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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$510,000

5630 Skimmer Drive, Apollo Beach

Welcome to Mirabay, a highly sought after waterfront community in the heart of Apollo Beach. This 3/3 waterfront/pool home is here to impress. This lovely home is spacio...

  • Beds3
  • Baths3
  • SubDv.Mirabay Ph 1a
  • Zip Code33572

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$325,000

8821 Van Fleet Road, Riverview

Wow, this is a full renovated 4 bedroom home with a formal living room, separate family room, over-sized 2 car garage; new roof, new appliances, new cabinets and granite ...

  • Beds4
  • Baths3
  • SubDv.Unplatted
  • Zip Code33578

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$299,900

9612 Wydella Street, Riverview

Newly renovated four bedroom three bath home in Riverview. Granite counter tops, new appliances, all new flooring throughout and new sod and landscaping! This home feat...

  • Beds4
  • Baths3
  • SubDv.Cristina Ph 3 Unit 4
  • Zip Code33569

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$139,900

5222 Sunridge Palms Drive, Tampa

AMAZING LOCATION located across the street from USF Campus!! This adorable townhome offers 3 Beds / 2.5 Baths, 1,192 square feet of living space with tons of potential! D...

  • Beds3
  • Baths2
  • SubDv.Sunridge Of Tampa Bay A Condom
  • Zip Code33617

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$396,000

14683 Village Glen Circle, Tampa

Auction Property. Great opportunity to live in a highly sought after neighborhood of Carrollwood Village! This home has 3 bedrooms, 2 bathrooms with almost 2,000 sq ft of...

  • Beds3
  • Baths2
  • SubDv.Top Of The Village
  • Zip Code33618

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