“There’s a lot of bargain-hunting going on right now. Florida is one of the harder-hit states as far as the values dropping. Orlando is probably one of the harder-hit areas in Florida. It’s more transient, and there was a lot more speculation in the ‘04-’05-’06 time frame.”

– Foreclosure.com Director of Real Estate Owned (REO), Glen Daniels, shares his expert thoughts with the Orlando Sentinel on the foreclosure situation and real estate market in Florida. To check out Florida foreclosed homes and amazing deals click here.

Cue ABBA because real estate mogul Donald Trump is about to pocket a whole lot more money, money, money.

Trump possibly set a record today with the most expensive single-family home ever sold with a price tag of more than $100 million (he came down from $125 million) for his renovated 6.5 acre Palm Beach, Fla., mansion.

He originally paid $41 million for the property four years ago and hired Kendra Todd at the conclusion of “The Apprentice” to oversee a $25 million renovation project.

According to several reports, the nine bedroom 62,000 sq. ft. palace boasts marble bathrooms with 24-carat gold fixtures, a 48-car garage, 100-foot long pool, conservatory and 475 feet of ocean front property.

However, the new owner — billionaire and Russian fertilizer tycoon Dmitry Rybolovlev — has no immediate plans to live in his new home. In fact, he may tear it all down to subdivide the land.

Foreclosure.com is proud to announce its support of the “Foreclosure Assistance Center”, which is a first-of-its-kind cooperative effort between The City of West Palm Beach, Fla., and national organizations such as banks to create a resource that provides homeowners facing the loss of their properties with viable solutions.

Here’s a snip from Emelda Johnson from the the department of housing and community development via WPTV.com:

“The program we can up with anticipates all of the scenarios someone in trouble might experience and the various scenarios of getting them out of trouble.”

Those “troubles” could mean everything from divorce, adjustable rate mortgage interest rate increase, job loss, illness or any of the other unfortunate situations that can lead to foreclosure action.

Florida residents who require foreclosure help or need to avoid losing their homes should contact the center at (561) 822-1575 or stop in for a personal consultation at 464 Fern St. in West Palm Beach, Fla.

It is open from 9 a.m. to 5 p.m. daily and is FREE to the public. Distressed homeowners who seek assistance and don’t live in the area will be referred to other agencies.

“Real estate became very liquid especially in the condo market. People would buy pre-construction pricing and that’s before the building was out of the ground, and then they would sell the contract while the building was being constructed and for huge gain sometimes 200% gains…. They were selling anywhere from $600,000 to well over a million dollars, and now there is an active foreclosure in this building for $219,000.”