This comprehensive list of active Brevard County FL foreclosures - compiled and presented by Pruitt Real Estate, Inc. - is sorted alphabetically by city, then by ascending price. This list includes foreclosures in the following cities: Barefoot Bay, Cape Canaveral, Cocoa, Cocoa Beach, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Melbourne Beach, Merritt Island, Micco, Mims, Palm Bay, Rockledge, Satellite Beach, Titusville, Vero Beach, and West Melbourne.
To view this list, simply click on the document to "View in Full Screen."
To view details and photos of any listing, click the blue hyperlink in the last column of listing information.
Click here to download a copy of this list in .pdf format.
Now is the time to buy! Prices are down, inventory is up, and mortgage rates are at an all-time low!
As of February 17, 2012, Brevard County's Multiple Listing Service (MLS)
reports a current inventory of 211 active Melbourne, FL area foreclosures for sale.
But what does that mean for you?
"Foreclosure is the legal process whereby a lender (bank or secured creditor) terminates the owner's right to a property that was pledged as security for a debt. The lender usually then forces a sale of parcel of the real estate or home, often at a public auction, to satisfy the debt after the owner defaulted to comply with the agreement between the borrower and the lender."
But why consider buying a Melbourne FL foreclosure? Aside from home prices declining, and mortgage rates at an all-time low, there are several advantages to purchasing a Melbourne FL foreclosure, [or REO (real estate owned)] property.
* Since the bank owns the property, they are in a position to negotiate several terms of the sale, including (but not limited to) sale price, down payment, escrow amount and time, closing costs, etc.
* The bank will have clear title to the foreclosure, thus the buyer does not risk assuming any liens due to unpaid taxes, mortgage payments, HOA fees, etc.
* Melbourne, FL foreclosures will most likely be listed in the local MLS, so the bank is responsible for paying real estate commissions and fees
* Melbourne, FL foreclosres close within a normal escrow period
* The home will be vacant, expediting the showing and moving processes
Since 1954, Pruitt Real Estate has been at the forefront of Brevard County real estate. Melbourne FL foreclosures present opportunities for buyers of all types, whether you're a first-time homebuyer, a retiree looking to downsize or purchase a vacation home, or an investor seeking alternatives to the risky stock market.
Let us build the bridge between your dreams and reality. 
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