I am an Award Winning builder and we do build in that area, and fortunately none of them are ours, as we did not participate in any speculative building, but most importantly; we did not offer sub prime end loans to customers under the false pretense that there would be an easy "flip". Being old fashioned, our customers still have to get a construction loan to build a new home. I am also licensed in real estate, and what you are interested in is being pitched with the same "false fervor" that caused the problem initially. Keep in mind, nothing that comes with "value" is easy, and "good deals" are always defined as GOOD by those who stand to make money on them themselves. Many of the homes you see, have monumentsal problems when it comes to a purchase and "real property closing". One, they are often smothered in Florida's lien laws, and it will be difficult to get clear title, as well as timely.
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