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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$324,900

2634 Red Fern Drive, Dover

Beautiful home located on a conservation lot in a very quiet – peaceful neighborhood. You'll find a 2,826 SqFt heated,4 Bedrooms, 3 ½ Baths, 3 Car Garage, located in a ...

  • Beds4
  • Baths3.5
  • SubDv.Mitigation Area Floodplain Com
  • Zip Code33527

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$169,900

4605 Copper Lane, Plant City

Cool Pool!!! Hot Price!!! 3 bedroom, 2 bath pool home with a 2-car attached garage and NO BACK YARD NEIGHBORS!! All new carpeting, paint, A/C, kitchen appliances kitchen...

  • Beds3
  • Baths2
  • SubDv.Country Hills Unit 02 C
  • Zip Code33566

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$152,000

508 Clarissa Drive, Brandon

In the heart of South Brandon, welcome to this supersized almost 1 acre corner lot next to a retention area ~ 3 bedrooms, 2 bathrooms, a 2 car garage, craft room, large p...

  • Beds3
  • Baths2
  • SubDv.Colonial Heights
  • Zip Code33511

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$499,000

3912 W San Nicholas Street, Tampa

Beautiful 3 bedroom, 2 bath pool home boasts 2079 SF of living space, 1 car garage and .24 acre fenced lot. The home has recently been updated with new interior paint, e...

  • Beds3
  • Baths2
  • SubDv.Southland Add
  • Zip Code33629

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$224,000

12734 Kings Lake Drive, Gibsonton

This is a HUD home and the window of opportunity to place a bid is VERY small. PRE-APPROVAL OR PROOF OF FUNDS REQUIRED PRIOR TO PLACING A BID. As you would expect priced...

  • Beds4
  • Baths3
  • SubDv.Kings Lake Ph 2a
  • Zip Code33534

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