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Tuesday, April 6, 2010

Property Bargains

In the mists of the real state crisis Broward County foreclosure sales gain visibility by going online. Instead of the tedious traditional auctions the county gains international exposure. By simplifying the process the county is expecting to reduce the cost of auctions and to increase property turnover. The piling of foreclosure all over the country generates many problems for counties and neighborhoods. Vacant homes become housing for drug dealers and for other illicit activities.

This new auction system is sure to facilitate the foreclosure sales but is this enough? While specialists state that new jobs are being created throughout the country all my friends that were unemployed last year remain unemployed. And certainly enough I was able to find their houses on the online auction. Needless to say, they miss the old system.

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