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Real Living Realty Unlimited
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772-340-4622
772-340-4622
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realtyunlimited.com
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Welcome to Real Living - Realty Unlimited

"It’s got to be real."
Treasure Coast Real Estate Fl Florida

Home Condo Sales, Rentals, Property Management

We service Indian River - Saint Lucie - Martin County Fl Florida
"The Treasure Coast" Since 1995

Please see search criterion on the left side bar: Foreclosures. 

Bank Owned Properties for Sale Port St Lucie, St Lucie  County Fl
Florida and Martin County Fl Florida
Bank Owned Property for Sale Port St Lucie, St Lucie  County Fl
Florida and Martin County Fl Florida
Bank Owned Houses for Sale Port St Lucie, St Lucie  County Fl Florida and
Martin County Fl Florida
Bank Owned Homes for Sale  St Lucie County Fl Florida and Martin County Fl Florida

Foreclosed Homes Port St Lucie Fl Florida and Martin County FL Florida
Foreclosed Houses Port St Lucie Fl Florida and Martin County FL Florida
Foreclosed Properties Port St Lucie Fl Florida and Martin County FL Florida
Foreclosed Property Port St Lucie Fl Florida and Martin County FL Florida
Foreclosures Homes Port St Lucie Fl Florida and Martin County FL Florida
Foreclosures Houses Port St Lucie Fl Florida and Martin County FL Florida
Foreclosures Properties Port St Lucie Fl Florida and Martin County FL Florida
Foreclosures Property Port St Lucie Fl Florida and Martin County FL Florida

Bank Owed Foreclosed Homes Port St Lucie Fl Florida and Martin County FL Florida
Bank Owed Foreclosed Houses Port St Lucie Fl Florida and Martin County FL Florida
Bank Owed Foreclosed Properties Port St Lucie Fl Florida and Martin County FL Florida
Bank Owed Foreclosed Property Port St Lucie Fl Florida and Martin County FL Florida
Bank Owed Foreclosures Homes Port St Lucie Fl Florida and Martin County FL Florida
Bank Owed Foreclosures Houses Port St Lucie Fl Florida and Martin County FL Florida
Bank Owed Foreclosures Properties Port St Lucie Fl Florida and Martin County FL Florida

Bank Owed Foreclosures Property Port St Lucie Fl Florida and Martin County FL Florida

Realty Unlimited offers a wide variety of real estate expertise in
Port Saint Lucie Saint Lucie County and Martin County Fl Florida

Foreclosures we manage ourselves, in house. Many of our agents not
only have a license to practice real estate but also have college
degrees to better assist you our client with all of your real estate needs.

Up to date Florida real estate foreclosure trends:
Foreclosure Homes account for 26% of all US Residential Home Sales in the first quarter of 2012 Bank owned homes for sale in Port St Lucie Saint Lucie County and Martin County FL Florida

Third parties purchased a total of 233,299 residential properties in some stage of pre foreclosure, defaults and scheduled foreclosure auctions or bank owned REO during the first quarter, an increase of 8 percent from the previous quarter and virtually unchanged from the first quarter of 2011

If you’re ready to shop for a bank owned property for sale, bank owned houses for sale and bank owned properties for sale, explore the real estate bank owned property for sale listings from Realty Unlimited.
With the right information, and a good source for property listings, it’s easier to find an opportunity that’s right for you.

Bank Owned Home - Foreclosed Foreclosure Home - Houses, Properties, Property for Sale Port St Lucie St Lucie County and Martin County Fl Florida.

Real estate owned (REO) properties, also known as foreclosures are homes that are owned by the bank.  If you're thinking of buying an REO property, there may be affordable options that are right for you, but the process of buying bank owned properties is different than that of a traditional purchase. In addition to knowing how much you can comfortably afford and pre-qualifying for a loan, you’ll want to work with an experienced real estate agent and understand some of what makes buying real estate owned homes different. Realty Unlimited has that expertise so please allow us to assist you in your search.

Real Estate Owned or REO is a class of property owned by a lender typically a bank government
agency, or government loan insure after an unsuccessful sale at a foreclosure auction. A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property.This is commonly the case when the amount owed on the home is higher than the current market value of this foreclosure property, such as with a high loan to value mortgage following a following a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset - non performing assets.

In balance sheet terms, REO assets are considered non-earning assets for purposes of regulatory accounting. In the context of national banks in the U.S., the term REO is legally defined by the Office of the Comptroller in regulations promulgated pursuant to 12 U.S.C. § 29.

As soon as a property goes into a distressed status (the borrower/home owner misses mortgage payments) the beneficiary will want to determine the amount of equity that the property has. A popular method to determine the equity is to obtain a Broker's Price Option (BPO) or order an appraisal. Based on the amount of equity that is determined from the BPO, the bank will decide whether to allow a short sale (if requested by the homeowner). If no short sale is requested by the home owner, the beneficiary will continue the foreclosure process. If the beneficiary is unable to sell the property through a short sale or at a foreclosure auction it will now become an REO property.

The evolution of the US foreclosure crisis is increasingly diverging along state lines.

Florida is rounded out in the top five states with the highest foreclosure rates in August.
The others being California, Arizona and Nevada

On a national level, fewer homes were placed on the foreclosure track last month than in August last year, when they hit a 17 year high.

Realty Unlimited have many foreclosure listings for you to view.

At the same time, so called foreclosure starts increased almost exclusively in states like Florida and New York where the courts must sign off on foreclosures. Conversely, in many so called non judicial states, like California and Arizona the number of foreclosure starts declined versus August last year.