Jacksonville Florida Foreclosures
Jacksonville Florida Foreclosures
Jacksonville, as with much of Florida, has been hit harder than many cities by foreclosures. In 2010, 39% of non-condo housing sales (excluding new home sales) were of REOs/Bank Owned/Foreclosure properties. In 2006 the number of REOs sold in the Jacksonville real estate market (non-condo) was only 7% of total sales. That number has climbed steadily year after year. Surprisingly the number of Jacksonville foreclosures exceeds the number of Jacksonville short sales by more than double every year. This is a shocking number since it has been determined that lienholders lose less money in short sales. Jacksonville foreclosures generally come on the market priced below fair market value. This makes Jacksonville foreclosures a great way for a buyer to get a good deal on a home.
We have helped quite a few buyers get good deals on REO properties in the Jacksonville real estate market. We can explain the process to you and prepare you in advance for what you should expect throughout the process as well as warn you about the pitfalls involved with purchasing a Jacksonville REO property.
Jacksonville REO listings/Jacksonville foreclosure listings (due to the limitations of the MLS this is only a partial list, please contact us for a complete list of all Jacksonville foreclosures/Jacksonville REOs. We can also set you up for an automatic e-mail update everytime a new foreclosure meeting your criteria comes on the market):
REO Listings $100,000-$200,000
REO Listings $200,000-$300,000
REO Listings $300,000-$400,000
REO Listings $400,000-$500,000
REO Listings $500,000-$750,000
REO Listings $750,000-$1,000,000
REO Listings $1,000,000 and up
