Just another Feb day in Cocoa Beach
So far this year there have been 25 beachside condos sold with at least 2 bedrooms in the Cocoa Beach/Cape Canaveral area. Of these sales 30% were sold as short sales, the process actually saves the lenders money in the end since the loss incurred will be significantly less than the foreclosure process.
When you look at all condos sold in the area this year including small units and non-waterfront units the number of short sales, foreclosures and other types of distress the percentage is approaching 50% of sales.
If you looking to buy or to sell a ocean front condo then you should definitely explore all your options.
Enjoy your Sunday afternoon!
Jim Bagwell
