Miami Bank Foreclosures Leading to Widespread Evictions by toriola1

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									Presented by Daniel Toriola
Real estate has turned more ordinary people into wealthy people than anything else. One of the most profitable areas of real estate investing is foreclosures. Foreclosures result when people cannot afford to make the payments on their house Click here to know more

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Miami Bank Foreclosures Leading to Widespread Evictions By Cyprian

With the rate of Miami bank foreclosures and other foreclosures in South Florida one of the highest for a metropolitan area anywhere in the country, there are all kinds of homes coming onto the market. But what often gets overlooked when we hear about foreclosure statistics for the area is the remarkable amount of people who are being evicted and have nowhere to go after bank foreclosures take place. Eviction officers are saying that in no point during their careers have they ever had to put as many people out as they do nowadays. For Miami-Dade county, there were already 4,726 evictions during the first four months of 2008, a number that is up by 1,157 over the same period in 20007. Some people who are not even homeowners are getting evicted due to Miami bank foreclosures. In many cases, renters who are paying off a landlord for monthly rent end up being evicted as well because the landlord who owns the property can no longer keep up with mortgage payments. Since they can’t raise rent to keep up with the rising cost of adjustable rate mortgages, these homes go into foreclosure, hurting two lives instead of just one. With the foreclosure surge carrying steadily on and the cost of living and gas prices going steadily up, it seems that many more homeowners will be put out by year’s end. With taxes, a struggling economy and job market and prices rising on everyday goods, it’s becoming harder and harder to make ends meet. Miami bank foreclosures are predicted to continue at high rates well into 2009, and that means evictions will too. With the rate of Miami bank foreclosures and other foreclosures in South Florida one of the highest for a metropolitan area anywhere in the country, there are all kinds of homes coming onto the market. But what often gets overlooked when we hear about foreclosure statistics for the area is the remarkable amount of people who are being evicted and have nowhere to go after bank foreclosures take place.

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Florida Bank Foreclosures: Real Estate Savings in Paradise By Philip Smith

Just because open market home prices in the sunshine state are high doesn’t mean you can’t afford to own a beautiful home or vacation property here. Rather than buy standard market prices on condos, apartments and homes, exploring your options for buying Florida bank foreclosures can be a great way to save lots of money on real estate purchase in the state. Florida bank foreclosures are just like any other kind of property. The only distinguishing characteristic about their sale is that they are sold by lenders as a means of collecting an outstanding debt. You can find all kinds of properties available through Florida bank foreclosures too, from beachfront apartments in Miami Beach, to homes in the lovely cities of Tampa or Jacksonville, or condos in Pensacola. Often times these homes need almost no work put into them before you can turn around and re-sell them for a profit! And best of all, Florida has one of the best markets for these discount properties in the country. There are currently more than 32,500 Florida bank foreclosures on the market and available for sale, and this flooded market is driving down prices in all locations. The state also possesses one of the highest foreclosure rates in the nation, ensuring that you'll be able to find all kinds of great properties available that must be sold! Finding Florida bank foreclosures with the expert help of BankForeclosureSale.com is easy. Using our powerful search tool will enable you to hone in on the exact kinds of properties you're looking for easily, leaving you more time to browse for a home that will meet you or your family's needs. Florida bank foreclosures offer incredible opportunities for homebuyers and investors alike, making it possible for anyone to make an affordable real estate purchase.

Philip Smith has been educating buyers on the finer points of Florida Bank Foreclosures purchase at BankForeclosuresSale.com for over three years. Click here to visit and read more advice on buying discount real estate.

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