Date set for Florida real estate auction

An auction focusing on the sale of real estate in Florida is to take place next month, it has been announced.

The Florida Estate Settlement Land Auction, which is being organised by United Country Certified Real Estate, is due to take place on March 7th at Live Oak in the state, Trans World News reports.

Property investors who are considering purchasing homes in Florida may wish to observe the outcome of the land auction, as the winning bidder may choose to use the space to develop new homes, which could become an ideal target for investors.

"This Florida real estate auction gives buyers an amazing opportunity; being able to purchase north-west Florida properties at buyers' prices is simply unheard of," Myers Jackson of United Country told the news source.

Last week president Barack Obama launched a new plan to reduce the number of foreclosure taking place across the country, something that could impact the price of US property in the coming months.

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