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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$204,900

10229 George Smith Road, Lithia

This four bedroom 2.5 manufactured home features new carpet, laminate, interior paint and applicances a/c unit was done in 2018 and the outside electrical panel was redo...

  • Beds4
  • Baths2
  • SubDv.Unplatted
  • Zip Code33547

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$165,000

10436 George Smith Road, Lithia

Auction Property. This 2 story home offers 3 bedroom, 2.5 baths, kitchen open to dining area, family room, living room and rear screened patio all situated on a spacious ...

  • Beds3
  • Baths2
  • SubDv.Unplatted
  • Zip Code33547

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$219,300

10814 Wrigley Court, Riverview

Plenty of living space in this two story home on a huge corner site! The home feels so much larger than its square footage states. Downstairs you will find a light and br...

  • Beds3
  • Baths2
  • SubDv.Summerfield Village
  • Zip Code33579

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$649,900

5518 Garden Arbor Drive, Lutz

Newly renovated Villarosa executive style pool home situated on a large lot facing the nature preserve. This is a very spacious home with an amazing split bedroom floor ...

  • Beds5
  • Baths3
  • SubDv.Villarosa O
  • Zip Code33558

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$196,500

8208 Clermont Street, Tampa

This home has 3 bedrooms, 2 baths, with an attached one-car garage with a new garage door opener. It also has NEW Carpets in the master and a fenced-in back yard. This ...

  • Beds3
  • Baths2
  • SubDv.Riverdale Sub Ph 2
  • Zip Code33637

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