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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$508,000

12831 Darby Ridge Drive, Tampa

Auction Property. Carrollwood Crossing community is located in the highly desired Carrollwood area. Over 3500 square feet with 4 bedrooms, 3 bathrooms, & 3 car garage. No...

  • Beds4
  • Baths3
  • SubDv.Carrollwood Crossing
  • Zip Code33624

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$624,000

19719 Wellington Manor Boulevard, Lutz

Auction Property. Wellington Manor is a gated community in the highly desired Lutz area. Over 3900 square feet with 4 bedrooms, 3 bathrooms, 3 car garage, and a pool. No ...

  • Beds4
  • Baths3
  • SubDv.Wellington Manor Ph 2
  • Zip Code33549

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$487,600

16513 Turnbury Oak Drive, Odessa

Auction Property. Spacious home offer 4 bedrooms, 3 baths, large kitchen with breakfast bar and open to breakfast room, separate dining room, tiled great room with pool v...

  • Beds4
  • Baths3
  • SubDv.Turnberry At The Eagles-First
  • Zip Code33556

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$369,900

6802 N Wellington Avenue, Tampa

GREAT OPPORTUNITY for a CUTE 1920's SEMINOLE HEIGHTS 3 Bedroom, 2 Bath POOL & SPA HOME!!! Inside you'll find a large welcoming foyer with custom tile work, separate livi...

  • Beds3
  • Baths2
  • SubDv.Center Hill
  • Zip Code33604

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$1,125,000

18389 Wayne Road, Odessa

STUNNING GATED Custom Estate Home built in 2007 is perfectly situated on 2.5 Lush Acres!! Beautifully maintained Mediterranean inspired home features approximately 4500 ...

  • Beds4
  • Baths4
  • SubDv.Keystone Reserve Sub
  • Zip Code33556

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