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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$279,900

1002 Larwood Pine Drive, Ruskin

GREAT Opportunity for a 3 Bedroom, 2 Bath, 2 Car Garage Home in College Chase Subdivision!! Terrific little community with a POOL, LOW HOA, and NO CDD fees! This OPEN F...

  • Beds3
  • Baths2
  • SubDv.College Chase Ph 2
  • Zip Code33570

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$389,900

12121 Fern Blossom Drive, Gibsonton

One of the largest homes in the South Bay Lakes area. Huge bonus room, recessed lighting, art niches, wood cabinets, tile, huge walk-in closet, laundry room. Come see th...

  • Beds3
  • Baths2.5
  • SubDv.South Bay Lakes Unit 1
  • Zip Code33534

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$484,900

20005 Nob Oak Avenue, Tampa

Located in the Desirable Gated Community of Live Oak, this home features 4 spacious bedrooms and 2.5 baths. As you walk in front door, you re awed by the 20 ceilings in...

  • Beds4
  • Baths3
  • SubDv.Live Oak Preserve Ph 1b Village
  • Zip Code33647

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$390,000

3231 Alcott Avenue, Plant City

Walden Lake is a gorgeous master planned community with 30 individual neighborhoods of well maintained streets, sidewalks and bicycle paths. This is a neighborhood that i...

  • Beds3
  • Baths2
  • SubDv.Walden Lake Unit 33 2 Ph B
  • Zip Code33566

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$290,000

6708 Hidden Hills Court, Tampa

This spacious home is located on the corner of a quiet tree lined cul-de-sac street in the TIMBERLANE subdivision of Town N’ Country. With just a little bit of love and...

  • Beds3
  • Baths2
  • SubDv.Timberlane Sub Unit 1
  • Zip Code33615

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