finding gov repossessed homes

Palm Beach Post Real Estate

Builder GL Homes showing new models west of Delray Beach
Despite a nationwide downturn that has crippled the housing market across Florida, GL Homes is succeeding in a way that not even the company could have predicted.
Palm Beach County to charge code violations to tax bills
The Palm Beach County Commission took the following action Tuesday: Abandoned properties: Agreed to let county officials bill clean-up costs for abandoned and neglected homes to a property owner's tax bill, rather than putting a lien on a home, which is less likely to result in prompt repayment.
3.8 percent tax on home sales affects only people with high incomes who make large profits
An email circulating on the Internet claims anyone who sells a house after 2012 will be hit with a new 3.8 percent sales tax, thanks to an obscure clause in the Patient Protection and Affordable Care Act.

Sun Sentinel Real Estate

Citizens removes insurance discounts on 100,000 homes
More than 100,000 Florida homes re-inspected by the state-run insurer of last resort have lost windstorm discounts, resulting in average premium increases of $600 a year, according to data released this week.
Terrell Owens facing foreclosure on South Florida condo
Add a foreclosure lawsuit to former NFL star Terrell Owens’ list of recent troubles.
Ask a real estate pro: Bank of Mom and Dad should set lending rules
Board-certified real estate attorney Gary M. Singer writes about the housing market in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click here .

Palm Beach Foreclosures

finding gov repossessed homes

How do you find government-repossessed homes in the Boca Raton FL area?

The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors.
You can only purchase HUD-owned properties. HUD will pay the broker's commission up to 6 percent of the sales price.
Down payments vary depending on whether the property is eligible for FHA insurance. If not, payments range from the conventional market's 5 to 20 percent.
One caution. HUD homes are sold "as is," meaning limited repairs have been made made but no structural or mechanical warranties are implied.

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Palm Beach Entertainment

Dinner and a movie
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South Florida Events

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Florida Real Estate News

Next president to figure out Fannie, Freddie
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HUD: Counseling helps families own homes
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Housing affordability reaches record in first quarter
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