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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$201,500

6704 S Sherrill Street, Tampa

This elevated home has 3 bedrooms and 2 full bathrooms. This is a wide open floor plan. Relax on the one of two porches overlooking the mangrove preserve. Plenty of parki...

  • Beds3
  • Baths2.5
  • SubDv.West Port
  • Zip Code33616

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$134,900

924 Edgehill Road, Valrico

Great opportunity to own and build your equity with this 3 BD/ 2 BA home in the well established Brandon Ridgeland neighborhood. Lot offers mature landscaping. This cute ...

  • Beds3
  • Baths2
  • SubDv.Brandon Ridgeland Unit 01
  • Zip Code33594

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$203,000

2610 Shilo Court, Valrico

Lovely 2 story home awaits your personal touch. Some of the features include 3 bedrooms, 2.5 baths, soaring ceilings, laminate flooring, good sized rooms and a sunny sp...

  • Beds3
  • Baths2.5
  • SubDv.Bloomingdale Sec R Unit 01
  • Zip Code33596

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$239,000

3803 Trapnell Ridge Drive, Plant City

This lovely 4 bedroom 2.5 bath home has a 2 car garage and is conveniently located in the Trapnell Ridge subdivision in Plant City. It features a large open kitchen with...

  • Beds4
  • Baths2.5
  • SubDv.Trapnell Ridge
  • Zip Code33567

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$294,000

20015 Oakflower Avenue, Tampa

Live Oak Preserve, resort-style community with clubhouse, pool, tennis, playground, fitness center. Beautiful 5 Bedroom, 4 bath home with 3 car garage situated on .17 ac...

  • Beds5
  • Baths4
  • SubDv.Live Oak Preserve Ph 2a Villages 09 10 11 & 14
  • Zip Code33647

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