foreclosures n short sales in miami beach (HOA fees, luxury)

[ozcroboy]

ne1 kno any website with just foreclosures n short sales? i kno realtor.com has a few but u got to go through hundreds of listings to find em

[r_k]

Most will let you select just forclosures and/or short sales via a check box. For example:

http://www.bestofluxuryrealty.com/mls_search.html

Note: reo is same as foreclosure.

[Coconut1]

Any particular reason as to why you're focusing just on foreclosures and/or short sales as opposed to all properties?

[ozcroboy]

afta a bargain

[Coconut1]

In that case I would search all properties, not just those two specific types of sales. If it's a bargain it could come also as a traditional sale.

[ozcroboy]

banks dont usually care what the property sells for aslong as they get there cut while owners driver there own prices higher as a rule of thumb

[Coconut1]

I'm sorry, but that's sooooo not true.

[ozcroboy]

from checkin the above site and just realtor.com theres seems 2 be alot betta value in the short falls and foreclosures. one of the sites lists hoa fees at 680. would that be a yr or month?

[Coconut1]

There may be some better values on short sales and foreclosures, but that doesn't mean the bank will accept any price. Foreclosures are very time consuming and when working with a big bank can be very lengthy. Short sales aren't as bad to deal with.

$680 would probably be per month, but without knowing what property it is, I really don't know for sure. Few put it in yearly payment sums, though.

I'm not saying steer clear from short sales or foreclosures, I'm just saying include tradition sales as well. It doesn't make any sense to exclude them from your search, especially if you're looking for the best deal. It might be that a traditional sale will be the best deal for the area you want

[r_k]

I agree, look at all sales. However, in general foreclosures are simpler and quicker than short sales.

$680 hoa is almost surely per month.