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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$362,000

Dover

You will love this spacious 5 bedroom, 3 bath home with a 3 car garage that is in a gated community. The property is located in a very desirable area of Dover. The downst...

  • Beds5
  • Baths3
  • Zip Code33527

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$360,000

18101 Fairpoint Place, Lutz

Gated Community of The Manors at Crystal Lakes, with 4 bedroom, 2 bathroom, pool home, with 2887 sqaure feet of living, and a 2 car garage on a large corner lot. Steinbre...

  • Beds4
  • Baths2
  • SubDv.Manors At Crystal Lakes
  • Zip Code33548

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$229,000

112 Crenshaw Lake Road, Lutz

Great opportunity to own over a half acre in Lutz in a fantastic location. This home has many possibilities..great for someone who may have a home buisness or someone wit...

  • Beds3
  • Baths3
  • SubDv.Duque Road
  • Zip Code33548

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$280,800

11664 Fox Creek Drive, Tampa

A steal of a deal for this 4 bed, 2.5 bath POOL home located on a quiet cul-de-sac in beautiful Countryway. With over 2,500Sq.Ft., this home has plenty of space and a gr...

  • Beds4
  • Baths2.5
  • SubDv.Countryway Tr 16
  • Zip Code33635

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$129,000

5324 Lime Avenue, Seffner

This Mango Hills property boasts a total of 1952 square fest of living space. The main home has 1512 SF with 4 bedrooms and 3 baths and large eat in kitchen. There is ...

  • Beds4
  • Baths3
  • SubDv.Mango Hills Add
  • Zip Code33584

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