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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$149,000

9406 Bullfrog Court, Gibsonton

GREAT Opportunity for Country style charmer on just over half acre in Gibsonton. Cute curb appeal with a country style front porch and detached 2 car garage. The home is ...

  • Beds3
  • Baths3
  • SubDv.Bullfrog Creek Estates
  • Zip Code33534

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$233,200

18133 Leafwood Circle, Lutz

This ranch home features 3 bedrooms, 2 baths, spacious kitchen with breakfast bar, vaulted ceilings, large great room, wood laminate and tile floors and rear covered pati...

  • Beds3
  • Baths2
  • SubDv.Calusa Trace Un 09 Ph 01
  • Zip Code33558

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$140,000

10922 Keys Gate Drive, Riverview

This sought after 3BR/2.5BA corner location has been freshly painted, spruced up, and is ready to go! Bright, open and airy floorplan that is completely neutral...making...

  • Beds3
  • Baths2.5
  • SubDv.Summerfield Village 01 Tr 02 Ph 03 04 & 05
  • Zip Code33579

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$188,500

409 Bryan Oak Avenue, Brandon

South Brandon home on .32 acre wooded lot - no deed restrictions! This 2 story home has much to offer with its' very workable floor plan. The first level of the home of...

  • Beds4
  • Baths3
  • SubDv.Bryan Oaks
  • Zip Code33511

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$499,500

6814 Valrie Lane, Riverview

This home is located off the Alafia River. This home boast large rooms throughout the home. This is a great home if you are ready to remodel and with your vision you ca...

  • Beds4
  • Baths2.5
  • SubDv.Four Winds Estates
  • Zip Code33569

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