Jacksonville | Intracoastal West | Ponte Vedra & Beaches Real Estate
Phyllis Staines, Realtor
(904) 476 - 7653(904) 476 - 7653

More Foreclosures Coming in 2018

Q. I’m looking to buy a foreclosure but there aren’t many on the market. Where else can I look?

A. If you can wait a few more months to buy, your options may improve. The Florida Association of Realtors (FAR) just reported on the anticipated surge of foreclosures to surface in Florida in early 2018 due to the impact of recent hurricanes. The reason is due to the number of mortgage loans more than 30 days past due in the impacted areas. And although many lenders offered grace periods for affected customers, these measures were not enough to prevent foreclosure. Experts predict we will start to see an increase in the foreclosure volume beginning in February so sit tight, more inventory is coming.