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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513 Pine Lane, Brandon

Spacious ranch style home with converted garage for additional living space. The home has a front entry that lads to the combined living and dining room. Sliders lead f...

  • Beds4
  • Baths2
  • SubDv.Four Winds Estates
  • Zip Code33511

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9007 Egret Cove Circle, Riverview

Welcome to the Pavilion. A highly sought after community in Riverview. This 3/2 home with a fenced back yard is perfect for a growing family. A split bedroom plan with ...

  • Beds3
  • Baths2
  • SubDv.Pavilion Ph 03
  • Zip Code33578

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403 S Newport Avenue Unit 1, Tampa

Gorgeous 3 bedroom, 2/1 bath Townhome is located in the highly desirable Hyde Park area of South Tampa. Conveniently located to restaurants, shopping, nightlife and Baysh...

  • Beds3
  • Baths2.5
  • SubDv.Baywood Resub
  • Zip Code33606

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12804 Slippery Elm Court, Riverview

NO CDD! Low HOA! This home features about 1627 sq ft living space with 3 bedroom 2 bath, a den and 2 car garage located in the lovely Summerfield area. Enjoy your screene...

  • Beds3
  • Baths2
  • SubDv.Summerfield Village 1 Tract 26 Phase 3
  • Zip Code33579

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115 Kiana Drive, Brandon

Brand new roof on this Hickory Lakes 2 story home. 3 bedrooms, 3 bathrooms and a 2 car garage with an upstairs bonus room in the central South Brandon location ~ easy ac...

  • Beds3
  • Baths2
  • SubDv.Hickory Lakes Ph 01
  • Zip Code33511

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