes 5 answers Share Flag
Wed May 9, 2012
Marsha Umansky answered:
I love Rainberry Bay! But everything depends on your budget. Please e-mail me for additional information and advice:, or call 954-673-1624.
0 votes 3 answers Share Flag
Wed May 9, 2012
Steve Vennemann answered:
Wait till a sign comes up or find a realtor to do your searches for you.
0 votes 7 answers Share Flag
Wed May 9, 2012
Marsha Umansky answered:
Izzie, if you mean, you want to find a great deal on a Delray condo, give me a call: 954-673-1624, or just email your requirements:
Best of luck!
0 votes 3 answers Share Flag
Wed Mar 7, 2012
marc jablon, new harbor realty answered:
When you see homes in Delray Beach with transfer values of $1,000, you are possibly seeing the amount of money the bank paid in order to repossess that Delray Beach home.

The amount you will have to pay to purchase the house in Delray will be much, much more, because not only will you have to pay the overdue taxes and HOA fees, you will also have to pay off all or part of the remaining mortgage note.

In today's market, expect to pay above the asking price for your Delray Beach foreclosure, and expect to have to make repairs. Not every REO is a bargain. You may want to consider purchasing a home that is still controlled by the owner because it may turn out to be a far better value.

The quickest way to obtain a list of foreclosures in the area is to ask your Delray Beach realtor.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
... more
0 votes 2 answers Share Flag
Mon Feb 13, 2012
Nadine Mauro answered:
Hi Izzie,

If you contact me directly I will be happy to email the information you are looking for. You can review the properties and let me know which ones you'd like to see.

Nadine Mauro
Highlight Realty
... more
0 votes 5 answers Share Flag
Sun Apr 25, 2010
Treu Group answered:
We hear this story all of the time. Our team has helped 98% of our clients with the sale thru short sale. We haven gotten a yes when others have heard no. If you can not afford the condo in Florida, the way to minimize damage is to do a short sale. The short sale is like a ding in your car if you get in a parking lot versus a foreclosure being more like being in a crash on an interstate. Go to our websiite for more information at or call us. A few minutes on the phone and we'll see if we can help you. The best news is it doesn't cost you anything. ... more
0 votes 8 answers Share Flag
Sat Dec 5, 2009
Teddy Jagessar answered:
On Bank owned properties there are no waiting time . Again Florida and PA are two different markets
0 votes 18 answers Share Flag
Thu Mar 6, 2008
Marilyn Farber Jacobs answered:
I would either mail or preferably phone the bank and ask for who handles foreclosures, and then ask THAT person if they could send you a list. You can explain that you are a potential buyer. If they won't, ask them if they could refer you to an agent and tell them your price range. Will that work? I don't know, but give it a try. Also, if they say no, ask them how you can find out and be very pleasant throughout the conversation. Let me add some observations here. There are so many good buys on the market right now that are NOT foreclosures that you might want to look at all properties in your price range with your criteria that are listed on the MLS and an agent can give you a list. I can if you wish ( Sometimes properties that have been vacant a while, such as foreclosures, have problems such as mold, broken pipes, etc. You may be better off finding a good buy that is sitting on the market right now. ... more
1 vote 1 answer Share Flag
Fri Jan 18, 2008
Rick Dean answered:
Most people prefer a mortgage because of the tax benefits and the return on investment (ROI) of real estate over the long term. However, depending on your financial and tax situation, I would highly recommend speaking with an accountant or a financial planner about what's best for each individual situation. I'm a Sr Loan Officer with CHASE and would be happy to speak with you. Visit my website,, for my contact information and I'd be happy to refer you to a great accountant and/or financial planner. ... more
0 votes 11 answers Share Flag
Thu Jun 14, 2007
Herman Chang answered:
One drawback of foreclosures is that you will not be able to finance it. The county will require full payment by 5pm. You should look at pre-foreclosures. In this situation you're able to finance the purchase. Working with FSBOs will require a lot more work on the buyers side. ... more
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