If you considering a short sale or foreclosure, It is wise to Ask a Florida Lawyer who focuses on Real Estate before buying a foreclosure or short sale in the state of Florida. More on real estate and Florida Lawyers… Florida real estate and houses took a big hit in property value. Some counties are reporting a property value decrease average of 30%. Brevard County took an exceptional hit from the housing crisis. A new ocean fron home in the city of Indilantic took $1,500,000 to build (including land), and it sold last month for $1,050,000, a $450,000 - a decrease of $450,000 or 30%.
If you do find a short sale that you believe it a steal, be sure to get a Florida Lawyer and a real estate agent so they can work together in finding everything known about the respective property including what is called the BPO (Broker’s Option Price), which is what the lender will accept for the forclosing property.
There are some excellent Florida Lawyers, so be sure to visit sites like www.Lawyers.com
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