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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$445,000

13307 Waterford Run Drive, Riverview

Executive gated community of Waterford on the Alfia. This is a hidden gem waiting to be brought back to it's glory. Situated atop an elevated lot, this large home has gre...

  • Beds4
  • Baths3
  • SubDv.Waterford On The Alafia
  • Zip Code33569

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$1,500,000

5001 Troydale Road, Tampa

Opportunity awaits!! Rare find for this price! This gorgeous luxury residence of nearly 7000 sq ft, offers 6 spacious bedrooms each with their own full bathroom, study, b...

  • Beds6
  • Baths6
  • SubDv.Unplatted
  • Zip Code33615

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$349,900

10542 Lucaya Drive, Tampa

One or more photo(s) has been virtually staged. Impressive 4 bedroom, 2.5 bathroom pool home located in the desirable Heritage Isles! This beautifully remodeled home offe...

  • Beds4
  • Baths2
  • SubDv.Heritage Isles Phase 2d
  • Zip Code33647

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$222,600

12429 Cedarfield Drive, Riverview

Auction Property. Investment opportunity available this ranch home offers 4 bedrooms, 2 baths and features include spacious open eat in kitchen, separate dining room, fam...

  • Beds4
  • Baths2
  • SubDv.South Cove Ph 1
  • Zip Code33579

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$189,900

11405 Coconut Island Drive, Riverview

One story single family home with 4 bedrooms / 2 full baths and attached 2 car garage in Rivercrest community. Layout includes spacious kitchen and open living and dinin...

  • Beds4
  • Baths2
  • SubDv.Rivercrest Ph 2 Prcl N
  • Zip Code33569

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