Are you interested in buying foreclosed homes?

Buying a foreclosed home in today's market is still a possibility. While the inventory of foreclosures is not as high in the Tampa Bay area as it has been in the recent years past, there are still foreclosed homes on the market.

What is a foreclosed home?

Foreclosure signA foreclosed home is a home that has already gone through the foreclosure process and is back on the real estate market ready for a new owner. You may be familiar with the terms foreclosure, REO (Real Estate Owned), or bank-owned properties. All of these terms refer to homes that have gone through the foreclosure process and are back on the market.

It is important to understand the circumstances and risks involved when buying foreclosed homes. Many times a foreclosure or bank-owned property is sold "as is" meaning that the seller, bank, or investor will not make repairs to the property before closing. The home is being sold in the "as is" condition the home is in when you look at the property. An "as is" property often requires a different real estate contract to be used when making an offer on a foreclosure. Working with a REALTOR® who understands the contracts and due diligence process is recommended when buying foreclosed homes.

Recently Listed Foreclosed Homes

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$599,900

3601 W Bay To Bay Boulevard, Tampa

Now Available in Palma Ceia! Come see this charming Triplex with tons of potential! Main house is approx. 1932 sqft with a duplex in the rear of the property. Main house ...

  • Beds5
  • Baths4
  • SubDv.Virginia Park
  • Zip Code33629

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$234,000

1907 Lido Drive, Brandon

WELCOME HOME! NO HOA or CDD Covered/Screened in Pool Home! Park your boat, store your lawn and miscellaneous equipment hassle free. NO DEED RESTRICTIONS. Home is perfectl...

  • Beds4
  • Baths2
  • SubDv.Hickory Hammock Unit 1
  • Zip Code33511

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$233,500

2517 Cross More Street, Valrico

Spacious home in a great area located just off of Hwy 60 in Valrico. Home offers a large upstairs master bedroom and bath and large kitchen that opens to the living room...

  • Beds4
  • Baths3
  • SubDv.Crosby Crossings
  • Zip Code33594

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$200,000

3606 Greenrock Place, Valrico

Four-bedroom, 2-bath, pool home in the Bloomingdale subdivision. Conveniently located near parks, shops, restaurants and schools. Great home to put your mark on. Nice,...

  • Beds4
  • Baths2
  • SubDv.Bloomingdale Sec A Unit 1
  • Zip Code33596

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$298,000

8305 Summer Grove Road, Tampa

Two story 4 bedroom / 4 full bath pool home in gated section of West Meadows! Home has 3851sf of living space. Great functional floor plan will appeal to most buyers. ...

  • Beds4
  • Baths4
  • SubDv.West Meadows Prcl 6 Ph 1
  • Zip Code33647

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