Florida State Center Wiki: The Real Scoop On Guides To Buying Florida Foreclosed Homes

The Real Scoop: Guides To Buying Florida Foreclosed Homes

Despite their claims, the Florida guides to foreclosed homes in Florida don't contain specific information about dates and locations of foreclosure auctions.

The fact is that most well-maintained Florida homes sell for close to their appraised value. The Florida houses that sell for significantly lower prices often are in disrepair or in unstable Florida communities.

In addition, Florida's foreclosed homes are sold "as is." They don't come with inspections, disclosures, or warranties. Sellers of foreclosed homes in Florida, such as courts and banks and other lien holders, aren't required to disclose any problems. Buyers, particularly those who don't pay for a professional Florida home inspector before closing on the deal, may find themselves mired in unanticipated repair bills.

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Daily Fact

In September, 1998, Hurricane Georges impacted the Gulf Coast of Florida, Louisiana, Mississippi, and Alabama respectively.

Source: Louisiana State Center