Government Owned Homes For Sale In Florida

Sign Up To Receive Notifications Of Surplus State Lands

The properties listed here are offered for sale. These properties may be sold by competitive bid or any other means authorized by Rule 18-2.020, Florida Administrative Code. If interested in receiving more information, contact the Florida Department of Environmental Protection, Division of State Lands/Bureau of Public Land Administration at 850-245-2555 or the agent listed by the property.

Please note that the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida or other parties acting on behalf of the Trustees have the right to deny any application to purchase surplus land and also reserves the right to make a determination that a parcel shall be competitively bid. If more than one party is interested in a particular surplus parcel, that parcel will be sold by competitive sealed bid. In addition, all surplus parcels with a market value over $500,000 must be sold by competitive bid.

SPECIAL NOTE TO ALL APPLICANTS: Submittal of a complete application shall not operate to create any rights or constitute any grounds for the Department to recommend approval of any sale. The Board of Trustees has the authority and reserves the right to deny any application to purchase surplus lands. Applicants shall be responsible for all costs associated with the purchase of surplus lands. These costs include, but are not limited to, appraisals, surveys, title searches, state documentary stamp taxes, recording fees and all other closing costs.

SALES OF SURPLUS LANDS

Florida Foreclosure Homes For Sale

• 3bds2ba1,072sqft- Foreclosure3 days on Zillow
• REAL ESTATE ASSET DISP CORP.. Listing provided by BeachesMLS$529,4004bds2ba1,562sqft- Foreclosure1 day on Zillow
• 5bds5ba2,688sqft- ForeclosurePrice cut:$20,100
• CENTRAL COAST REALTY. Listing provided by BeachesMLS$174,9992bds2ba1,105sqft- Foreclosure1 day on Zillow
• SWEPT AWAY REALTY, Amy Ivey$431,6003bds2ba2,005sqft- Foreclosure2 days on Zillow
• 2bds2ba1,014sqft- Foreclosure Three Dimensional
• EXIT REALTY N. F. I.$170,0003bds3ba2,528sqft- ForeclosurePrice cut:$35,000

How To Buy Government Foreclosures

Each government agency has its own ways of approaching the foreclosure sale process. You can find more information on the specifics of how to buy HUD properties, VA homes, USDA properties, and FHA real estate by visiting their informational pages on BankForeclosuresSale.com.

Generally, the process for buying government foreclosures begins with finding listings for properties you want to buy. Then, you’ll want to secure financing for a home purchase so you know how much you’ll be able to spend. Consequently you’ll want to make sure you get a home inspection to assess the property’s condition, as well as any repair costs you’ll have to spend, since government agencies will not pay for any repairs the property may require, and an appraisal of the market value of the property. Once you’ve settled on a property and secured financing, you can bid on the government home following the process and procedure of the agency’s home sale guidelines.

BankForeclosuresSale.com offers unparalleled access to hundreds of thousands of government foreclosures and discount properties currently available all over the United States. The best way to start finding government homes in your area is with a search of our listings database.

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Florida Foreclosures For Sale

Located in the southeastern region of North America, Florida sits on the border of the Gulf of Mexico and the North Atlantic Ocean. The state’s economic stability relies heavily on the agricultural industry, which focuses mainly on products such as greenhouse plants, oranges, cattle and tomatoes. Besides these main areas of production, poultry, eggs and several other crops also contribute strongly to the revenues Florida receives from its agricultural sector. The mining industry garners its profits largely from oil, limestone, petroleum and perhaps most importantly, phosphate rock, which is the state’s biggest contributor towards growing profits and the overall economy. Other sectors include the fishing industry, local businesses such as real estate, various law firms and service centers, along with a strong focus on wholesale trading as well.

Find Foreclosures In Florida That Meet Your Needs

A good foreclosure listings service helps you locate the best home foreclosures in Florida and gives you accurate and timely information. Bank Foreclosures Sale offers a huge database of Florida foreclosed homes for sale including Florida bank foreclosures, government foreclosures, HUD and VA repo homes, preforeclosures, bankruptcies, foreclosure auctions, tax liens, distressed properties and Florida bank owned homes. Bank Foreclosures Sale offers the most reliable and up-to-date listings of bank foreclosures, including some great opportunities on foreclosures in Miami and foreclosures in Jacksonville, as well as other major cities in Florida.

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What You Need To Know About North Florida Bank

Not all bank-owned foreclosures in northern Florida are great deals, although your Realtor® will be able to help you find one that is.

Remember that banks are in the business of making money, so they try to price their homes competitively. When you find a bank-owned foreclosure thats priced well below what should be the standard price, keep in mind that it could be severely damaged or it may be in a less-than-desirable location.

The best thing you can do is get an independent appraisal to make sure that you know exactly how much the home is worth.

Most bank-owned foreclosures are sold as-is. That means they may not come with any type of home warranty, and you may need to put in a significant amount of work to make the house a home.

Youll need to get an inspection on the home before you make an offer, too. Sometimes things that look like mere cosmetic damage are actually bigger problems in disguise.

When you choose to make an offer on a bank-owned foreclosure in North Florida, know that you probably arent the only one doing so. Many investors like to purchase these homes to fix them up and sell them for a profit, so you may have to wait several weeks before you get a response to your offer.

How To Find Va Reo Properties And Learn More

The VA REO program is administered as VRM Mortgage Services, and provides a searchable map of available VA REO homes.

VA literature on the official site directs those interested in such properties to use the map or contact VRM Mortgage Services by phone at 855-843-8334. You can also search for VA-owned properties/VA REOs at the Government Sales official site, which is a site owned and operated by the federal government.

Joe Wallace is a 13-year veteran of the United States Air Force and a former reporter for Air Force Television News

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Va Vendee Loans For Va Foreclosures

VA Vendee loans are radically different than VA mortgages offered to qualifying military people and certain surviving spouses. Vendee loans are offered to a wide range of buyers:

• Owner-occupiers

For most loans associated with the Department of Veterans Affairs, investors and non-military borrowers are excluded. Not so for Vendee Financing investors can apply for these loans as well as owner-occupiers. Vendee Financing allows purchasing REO homes as investment properties OR primary residences.

Perks of VA Vendee loans for REO properties includes:

• Low or no money down
• Origination fees can be included in the loan
• Funding fees may also be included into the loan
• 15- or 30-year loan terms
• Seller contributions toward closing costs are permitted
• No mortgage insurance
• No limits on how many VA REO properties can be owned as investments

The zero-down option applies to owner-occupiers, and generally an investment property purchase of a VA REO home could require a downpayment. Lender standards, state law, and other variables will apply and your experience may vary.

VA REO homes are sold as-is and are not guaranteed in any way. Its best to think of these homes as fixer-upper properties that need additional spending to bring up to building code, state or local requirements, etc.

Are You Looking For A Bank

Whether youre an investor or youre just looking for a great deal on a home, we may be able to help you find a bank-owned foreclosure in North Florida.

Call us at 386-243-0124 or get in touch with us online. Wed love to help you find your next home.

Posted in: Blog, Foreclosures, Homes for Sale

Search Smarter

Did you know the hottest Land for sale in Florida often sell within days of being listed? Don’t miss out! Set up your own custom property alert so you can be notified of the newest homes as they hit the market! Simply click the button below and choose the types of Florida land you are looking for and save your search to start getting alerts today!

As local expert I also have access to North Florida Land for sale before it hits the market and can show you more information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact me at your convenience. There is no obligation and or pressure… I hope to hear from you!

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What Are Government Foreclosures

Government foreclosures are residential properties that have been repossessed and put up for sale by a government agency. The reasons for these sales can vary. In some cases, a property owner may have obtained a government-sponsored mortgage loan to buy real estate. Several government agencies, such as the Housing and Urban Development Department , the Federal Housing Authority , the Veteran’s Affairs department , offer mortgages to citizens at special rates. However, when a homeowner defaults on their mortgage, these agencies will have to repossess their property and sell it in order to get back the money lost on the unpaid loan.

Of course, there are other reasons government foreclosures are sold as well. Many homes are repossessed and sold by the Internal Revenue Service due to tax debts. In some cases, the U.S. Marshall’s office or Homeland Security department may sell property seized due to criminal activity.

Government foreclosures are sold every day across the nation, and are a key element of the U.S. housing supply. Best of all, government foreclosures offer some of the lowest prices on real estate buyers will find, and can be great opportunities for saving money and making great investments.

Us Department Of Agriculture Rural Development

The USDA’s Rural Development division is tasked with helping citizens of rural areas get the mortgage loans they need to buy homes. They offer many different types of loan assistance to rural homebuyers, and they also sell a great deal of foreclosure real estate to the public for big discounts. If you’re interested in fixer upper homes or handyman specials, USDA homes also offers extra discounts on properties in disrepair. Buyers looking at property in rural areas should always investigate USDA homes, as they often offer the lowest prices available in the area.

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Tips For Participating In Government Auctions

• The general rule for auctions is that the highest bidder wins, and cancellation is not possible. Check with the auction site ahead of time to find out if you can cancel a bid.

• Each auction website operates differently. In some cases, the government agency itself runs the auctions. In other cases, the agency operates the shopping site, but a third-party company handles the auction itself.

• Find out what forms of payment auctions accept. There is no uniform payment policy across all the different auctions. Some auctions accept credit card payments or personal checks. Others, such as the Internal Revenue Service , don’t accept either of these. Most auctions accept cashier’s checks.

• For real estate auctions, you may need to work with a broker or real estate agent to bid or make the purchase. Also, for real estate auctions, find out if financing is permitted. Many times it is not and the full purchase price is due when you win the bid.

Government Property For Sale Or Disposal

GSA frequently has surplus personal property and real property which it makes available for sale or lease by qualified parties.

Furniture and equipment such as appliances, wall hangings, technological devices, and the relocation expenses for such property.

Real Property relates to land and structures on that land, and includes undeveloped land, office buildings military holdings and more.

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Rates for Alaska, Hawaii, U.S. Territories and Possessions are set by the Department of Defense.

Rates for foreign countries are set by the State Department.

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