For retired or telecommuting men, Florida’s surge of foreclosures, which are piled on top of even more foreclosures since 2008, offers an opportunity. McMansions have sold at auction for $80K.

Studying the situation and working hard will save crazy money at auctions and directly appealing to those who hold the loan.

Map of Cape Coral Foreclosures

Cape Coral Foreclosure – 33% Vacancy!

I just happened to check Zillow and found this out.

 

140,000 homes in Florida in zombie or REO mode. Zombie homes in Florida have been in foreclosure an average of 1,095 days

Here’s an article on Florida Zombie Homes