Here come the Foreclosures. Get ready for $200,000 discounts in Florida.

"More homeowners in America are now defaulting on their mortgage compared to one year ago, resulting in a rise in foreclosures, especially in Florida after the recent hurricane.

In this video, I found an example of a short sale in St. Petersburg, Florida, where the owner lost $200,000 from the original list price. And the values are dropping fast. Due to a big surge in the number of homes for sale.
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