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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$202,500

7921 Moccasin Trail Drive, Riverview

Handsome 2 story home in Parkway Center home with VIEWS OF THE POND! 4 bedrooms, 2 1/2 bathrooms plus a 2 car garage - Over 2000 heated SF that include both a formal liv...

  • Beds4
  • Baths2.5
  • SubDv.Parkway Center Single Family P
  • Zip Code33578

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$141,000

4027 Amber Road, Valrico

4 bedroom, 2 bath mobile home located in Valrico on .49 acre Case#093-810745 (IE) FHA financing is available. Is subject to FHA appraisal. Buyer selects Closing Agent/Fir...

  • Beds4
  • Baths2
  • SubDv.Unplatted
  • Zip Code33594

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$260,000

6734 Clair Shore Drive, Apollo Beach

This is a 4-bedroom 3-bathroom 3-car garage Pool home. The master suite has a huge walk-in closet separate shower and soaker garden tub. No rear neighbors on the large 89...

  • Beds4
  • Baths3
  • SubDv.Lake St Clair Ph 3
  • Zip Code33572

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$250,000

821 White Heron Boulevard, Ruskin

This terrific value is a waterfront home with direct access to Tampa Bay. Located at the end of a cul-de-sac this 3 bedroom 2 bath 1641sqft home has 181ft of water fronta...

  • Beds3
  • Baths2
  • SubDv.Point Heron
  • Zip Code33570

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$205,000

4105 Copper Canyon, Valrico

DO NOT DISTURB OCCUPANT 4 bedroom 2 bath single family home located in Copper Ridge subdivision. Easy access to HWY 60, shopping, and excellent restaurants. Make an offer...

  • Beds4
  • Baths2
  • SubDv.Copper Ridge Tract C
  • Zip Code33594

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