Want to know if a South Beach condo building you are interested in has many foreclousres and might have association managment issues you don't want ot buy into? Or, do you want to get an idea of what the local distressed properties are and which may be up for sale soon for a great price? This list of South Beach pre-foreclosure properties can help, it identifies the current condos in the beginning of the foreclosure process, for various reasons. Keep in mind while many of these will be found for sale in our MLS, some may not. Also, there are usually four reasons a foreclosure filing is made:

1) Mortgage default

2) Property Taxes defaut

3) Condo Assoc. fee default

4) Mechanics / Contactors lien