Do you have a list of foreclosed homes for sale?

Yes. Every bank-owned home, foreclosure listing, short sale, auction property and estate sale currently on the MLS across South Florida is on this site, updated throughout the day, with its own page per category. What no site can honestly give you is a list of pre-foreclosures for sale, because a pre-foreclosure is a court filing against a home whose owner has not decided to sell.

What is the difference between pre-foreclosure, foreclosure and bank-owned?

They are three points on one timeline. Pre-foreclosure begins when the lender files suit and records a lis pendens, and the owner still owns the home. Foreclosure is that case working through the court, and a home listed for sale during it is a foreclosure listing. Bank-owned, or REO, is what happens after the auction when nobody bid enough and the lender took the title. Bank-owned is the one you can simply go and buy.

Are foreclosures cheaper than regular homes?

Sometimes, and rarely by as much as people expect. Banks price bank-owned homes from a broker price opinion at or slightly below market for the condition they are in, and a clean one in a good area can sell above asking in a competitive market. The genuine discount is for condition and for risk, which is exactly what you are taking on.

Can I buy a foreclosure with a mortgage?

Yes, if the home is in lendable condition. Conventional, FHA and VA loans all work on bank-owned and short-sale purchases. Homes with a failed roof, a missing kitchen or no working systems will not pass appraisal, and those sell to cash buyers or to borrowers using a renovation loan such as the FHA 203(k).

How long does buying a distressed home take?

A bank-owned home closes on a normal timeline, thirty to forty-five days. A short sale takes three to six months because the lender has to approve the price. A probate sale takes sixty to ninety days and sometimes a court order. A foreclosure listing depends on the case, and the sale can be overtaken by the clerk's auction date if nobody is managing that calendar.

What is the difference between an MLS auction listing and the courthouse auction?

An auction listing on this site is a home marketed for sale by auction, usually online, that you can tour and inspect first, with a buyer's premium added to the winning bid. The clerk's foreclosure sale is run by the county, is cash, is due within hours, and comes with no inspection, no title insurance and no guarantee the home is empty.

Do I pay a fee to buy a foreclosure through BreakThru Realty?

Brokerage compensation is negotiable and agreed in writing before we tour. On most bank-owned listings the seller offers to pay the buyer's broker, as on many other sales, which can reduce or eliminate what you pay directly. You get a licensed agent to search, tour, run the title and lien checks, read the bank's addendum and negotiate.

Foreclosures & Bank-Owned Homes for Sale in South Florida

Bank-owned homes, foreclosure listings, short sales, auction properties and estate sales on the MLS across Broward, Miami-Dade and Palm Beach counties, updated throughout the day. A licensed BreakThru agent checks title, liens and association records before you offer, and explains what each kind of sale costs in time and risk.

The Newest Distressed Listings in South Florida

Bank-owned, foreclosure, short sale, auction and estate listings together, newest first, straight from the MLS and updated throughout the day.

See every distressed listing with map and filters.

What "Foreclosure" Actually Means on a Listing

Six different situations all get called a foreclosure, and only one of them is a home the bank already owns. A bank-owned or REO home has been through the auction and the lender holds the title. A foreclosure listing is still owned by the borrower, with a court case open against it. A short sale is a home worth less than the mortgage, where the lender has to approve the price. An auction listing is sold on a platform with a premium added to the winning bid. A probate sale is an estate selling a home after the owner has died. And a pre-foreclosure is not a listing at all: it is a lawsuit on file at the county courthouse against a home nobody has put up for sale. Each one has its own page here, with what it costs, how long it takes, and what goes wrong.

Where the Distressed Inventory Is

Miami-Dade carries the largest distressed market in Florida and the highest share of bank-owned homes within it, concentrated in Hialeah, Homestead, Miami Gardens and North Miami Beach. Broward's is spread across the whole county, with condos in Hollywood, Lauderhill and North Lauderdale and single-family homes through Fort Lauderdale, Pompano Beach and the northwest. Palm Beach County's runs through West Palm Beach, Lake Worth Beach, Riviera Beach and Belle Glade, and it has an unusually high share of probate and estate sales because so much of its housing has been held by the same families for decades. Each county has its own page with its live listings on it.

The Condo Trap in South Florida

Read the estoppel letter before you fall in love with a cheap condo. Since the 2022 structural safety law and the end of reserve waivers, a building with a failed milestone inspection or a six-figure special assessment produces units priced at a fraction of what the building next door gets, and that assessment follows the unit to you. So does an unpaid association balance. This is the most common way a distressed condo purchase in Broward or Miami-Dade turns into a loss, and it is entirely avoidable by reading three documents before you write the offer.

Cash, Financing and What Actually Wins

Well-priced bank-owned homes draw several offers, and banks favour certainty over price: proof of funds, a short inspection period and a closing date they can count on. That does not mean you need cash. Conventional, FHA and VA financing all work on a bank-owned home in lendable condition, and an FHA 203(k) renovation loan covers homes that would fail an ordinary appraisal. What loses is a buyer who is not pre-approved, who needs a long inspection period, or who cannot close when the bank's addendum says to.

What We Check Before You Make an Offer

A title search for second mortgages, judgments, code enforcement liens, association arrears and open permits. The tax bill, and whether the homestead exemption and the Save Our Homes cap reset on sale, which can double the carrying cost of a home the previous owner held for twenty years. The association estoppel and reserve study on a condo. The court docket where a case is open. And whether anyone is still living there, because a bank-owned home with an occupant is an eviction you inherit. Every one of these is knowable before you are committed to anything.

If It Is Your Home That Is in Foreclosure

You have more options than the letters suggest, and they narrow as the case moves toward judgment: reinstating the loan, a modification or forbearance with the servicer, selling on the open market if you have equity, a short sale if you do not, or handing the property back through a deed in lieu. Selling before the judgment generally protects your credit better than losing the home at the clerk's sale, and where the home is worth more than the debt it puts the surplus in your pocket rather than leaving it to be claimed out of the court registry. BreakThru Realty is a licensed Florida brokerage, not a foreclosure rescue service, we never charge a homeowner an upfront fee, and the conversation costs nothing.

Foreclosures by Type of Sale

Foreclosures by County

Foreclosures in Florida: Frequently Asked Questions

Do you have a list of foreclosed homes for sale?: Yes. Every bank-owned home, foreclosure listing, short sale, auction property and estate sale currently on the MLS across South Florida is on this site, updated throughout the day, with its own page per category. What no site can honestly give you is a list of pre-foreclosures for sale, because a pre-foreclosure is a court filing against a home whose owner has not decided to sell.
What is the difference between pre-foreclosure, foreclosure and bank-owned?: They are three points on one timeline. Pre-foreclosure begins when the lender files suit and records a lis pendens, and the owner still owns the home. Foreclosure is that case working through the court, and a home listed for sale during it is a foreclosure listing. Bank-owned, or REO, is what happens after the auction when nobody bid enough and the lender took the title. Bank-owned is the one you can simply go and buy.
Are foreclosures cheaper than regular homes?: Sometimes, and rarely by as much as people expect. Banks price bank-owned homes from a broker price opinion at or slightly below market for the condition they are in, and a clean one in a good area can sell above asking in a competitive market. The genuine discount is for condition and for risk, which is exactly what you are taking on.
Can I buy a foreclosure with a mortgage?: Yes, if the home is in lendable condition. Conventional, FHA and VA loans all work on bank-owned and short-sale purchases. Homes with a failed roof, a missing kitchen or no working systems will not pass appraisal, and those sell to cash buyers or to borrowers using a renovation loan such as the FHA 203(k).
How long does buying a distressed home take?: A bank-owned home closes on a normal timeline, thirty to forty-five days. A short sale takes three to six months because the lender has to approve the price. A probate sale takes sixty to ninety days and sometimes a court order. A foreclosure listing depends on the case, and the sale can be overtaken by the clerk's auction date if nobody is managing that calendar.
What is the difference between an MLS auction listing and the courthouse auction?: An auction listing on this site is a home marketed for sale by auction, usually online, that you can tour and inspect first, with a buyer's premium added to the winning bid. The clerk's foreclosure sale is run by the county, is cash, is due within hours, and comes with no inspection, no title insurance and no guarantee the home is empty.
Do I pay a fee to buy a foreclosure through BreakThru Realty?: Brokerage compensation is negotiable and agreed in writing before we tour. On most bank-owned listings the seller offers to pay the buyer's broker, as on many other sales, which can reduce or eliminate what you pay directly. You get a licensed agent to search, tour, run the title and lien checks, read the bank's addendum and negotiate.