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Foreclosure Auction
Click here to view PAST PURCHASESClick here to visit FORECLOSURE PROCESS
Click here to visit BEST CLOSED DEALS ON THE MONTH
Click here to visit BEST UPCOMING DEALS OF THE MONTH
PAST PURCHASES
View DNA Real Estate Past purchases bellow:
221 Linda Ln, Palm Beach Shores
13274 St Tropez Cir, Palm Beach Gardens
9389 Boca Gardens Parkway D, Boca Raton
4120 Manor Forest Trail Boynton Beach
9958 Robins Nest Road ,Boca Raton
944 Summit Lake Dr, West Palm Beach
9430_SW_61st_Way_B, Delray Beach
370 Coral Trace Lane, Delray Beach
3594_S_Ocean_Blvd, Highland Beach
2920 Florida Boulevard,115 Delray Beach
20937 Boca Ridge Dr W ,Boca Raton
20804 Boca Ridge Dr N ,Boca Raton
Foreclosure Dade county, Broward and Palm beach.
To get more of an idea of buying foreclosures properties on the auction
Please watch the video bellow:
The process of purchasing foreclosure real estate from the county court via auction has proven itself in the last couple of years as a very efficient method to purchase properties with substantial savings.
With the “subprime” mortgage crisis, a majority of homeowners were given no choice but to sign a deed in lieu of foreclosure to the mortgagees, or to "walk away" from their properties. Consequently, lenders had to foreclose on their debt and sell the properties at substantially lower amounts to recoup their equity.
Dade county:
Pre-Foreclosed Properties 72,437
Foreclosed Properties 25,722
Broward county:
Pre-Foreclosed Properties 51,029
Foreclosed Properties 18,936
Palm Beach county:
Pre-Foreclosed Properties 32,904
Foreclosed Properties 9,583
Click here to view full florida foreclosure report
The process of purchasing foreclosure real estate from the county court via auction has proven itself in the last couple of years as a very efficient method to purchase properties with substantial savings.
With the “subprime” mortgage crisis, a majority of homeowners were given no choice but to sign a deed in lieu of foreclosure to the mortgagees, or to "walk away" from their properties. Consequently, lenders had to foreclose on their debt and sell the properties at substantially lower amounts to recoup their equity.
OUR FINDINGS:
Compression of foreclosure sales in 2012 to 2013 with taking into account 6 months of transactions brings up interesting findings.
The total sales to third parties in 2012 were 14 % of total foreclosures.
The total sales to third parties in 2013 are 18.2% of the total foreclosures.
There is a rise of + 4 % of the total properties that a third-party wins. This supports our market research and experience.
Our company had developed a system, a network and efficient processes about how to acquire the properties with higher yields and minimize risks.
We are conducting a full chain of title searches, property tax debt searches, property tax certificate holder search, WASA liens search , HOA debts if any, and a property visual exterior (sometimes interior as well).
Our company is already aware of all the restrictions and the obstacles, and we know what to be aware of.
WHAT WE BRING TO THE TABLE:
1. Experienced foreclosure purchasers.
2. Licensed real estate agents owners (???).
3. Excellent orientation to acquisitions as an investor “mind set”.
5. Reliable purchase with 100 % guaranteed title.
6. Professional analysis of the investment.
7. Hands on the product- we live and breathe our “farm “area.
FORECLOSURE PROCESS
Foreclosure Market Facts:According to a new study from the foreclosure-tracking firm RealtyTrac, Florida was home to 8 of the country’s top 20 metropolitan areas for highest foreclosure rates in 2012. By no small coincidence, 5 of the top 10 “Best Places to Buy Foreclosures in 2013″ also just so happen to be in Florida. Topping the list of best places to buy foreclosures in 2013 was the Palm Bay-Melbourne-Titusville metro area in Florida with a total score of 394: 34 months’ supply of inventory, foreclosure sales representing 24 percent of all sales, average foreclosure discounts of 28 percent, and a 308 percent increase in foreclosure activity in 2012 compared to 2011.
How We Transforms Disadvantages To Advantages:
1.Market values are increasing: Banks put into action the market value increase = Disposal of bank supply via foreclosure sale at current value; compare to the last 5 years value.
2. Low interest rates: Bank’s intention is to lend and borrower’s intention is to borrow – inter mediation exists.
3. Tight inventory for sale in current real estate market: Banks have to release the properties for the market to react and for banks to re-lend. (Urban legend “shadow list” might reviling????????????????)
4. Foreign investor’s acquisitions: The boom let in foreign purchase of U.S. residential property is apparently over. Purchases by international buyers fell 17% last year, down approximately $14 billion from the previous year.
We believe that our recognition, knowledge and experience in our “farm” area will contribute major success to your foreclosure acquisitions experience.
BEST CLOSED DEALS OF THE MONTH
Foreclosure Dade county, Broward and Palm beach.To get more of an idea of buying foreclosures properties on the auction
$87,400
600 Lawrence Rd, Delray
600 Lawrence Rd, Delray
$82,900
6157 Balboa Cr #104, Boca
6157 Balboa Cr #104, Boca
$283,900
11113 Pacifica, Wellington
11113 Pacifica, Wellington
$172,800
4698 Addison, Boca raton
4698 Addison, Boca raton
600 Lawrence Road Delray Beach, 33445
| Date Of Auction: | September 30th, 2013 |
| City / Zip: | Delray Beach, 33445 |
| Subdivision | Delray Shores First Add In |
| Type Of Property: | Single Family |
| Complex / Unit: | n/a |
| Sq. Footage: | 1769 sq ft |
| Bed / Bath: | 1 / 2 |
| Previous Sale Price: | $59,900 in 1985 |
| Year Built: | 1971 |
| Appraised: | $85,135 |
| Previous Year Taxes: | $1,259 |
6157 Balboa Circle #104 Boca Raton, 33433
| Date Of Auction: | September 27th, 2013 |
| Subdivision | Whitehall Cond At Camino Real 1 Thru 17 Decls Filed Or4281 |
| Type Of Property: | Condo |
| Complex / Unit: | Whitehall Condominium At Camino Real |
| Sq. Footage: | 1385 sq ft |
| Bed / Bath: | 2 / 2 |
| Previous Sale Price: | $90,000 in 1998 |
| Year Built: | 1985 |
| Appraised: | $100,000 |
| Previous Year Taxes: | $1,331 |
11113 Pacifica Street Wellington, 33449
| Date Of Auction: | September 27th, 2013 |
| Subdivision | Orange Grove Estates |
| Type Of Property: | Single Family |
| Complex / Unit: | n/a |
| Sq. Footage: | 3515 sq ft |
| Bed / Bath: | 4 / 2.5 |
| Previous Sale Price: | $232,885 in 2002 |
| Year Built: | 2002 |
| Appraised: | $226,027 |
| Previous Year Taxes: | $4,534 |
4698 Addison Street Boca Raton, 33428
| Date Of Auction: | September 23rd, 2013 |
| Subdivision | Holiday City At Boca Raton Sec 3 As In |
| Type Of Property: | Single Family |
| Complex / Unit: | n/a |
| Sq. Footage: | 2177 sq ft |
| Bed / Bath: | 3 / 2 |
| Exterior Construction: | CB STUCCO |
| Previous Sale Price: | $152,500 in 2001 |
| Year Built: | 1976 |
| Appraised: | $140,349 |
| Previous Year Taxes: | $2,248 |
BEST UPCOMING DEALS OF THE MONTH
Foreclosure Dade county, Broward and Palm beach.To get more of an idea of buying foreclosures properties on the auction
$155,100
11850 164th Ct N, Jupiter
11850 164th Ct N, Jupiter
$122,300
1397 Brampton, Wellington
1397 Brampton, Wellington
$141,500
53 Palomino, Boca Raton
53 Palomino, Boca Raton
$45,000
226 NW 5th Ave, Delray
226 NW 5th Ave, Delray
11850 164th Court North Jupiter, 33478
| Date Of Auction: | October 21st, 2013 |
| Type Of Property: | Single Family |
| Complex / Unit: | n/a |
| Sq. Footage: | 3890 sq ft |
| Bed / Bath: | 5 / 3 |
| Exterior Construction: | WOOD SIDING |
| Previous Sale Price: | $25,000 in 1985 |
| Year Built: | 1987 |
| Appraised: | $241,413 |
| Previous Year Taxes: | $4,498 |
1397 Brampton Cove, Wellington, 33414
| Type Of Property: | Single Family |
| Complex / Unit: | n/a |
| Sq. Footage: | 3890 sq ft |
| Bed / Bath: | 5 / 3 |
| Exterior Construction: | WOOD SIDING |
| Previous Sale Price: | $25,000 in 1985 |
| Year Built: | 1987 |
| Appraised: | $241,413 |
| Previous Year Taxes: | $4,498 |