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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$269,900

1318 Riverfield Court, Valrico

Nice Large 1 Story Ranch Home with 4 Bedrooms and 3 Bathrooms with a 3 Car Garage and Very Nice Pool and Deck area for Out Door Grilling and eating. Location is very near...

  • Beds4
  • Baths2
  • SubDv.River Crossing Estates Ph 3
  • Zip Code33596

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$229,900

3212 Azalea Blossom Drive, Plant City

Beautful 2 story in Magnolia Green! Bult in 2006, this 2854 square foot home offers a downstairs with plenty of room. Formal living and dining rooms as well as a large...

  • Beds4
  • Baths2.5
  • SubDv.Magnolia Green Ph 1
  • Zip Code33567

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$160,000

5610 Santa Monica Drive, Tampa

Conveniently located in the Town ‘N Country area of Tampa. Ranch style pool home with 3 bedrooms and 2 full bathrooms. Large lanai area leads to in-ground pool and fenc...

  • Beds3
  • Baths2
  • SubDv.Townn Country Park Un 07
  • Zip Code33615

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$168,700

515 Sandy Creek Drive, Brandon

This 3 bedroom 2 bath ranch features great room with fireplace, tile and laminate flooring, lots of windows, separate dining and private pool. Work is needed to ready thi...

  • Beds3
  • Baths2
  • SubDv.Bloomingdale Sec H Unit 2
  • Zip Code33511

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$374,900

Tampa

BEAUTIFUL 4/3 pool home in Carrollwood at the end of a cul de sac and directly on the golf course! The pool is currently being re marcited. Picturesque views of the golf...

  • Beds4
  • Baths3
  • Zip Code33618

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