Foreclosures in Florida, Miami Real Estate

Miami Dade begin online Florida foreclosure auctions

The county of Miami Dade officially launched online bidding for foreclosures in Florida Monday, in a move that could speed the sale of huge numbers of distressed Miami real estate properties on the market, bringing together bidders from across the globe and launching hopes of an accelerated return to normalcy in the Miami real estate industry.

The new system is managed by RealAuction.com based in Plantation and will completely replace the traditional courthouse procedure. Miami-Dade Clerk of Courts Harvey Ruvin said it is expected to save the county $750,000 per year while cutting out a lot of the paperwork that has weighed down the process. As it tries to balance a backlog of foreclosure cases and a reduced budget, the move comes at a good time for the foreclosure division of Miami-Dade Clerk of Courts office.

Full Article...Foreclosures in Florida, Miami Real Estate

Real Estate Agents, Miami Beach Real Estate

Online Real Estate Agents Supported by the Justice Department

Tuesday, online real estate brokers and their potential clients received some support from The Justice Department who is forcing new industry policies that give Internet-based agents access to home listings they were previously denied.

The settlement, which still requires court approval, could save consumers thousands of dollars when buying a home.

Online real estate agents let buyers review listings at their own pace and often discount their commission fees.

Internet-based brokers have been complaining for years that the National Association of Realtors was letting real estate agents exclude some of their listings from their online competitors, many of whom offer discounted prices. More than 800 multiple listing services nationwide are affiliated with the Realtors group.

Full Article...Real Estate Agents, Miami Beach Real Estate