With thousands of homes in foreclosure or selling at deep discounts,
South Florida’s brokers and auctioneers have one of the busiest
distressed real estate pipelines in the nation. Nevertheless, some are expanding beyond the Sunshine State to pursue
new opportunities. Scott Coloney is one of them. A broker with RE/MAX
in Fort Lauderdale, Coloney launched his Foreclosure Response Team of
Florida in 2008. He’s expanding his company into Michigan through a
strategic alliance with another RE/MAX agency, taking advantage of the
property value collapse around Detroit and other areas affected by the
state’s industrial slump.
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