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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1206 Hiddenwood Court, Valrico

Valrico Lakemont Community Pool Home! Built in 1978, this 2092 sq ft home has 4 bedrooms and 2 and 1/2 bathrooms as well as a 2 car garage, a rear screened lanai PLUS a P...

  • Beds3
  • Baths2
  • SubDv.Lakemont Unit 2
  • Zip Code33594

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6813 Waterton Drive, Riverview

Excellent opportunity to own this 3 bedroom, 2 bath single family home in the heart of Riverview. This home features high ceilings, an eat-in kitchen, a separate shower ...

  • Beds3
  • Baths2
  • SubDv.Lake St Charles Unit 11
  • Zip Code33578

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10610 Little Bend Lane, Riverview

Beautiful and well maintained home in South Fork. Featuring a screed lanai with hot tub and storage shed in the backyard. Spacious rooms and living area and convenient ...

  • Beds4
  • Baths2
  • SubDv.South Fork Unit 2
  • Zip Code33579

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11515 River Country Drive, Riverview

Excellent opportunity to own this 3 bedroom, 2 bath single family home located in the desirable Riverview area. This home has plenty of space for entertaining, inside an...

  • Beds3
  • Baths2
  • SubDv.Stoner Woods Sub Unit
  • Zip Code33569

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6933 Crown Lake Drive, Gibsonton

Nice home with lots of room in the Kings Lake Community. Tile floors downstairs. Attached 2 Car Garage, and utility room. Bedrooms are upstairs. Nice Dining area off ...

  • Beds4
  • Baths2.5
  • SubDv.Kings Lake Ph 2b
  • Zip Code33534

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