Hollywood property auctions may be summarized in a nutshell as follows. There are a total of 2,978 foreclosure listings and properties set to be disposed of through imminent foreclosure auctions there. These homes have a median quoted price of $234,247. There are also 6,060 other properties on sale at the Hollywood real estate listings auctions. Their average listed price is $249,500. On the face of it, the foreclosed homes do not appear to be offered at a great discount in Birmingham, unlike the trend noticed conspicuously in other cities. Gary Sandelier, Robert Taschereau, Eric Kail and Jessica Roberts are prominent real estate agents operating in Hollywood, among hundreds of others. A competent agent can play a vital role in your reaping a bonanza from your real estate investment.
Hollywood lies in Broward County, and is the 10th largest city of Florida State, in the US. Hollywood is the major city of the South Florida Metropolitan Statistical Area. Other places in the vicinity of Hollywood include Lighthouse Point, Parkland, Coconut Creek, Miramar, Deerfield Beach, Coral Springs, Fort Lauderdale, Pompano Beach, Lighthouse Point, Margate, Hillsboro Beach, West Park, Lazy Lake, Pembroke Park, Lauderdale Lakes, Hallandale Beach, Sunrise, North Lauderdale, Lauderdale-by-the-Sea, Plantation, Sea Ranch Lakes, Weston, Oakland Park, Davie, Wilton Manors, Dania Beach, Southwest Ranches, Cooper City and Pembroke Pines.
Recent, Innovative Governmental Housing Initiatives
Hollywood foreclosures are a tiny portion of the widespread government foreclosures that are taking place throughout the US. Potential homebuyers in Hollywood can take heart from three significant measures adopted by the US government recently that have some implication for their interests regarding housing and the prospect of risking government foreclosures. The first major governmental initiative is that, unnerved by this unruly development, the government has recently brought in the Foreclosure Prevention Act of 2008, and it is now with the House Committee on Appropriations. The bill hopes to make provisions for an NRC {Neighborhood Refinance Corporation} to alleviate home finance foreclosures through adequate counseling services. The second move is that the new housing bill has assured all first-time homebuyers that they would be advanced an interest-free federal grant of $7,500 to facilitate their purchase of their homes.
The third measure seeks to compile a Nationwide Mortgage Licensing System and Registry by next year, i.e. 2009. It would become mandatory for all loan officers and loan takers to submit their particulars to the planned central database. This move comes in the wake of reports that a large number of persons with criminal backgrounds had entered the mortgage services. This step will screen such undesirable elements from joining the trade, and thereby, hopefully make way for better mortgage services for the lay investor. The fourth laudable step is that, worried about the plight of the millions of home-owners helplessly getting devoured by the mortgage foreclosures, the government has launched a handy website offering practical guidance to potential property investors on how to steer clear of situations that might subsequently lead to foreclosures. As an intending homebuyer or real estate investor, you should find the contents of the website http://www.hud.gov/foreclosure/index.cfm worth a careful read.
