Short Sales vs. Foreclosures In Miami & Fort Lauderdale
Submitted by Bal Harbour Condo Expert on Sat, 10/15/2011 - 19:32Buying Miami foreclosure home is a far different thing than buying a Miami short sale home
Both of them involve properties that are in distress. A foreclosure action is taken by the bank that owns the mortgage on the home when the owner becomes behind in their payments. There is a specific process the bank must go through to take this action and, in the end, the bank owns the property.





