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What to know when buying a property in Florida

Realty Biz

It is necessary to have homeowner’s insurance in place to protect against floods and hurricanes in Florida. Unlike most other states, Florida protects your home from foreclosure, even if you file for bankruptcy. Buying a property in Florida has never been so easy.

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“It’s not getting any bids because people know the sordid history of the house, and nobody wants it,” says Denver-based bankruptcy attorney Clark Dray , who works with foreclosures. There is also the mortgage lender, water company, and local homeowners association.