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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$237,000

8203 Orange Spring Drive, Ruskin

Well built MI home, Located in Cypress Creek, master planned community. This home is 2380 square feet featuring 5 bedroom, 3 full baths and a bonus room. Dining and Livin...

  • Beds5
  • Baths3
  • SubDv.Cypress Creek Ph 02
  • Zip Code33573

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$195,000

6704 N 33rd Street, Tampa

This 4 bedroom, 2 bath block home boasts over 1800 sq feet of living space and situated on .22 acre fenced lot. The enclosed porch has been converted to a bedroom. Ther...

  • Beds4
  • Baths2
  • SubDv.River Grove Estates Add
  • Zip Code33610

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$179,900

9727 Cypress Harbor Drive, Gibsonton

3 bedroom 2 bath home in East Bay Lakes! Located in a deed restricted area with park and community pool. Enjoy the convenience to I-75 and be minutes away from shopping,...

  • Beds3
  • Baths2
  • SubDv.East Bay Lakes
  • Zip Code33534

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$197,600

7505 Armand Circle, Tampa

Welcome home! lovely 4 bedroom 2 bath house located in the Town'n Country neighborhood! This property features a spacious floor plan, Formal dining area, Great master bed...

  • Beds4
  • Baths2
  • SubDv.Townn Country Park Sec 09 Unit 02
  • Zip Code33634

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$278,000

625 Chesney Drive, Valrico

You will love this spacious 4 bedroom 3 bath home with a 2 car garage. It features a large open kitchen with a great view of the living room and dining room. The kitchen ...

  • Beds4
  • Baths3
  • SubDv.Southern Oaks Grove
  • Zip Code33594

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