Find South Florida REO and Foreclosure Opportunities with Evolution Residential 

 

1. Search 14,000 South Florida REO & Foreclosures with our advanced search engine (BELOW).

 

2. Search distressed condos by area or distressed homes by community

 

3. Evolution Proprietary Lists - The Evolution Team has found hundreds of attractive residential and commercial distressed property investment opportunities, many directly from banks and servicers.  Contact Us at 305-672-6011 or info@evolutionres.com to see these properties.

 

Evolution Commercial Real Estate Distressed Database (Click here to see summary): 200+ investment opportunities including bulk condos, shopping centers, office buildings, hotels, apartment buildings and land. 

 

4. Custom Search: Our home and investment search process takes just a few minutes to start and can help you find you the right foreclosed or REO opportunity quickly and easily. 

 

 

What is a Short Sale?
When a homeowner wishes to sell their home for less than the amount of the mortgage on the property.   This sale will need to be approved by the bank that made the mortgage. They will need to accept a payment that is less than the amount of their mortgage.   If the short sale has been approved by the bank already, Short Sales can be a great opportunity to purchase.

 

What is a Foreclosure?
When a home owner does not make the appropriate and timely payments on their mortgage, the lender has the choice of foreclosing on the home - either forcing an auction of the home to the public or taking over ownership of the home. This process begins with a bank filing a Lis Pendens, a lien on the property. The foreclosure process  can take anywhere from 2 months to 2 years.  During this period, many banks are open to selling off the mortgage note at discounted prices.   If the bank completes the foreclosure process and the property is not bought by an outside bidder at auction, it becomes REO – Real Estate Owned by the lending bank. Evolution has information on over 1.0 million properties in the foreclosure process around the US.

 

What is REO?
REO is Real Estate Owned. It is real estate that the bank has successfully foreclosed upon and that was not purchased by a third-party buyer at public auction.  Evolution has information on over 10,000 REOs in South Florida.