How much can you save on a short sale in Panama City, FL? The short sale process in Panama City, FL, for a buyer can be very profitable if the situation includes a motivated seller and a cooperative lender. Find the best short sale homes and bank-approved listings available in Panama City, FL, at Foreclosure.com today for as much as 75% off market value. There are currently 8 short sale homes in Panama City, FL, available for potential sale right now. Get the most current list of short sale listings in Panama City, FL — and the information and tools to buy them fast — at Foreclosure.com.
Panama City is a city and the county seat of Bay County, Florida, United States. Located along U.S. Route 98, it is the largest city between Tallahassee and Pensacola. It is the more populated of two principal cities of the Panama City-Lynn Haven, Florida Metropolitan Statistical Area. As of the 2010 census, the city population was 36,484. The city faced extensive damage after Hurricane Michael on October 10, 2018.
The development in this once unincorporated part of Northwest Florida had previous names such as Floriopolis, Park Resort, and Harrison. In 1906, the development was named Panama City and it was first incorporated as Panama City in 1909. According to the Panama City Public Library's A History of Panama City, George Mortimer West hoped to spur real estate development in Bay County during a period of intense popular interest in the construction of the Panama Canal by changing the town's name from Harrison to Panama City, because a straight line between Chicago and the capital of the Central American country of Panama intersected the Florida town. Additionally, since required meanders around land formations in a seaborne route to the canal added distance when starting at other ports, Panama City was the closest developed port in the US mainland to the Caribbean entrance of the Panama Canal.
As of the census of 2010, there were 36,484 people, 14,792 households, and 8,613 families residing in the city.
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