RealtyTrac reports that foreclosure activity is down 23% nationwide through 2013. However...foreclosure activity on homes priced $5 million and up has skyrocketed 61% since October 2012 and the Miami/Fort Lauderdale area is at the top of the list for the most high-end foreclosures.

luxury foreclosures

Why the sudden jump in luxury foreclosures? Sources speculate it is a reflection of the financial sector's increased stability and banks being more able to weather big-ticket losses. (Read the entire article here.)

In last week's article, Luxury Home Buyers Get Deals On Jumbo Loans, we talked about the fact that banks are offering great deals on jumbo loans. Loans for luxury home buyers are now cheaper and easier to get.

This makes the perfect storm for buying a South Florida luxury home. Money is cheap and prices on foreclosures are generally well below market. Sound interesting? We have a Free List of South Florida Luxury Foreclosures. Click here to get yours!

Cinthia Ane has distinguished herself as a leader in the South Florida luxury real estate market. Cinthia assists buyers looking for South Florida real estate for sale and aggressively markets South Florida homes for sale. Cinthia Ane markets luxury single-family estate homes, luxury condominiums and luxury waterfront and equestrian property home sites in Miami/Dade County, Broward County and Palm Beach County.

You can reach Cinthia Ane by filling out her online contact form or giving her a call, 954-218-3231.