First, spent the better part of my first 35 yrs in the Central FL area between Orlando and Tampa. I left in '96. 90% of my family is in FL, the closest to Vero is 2 uncles and an aunt in Titusville.
Two part question, first, as I want to get near the water (both ICW and blue) Vero Beach area looks like a nice area. I have no desire to go any further south than that. Researching online I see 3/2 and 4/2 homes going for well under $200k, lots
of them (foreclosure and short sales). From the photos they look pretty nice and I'd bet $20 - 30k would fix many of them up real nice and still leave me funds for a boat and slip fees. Is the market that depressed down there? Is it still good for the boating community?
Second, for those familiar with the FL RE market, how hard is it to get into one of these foreclosed/short sale houses these days? I know a couple of years ago getting the banks to sign off on a sale was like pulling hen's teeth, is it still?
Is there a web site that explains what
"HomePath Mortgage Financing or HomePath Renovation Financing" is,
or "4 day owner occupant or 15 day Investor Restriction" means?
Just a sample of what's listed....
1050 13TH SQ S - WATERFORD LAKES, Vero Beach, FLORIDA - John Makris Realtor
I've got outstanding credit, would most likely put 20%+ down (15 yr), seriously doubt financing would be an issue.
I guess my 3rd issue is how hard (expensive) is it to get homeowner's insurance down there? I know it went up quite a bit after Andrew.