On Foreclosure.com, of course. Paul Owers from the Sun Sentinel explains:

“… there are many bank-owned properties here in Florida. Banks often offer reduced or no closing costs when these homes are purchased. All lenders are motivated to unload their inventories, so there are deals to be had out there. As far as financing, rates are still at historic lows and Federal Housing Administration loans allow for as little as 3.5 percent for down payments. You can contact different banks or check out websites such as Foreclosure.com.”

To search foreclosed homes in Florida, as well as preforeclosures, Sheriff Sales, short sales, bankruptcies and other distressed real estate for great discounts, click here. It’s free for seven days — more than enough time to find your perfect retirement/vacation home at an affordable price.

Attention Florida homeowners who are currently in or are facing foreclosure:

QuickSale^SM has launched a massive nationwide campaign to help distressed homeowners seeking REAL solutions during these troubled times.

Linda Martignetti, with C-21 Tenace Realty Inc., is an affiliate of the QuickSale^SM program and is hosting a FREE consumer outreach seminar on Oct. 13 at the Forum Lodging and Conference Center located at 600 SW 3rd Street in Pompano Beach, Fla. (33060), from from 7 to 9 p.m.

In attendance will be experts who specialize in dealing with stressed and distressed homeowners.

The main purpose of this event will be to provide homeowners with the truth about topics such as loan modifications and the government’s role in this financial tsunami, as well as access points to service providers who can assist.

For more information about this and future events call us at QuickSale^SM (866) 202-8200 ext. 7110 or you can contact Linda at C-21 (www.floridahomesbylinda.com) or (954) 464-5434.

Don’t miss this opportunity to get free foreclosure assistance! Register today before it’s too late.

This is a big weekend for house hunters and investors in the Florida and Minnesota markets looking to take advantage of the best real estate deals in their areas.

REDC, one of the nation’s most reputable and successful real estate auction companies, will conduct public foreclosure sales on Saturday, Sept. 19, with bids on homes that start as low as $500.

Condominiums and townhomes, as well as single- and multi-family properties, are all on the block and up for grabs for ridiculously cheap prices.

You can bid in-person or online.

The process is safe, easy, and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

To check out the homes for sale this weekend in Florida and Minnesota, as well as to see when REDC will be coming to a city near you, click here.

Good luck!

We hope that you take advantage of these rock-bottom prices and easy financing at today’s low interest rates while they last!

Inadequate property preservation is among the many negative impacts that foreclosures have on neighborhoods nationwide.

Broken windows, litter, untamed landscaping and green pools, among other deleterious side effects of abandoned/bank-owned homes, all affect nearby property values.

Banks, local governments, Homeowner Associations (HOAs) and even good neighbors often all do their best to stay on top of regular maintenance — it’s in their collective best interests.

However, when the volume of foreclosures becomes too much to handle — whether it’s because of a lack of financial or other resources — some towns and cities have no other choice but to get creative and find alternate, less expensive, solutions.

Such is the case in Wellington, Florida.

From the Palm Beach Post:

“Wellington officials are installing catfish from the Amazon in the swimming pools of foreclosed houses to see whether the 18-inch fish, called Pterygoplichthys and commonly known as ‘plecos,’ will be a cost-effective, eco-friendly method of cleaning stagnant pools…. The village has started a pilot program using the algae-eating fish, called Pterygoplichthys and commonly known as ‘plecos’ or ’sailfin catfish,’ in slime-choked swimming pools. Mitchell hopes the slime-eaters will be an inexpensive and eco-friendly way to clean up abandoned pools, an all-you-can-eat banquet of scum that’s the catfish equivalent of Cafe Boulud.”

The foot-and-a-half long scum suckers sell for $15 a pop and are expected to set Wellington back about about $700, according to the report. That’s about $6,300 in annual savings that would have been passed on to potential buyers.

To check out foreclosure homes in Wellington and other nearby areas in Florida click here.

The fish, unfortunately, are not included — the non-natives will be relocated or destroyed because they cannot be released into the wild.

Fannie Mae — among the largest mortgage lending institutions in the nation — has introduced an attractive financing program to “jump-start sales” of its homes in South Florida and beyond, according to the Daily Business Review.

HomePath.com, which includes all properties that are owned by Fannie Mae, will now offer homebuyers the opportunity to purchase foreclosures with just 3 percent down through its HomePath® Mortgage Financing program.

The report indicates that “buyers of Fannie Mae-owned homes can finance up to 97 percent of the sale price and don’t need to buy mortgage insurance, typically a requirement of low down-payment loans.”

Jane Severn, Fannie Mae director of new business initiatives, had this to say about the financing program:

“We heard from buyers that getting financing is one of their biggest challenges when looking to buy a property, particularly foreclosed properties. We are trying to be as flexible as possible for someone to buy a Fannie Mae home.”

There is a wide selection of homes currently listed on HomePath.com, including single-family homes, condominiums, and town houses, which are located in a variety of neighborhoods in all corners of the United States.

To check out the Fannie Mae-owned homes available in your area today visit HomePath.com.