| The number of buying a foreclosed home in Florida is | | | | through online auction is very easy. Any potential buyer |
| increasing with the launching of the public online auction | | | | is eligible to buy a foreclosed property through the site. |
| website. | | | | He has to make the deposit, place bids, track the |
| Recent statistics revealed that Miami Dade has been | | | | auction proceedings, which finally end up in paying the |
| recorded as the 12th county in Florida to launch the | | | | property if he comes out successful in the entire |
| website dedicated to Foreclosure auction. The country | | | | process. |
| has reached a record backlog of 115,000 foreclosure | | | | Ruvin has chosen ( a well known Florida based |
| filings in the recent years and in order to alleviate these | | | | company having the record of conducting foreclosure |
| backlogs, Florida is moving around 200 foreclosure | | | | auctions for 11 other counties) to conduct the Miami |
| cases every day. The key motive behind this attempt | | | | dada foreclosure auction. |
| is to prevent the accrual of these foreclosure cases in | | | | During the phase of housing meltdown, the number of |
| the future. | | | | foreclosures filing was around 7000 in average. |
| Studies made over the past few months have | | | | Handling such a huge number of foreclosure auctions |
| revealed that Miami-Dade, the biggest county in the | | | | depending on the paper work is truly difficult. However, |
| U.S, according to their population status, has the largest | | | | the launch of the new auction website has alleviated |
| number of foreclosure filings during the past few | | | | the pressure of the court’s employees to a |
| months. According to these results based on the | | | | considerable extent. Ruvin, the owner of the site, is |
| completed foreclosed and pre-foreclosed homes in | | | | anticipating that it will save 23,000 man-hours per year |
| US, Miami Dade is in seventh position. | | | | with the help of the foreclosure auction online. |
| Last week, the county has accomplished its first online | | | | Moreover, it will make the entire proceedings fast. The |
| auction through its newly launched website, and has | | | | famous foreclosure bidder, Julian Dominguez, while |
| successfully resold 40 foreclosed properties. The | | | | reporting about the online foreclosure auction said that |
| website owners are found to be optimistic about their | | | | it will save beginners from getting harassed by |
| fresh attempt of online auctioning and anticipate an | | | | experienced bidders. |
| increase in sale at the next foreclosure auction. | | | | As the recent reports say, Broward County is on its |
| According to Harvey Ruvin, clerk of courts for | | | | way to launching its online foreclosure auction site in |
| Miami-Dade County, buying a foreclosure property | | | | the first quarter of this year. |