Sunrise offers $2,000 to buy foreclosed homes

Miami /
Jan.January 26, 2012 03:00 PM

Buyers of foreclosed homes in Sunrise are getting up to $2,000 from the city toward home improvement projects, the Sun-Sentinel reported. The Community Development Office is running the program with city funds and advertising it to local real estate agents. It’s been approved it for up 100 home buyers and city officials are trying to get banks to match the funds.

Though Sunrise sales are picking up, according to brokers who estimated that there are 160 properties in Sunrise eligible for the program, the city wants foreclosed properties off the market even more quickly. Further, the incentive may boost local businesses who get more customers for home improvements.

“When these properties are vacant, then it becomes a maintenance problem,” said Mark Lubelski, director of Community Development. “The lawns aren’t maintained, sometimes the windows get broken; they just become an eyesore. We’re just trying to get these props off the market and get families living in them.” [Sun-Sentinel]


Related Articles

arrow_forward_ios
Moto Capital Group's Marcos Lima with 350 Ocean Drive (Loopnet, LinkedIn, Getty)
Toronto firm picks up Ocean Drive hotel for $39M
Toronto firm picks up Ocean Drive hotel for $39M
TJX Companies' Carol Meyrowitz and a rendering of the Homesense store (TJX Companies)
Homesense to open first store in Southeast at Sawgrass Mills
Homesense to open first store in Southeast at Sawgrass Mills
Lyon Living CEO Frank Suryan Jr. and 4108 Pine Island Road in Sunrise (Lyon Living, Courtyards at Sunrise)
Lyon Living Pays $33M for Sunrise apartment complex
Lyon Living Pays $33M for Sunrise apartment complex
Metronomic's Kelly Beam with 3265 Bird Avenue (Metronomic Holdings, Google Maps)
Embattled developer’s Coconut Grove rentals head to auction
Embattled developer’s Coconut Grove rentals head to auction
8000 West Broward Boulevard, Mall
Lender pays $43M for Broward Mall in foreclosure auction
Lender pays $43M for Broward Mall in foreclosure auction
A rendering of the project + a Google street view of the building at 3034 Oak Avenue and  (L-R) Developers Nick Hamann and Jeremy Wacks, with Douglas Elliman’s Jay Parker (Google Maps)
Lender seeks foreclosure of stalled Arbor Coconut Grove project
Lender seeks foreclosure of stalled Arbor Coconut Grove project
A photo illustration of the Sunrise on the Green Condominium Residences at 4001 North University Drive in Sunrise (ApartmentFinder, Getty Images)
Duncan Hillsley fattens up rental portfolio with $25M bulk condo purchase in Sunrise
Duncan Hillsley fattens up rental portfolio with $25M bulk condo purchase in Sunrise
Terreno Realty's W. Blake Baird with 8050 Northwest 90th Street (LinkedIn, Google Maps)
Lender sells foreclosed aviation maintenance site in Medley for $20M
Lender sells foreclosed aviation maintenance site in Medley for $20M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...