Big Bank Owned Property Auction in South Florida

by Florida's #1 Mortgage Planner on March 1, 2008

In case you haven’t already heard about it, Kennedy Wilson is having a huge auction of bank-owned properties (REO).  You can find more information about the properties at www.flapropertyauction.com.  There are around 100 properties throughout Miami-Dade, Broward and Palm Beach counties, many appear to be in reasonable shape, though some definitely require some work.

Prices on the properties range from starting bids of $25,000 to list prices over $1.4 million.  So, if you haven’t heard and are looking for  a great opportunity to invest or purchase a new home in South Florida, this may be your best shot. 

There are some limitations, as always, such as their requirement to get “pre-qualified” through Countrywide.  Keep in mind that requirement is just a pre-qualification and not required to secure the actual financing, so give contact me and let’s see if I can get you a better deal.  I can also help you determine maximum purchase prices and other calculations for those looking to invest for profit or cash flow.

There is not much time left as the auction is next week (March 9), with opportunities to view the properties tomorrow and next weekend.  Please let me know if I can help, otherwise, good luck if you decide to purchase one.  And for those of you wondering, yes, I have a few of those properties on my own list.

{ 1 comment… read it below or add one }

Mortgage March 2, 2008 at 3:03 am

Sounds like a great time to get that first home. Maybe ill see you there.

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