subject: Foreclosure Auction Website- Simplify Home Buying In Florida [print this page] The number of buying a foreclosed home in Florida is increasing with the launching of the public online auction website. Recent statistics revealed that Miami Dade has been recorded as the 12th county in Florida to launch the website dedicated to Foreclosure auction. The country has reached a record backlog of 115,000 foreclosure filings in the recent years and in order to alleviate these backlogs, Florida is moving around 200 foreclosure cases every day. The key motive behind this attempt is to prevent the accrual of these foreclosure cases in the future. Studies made over the past few months have revealed that Miami-Dade, the biggest county in the U.S, according to their population status, has the largest number of foreclosure filings during the past few months. According to these results based on the completed foreclosed and pre-foreclosed homes in US, Miami Dade is in seventh position. Last week, the county has accomplished its first online auction through its newly launched website, and has successfully resold 40 foreclosed properties. The website owners are found to be optimistic about their fresh attempt of online auctioning and anticipate an increase in sale at the next foreclosure auction. According to Harvey Ruvin, clerk of courts for Miami-Dade County, buying a foreclosure property through online auction is very easy. Any potential buyer is eligible to buy a foreclosed property through the site. He has to make the deposit, place bids, track the auction proceedings, which finally end up in paying the property if he comes out successful in the entire process. Ruvin has chosen Realauction.com ( a well known Florida based company having the record of conducting foreclosure auctions for 11 other counties) to conduct the Miami dada foreclosure auction. During the phase of housing meltdown, the number of foreclosures filing was around 7000 in average. Handling such a huge number of foreclosure auctions depending on the paper work is truly difficult. However, the launch of the new auction website has alleviated the pressure of the courts employees to a considerable extent. Ruvin, the owner of the site, is anticipating that it will save 23,000 man-hours per year with the help of the foreclosure auction online. Moreover, it will make the entire proceedings fast. The famous foreclosure bidder, Julian Dominguez, while reporting about the online foreclosure auction said that it will save beginners from getting harassed by experienced bidders. As the recent reports say, Broward County is on its way to launching its online foreclosure auction site in the first quarter of this year.
Foreclosure Auction Website- Simplify Home Buying In Florida
