Banks auction homes at fire-sale prices [South Florida]
Another sign of desperation in the South Florida housing market: banks tired of paying taxes and upkeep on foreclosed homes put 200 up for auction Saturday in Fort Lauderdale.
Ranging from the most modest one-bedroom efficiency condos to five-bedroom houses worth close to a million dollars at the height of the market, these once-dignified symbols of the American dream were reduced to tiny thumbnail photos in an auctioneer’s guidebook.
”It’s very bittersweet,” said Realtor Renee Dworkin, who accompanied several clients to the sell-off. “Each one of these homes represents heartache for someone.”