What does “in foreclosure” mean on a listing?

An MLS can mark a listing as in foreclosure or pre-foreclosure. In the RESO Data Dictionary, “In Foreclosure” means the property is “currently in the process of foreclosure”; “pre-foreclosure” is not defined there. RESO defines this field as describing “the type of sale … at the time of listing,” and a listing’s status can change after that. For a specific home, ask its listing agent what the status means and where the sale stands.

What is a bank-owned (REO) home?

An MLS can mark a listing as bank-owned or lender-owned, also called REO (“real estate owned”). In the RESO Data Dictionary, “Real Estate Owned” means the property is “currently owned by a bank/lender.” RESO defines this field as describing “the type of sale … at the time of listing,” and a listing’s status can change after that. For a specific home, ask its listing agent about the home’s condition and what an offer needs.

What is a short sale?

An MLS can mark a listing as a short sale, or as a potential or possible short sale. In the RESO Data Dictionary, a short sale “may require bank approval,” so an accepted offer may need the lender’s approval before the sale can close. For a specific home, ask its listing agent whether the sale needs that approval and whether it has been given.

What does an auction listing mean?

An MLS can mark a listing as an auction or as sold under auction terms. MLS rules differ on the price an auction listing shows: depending on the MLS, it can be a starting or minimum bid, a reserve price, or an assessed, tax or market value, so it may not be what the home sells for. For a specific home, read the auction’s terms and ask its listing agent how bidding works before you bid.

What does “notice of default” mean on a listing?

An MLS can mark a listing with a notice of default. In the RESO Data Dictionary, this status means “there is a notice of default on the listed property.” RESO defines this field as describing “the type of sale … at the time of listing,” and a listing’s status can change after that. For a specific home, ask its listing agent what the notice means for the sale and where the sale stands.

Foreclosures & Short Sales in Miami Beach, FL

Map layers

Safety

Sex offendersRegistered offenders, from official state registriesCamerasLicense-plate readers, CCTV and more, as mapped on OpenStreetMap

Foreclosures & Short Sales in Miami Beach, FL

Your Miami Beach agent

Listing data & MLS disclosures

About Foreclosures & Short Sales in Miami Beach, FL

What does “in foreclosure” mean on a listing?

What is a bank-owned (REO) home?

What is a short sale?

What does an auction listing mean?

What does “notice of default” mean on a listing?

Listing data & MLS disclosures

Your Miami Beach agent

Miami Beach housing market

Homes that sold · County records, as of Sep 17, 2026

Homes on the market · MLS, as of Sep 27, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 11, 2026

Miami Beach, FL community profile

Explore Miami Beach homes

Your Miami Beach agent

Miami Beach, FL community profile

Miami Beach housing market

Homes that sold · County records, as of Sep 17, 2026

Homes on the market · MLS, as of Sep 27, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 11, 2026