Florida Bank Owned Homes and REO Properties

Florida Bank Owned Homes and REO Properties

Florida Bank Owned Homes & REO Properties Free Bank Owned Search

Florida Bank Owned Homes and REO Properties

Real estate owned (REO) properties, also known as foreclosures, are homes or properties that are bank-owned. If you’re thinking of buying an REO property, there may be great options that are right for you, but the process of buying bank-owned properties is different than that of a traditional purchase.  You’ll want to work with an experienced REO real estate broker who understands what makes buying  Bank-owned homes different.

Home Max Realty International has a years of experience in dealing with REO properties and foreclosures and makes it easier to find bank-owned homes for sale. With our extensive  bank-owned homes listings, you can locate, buy, and sell and flip properties.

We bring the latest information on foreclosure processes  to help you make informed decisions when it comes to bank-owned and REO properties. We provide current pricing of bank-owned properties for sale, so you can find the best opportunities for investing or home buying.

Use the form below to get latest free list of Bank Owned properties in your area. Keep in mind that the banks does not sell these properties directly. When you locate a property you’re interested in, please contact Home Max Realty international for more information.

FREE LIST OF FLORIDA BANK OWNED REO HOMES

Florida Bank Owned Homes and REO Properties

Please fill out our information and type Bank Owned List to message line and we will set up a free automatic updates for you.

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Florida Bank Owned Homes and REO Properties

Florida Bank Owned Homes and REO Properties

Florida Bank Owned Homes and REO Properties

For Sale from $99,900

 

 

$99,900
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,530
SQFT
6706 Gaviota
Fort Pierce, FL 34951
SPANISH LAKES FAIRWAYS NE PHASE Subdivision
Price Change - 2 weeks ago
$99,900
Single Family Home For Sale
Contingent
3
BED
1
TOTAL BATHS
1,292
SQFT
208 Southern Avenue
Fort Pierce, FL 34950
INDIAN HILLS ESTATES Subdivision
$99,900
Single Family Home For Sale
Pending
3
BED
1
TOTAL BATHS
881
SQFT
3141 S 7 Street
Fort Pierce, FL 34982
Silver Lake Park Subdivision
$99,999
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,218
SQFT
304 N 17th N Street
Fort Pierce, FL 34950
MARY A MCCOLLUM'S SUBDIVISION Subdivision
$100,000
Single Family Home For Sale
Pending
3
BED
4
TOTAL BATHS
2,818
SQFT
10124 Spyglass Way
Boca Raton, FL 33498
STONEBRIDGE Subdivision
$100,000
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,796
SQFT
4786 SW Lorne Court
Palm City, FL 34990
PIPERS LANDING PLAT 3 Subdivision
$100,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
5,382
SQFT
Calle E Barrio Las Flores Edernales, Republica Dominicana
, OH
Calle E Barrio Las Flores Subdivision
$100,000
Single Family Home For Sale
Pending
2
BED
1
TOTAL BATHS
736
SQFT
21450 SW 120th Ave
Miami, FL 33177
DIXIE PINES 2ND REV Subdivision
New Listing - 3 weeks online
$104,000
Single Family Home For Sale
Contingent
2
BED
2
TOTAL BATHS
1,419
SQFT
52 Silver Oak Drive
Port Saint Lucie, FL 34952
Spanish Lakes Subdivision
New Listing - 3 weeks online
$104,995
Single Family Home For Sale
Pending
2
BED
1
TOTAL BATHS
1,052
SQFT
1154 SE Preston Lane
Port Saint Lucie, FL 34983
PORT ST LUCIE SECTION 3 Subdivision
$105,000
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
640 SE Us Hwy 441
Okeechobee, FL 34974
Sleepy Shores Subdivision
New Listing - 20 hours online
$108,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,722
SQFT
1114 NW 76th St
Miami, FL 33150
STEPHEN MANOR Subdivision
$108,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
13768 W Hgwy 90
Other City - In The State Of Florida, FL 32060
Suwannee County Subdivision
Price Change - a week ago
$109,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
904
SQFT
2108 Avenue P Avenue
Fort Pierce, FL 34950
SOUTHERN PINES Subdivision
$109,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,030
SQFT
903 38th Street
West Palm Beach, FL 33407
Northwood Add Subdivision
$109,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,593
SQFT
8266 Quail Meadow Way
West Palm Beach, FL 33412
IBIS GOLF AND COUNTRY CLUB 3 Subdivision
$109,900
Single Family Home For Sale
Active
1
BED
1
TOTAL BATHS
1,200
SQFT
1833 Copenhaver Road
Fort Pierce, FL 34945
PARKWAY GROVES ESTATES UNIT 1 Subdivision
$109,900
Single Family Home For Sale
Contingent
3
BED
1
TOTAL BATHS
1,170
SQFT
3141 Naylor Terrace
Fort Pierce, FL 34982
Silver Lake Park Subdivision
$109,900
Single Family Home For Sale
Active
2
BED
3
TOTAL BATHS
1,918
SQFT
2124 NW 53rd St
Boca Raton, FL 33496
CEDAR CAY Subdivision
Price Change - 3 weeks ago
$110,000
Single Family Home For Sale
Pending
3
BED
1
TOTAL BATHS
1,021
SQFT
717 54th Street
West Palm Beach, FL 33407
NORTH PALM BCH 4 Subdivision

 

Florida Bank Owned Homes and REO Properties Wiki Info:

Real estate owned or REO is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.[1]

A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of this foreclosure property, such as with a high loan-to-value mortgage following a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset (non-performing asset).

Process

As soon as a property goes into a distressed status (the borrower/home owner misses mortgage payments) the beneficiary will want to determine the amount of equity that the property has. A popular method to determine the equity is to obtain a Broker’s Price Opinion (BPO) or order an appraisal. Based on the amount of equity that is determined from the BPO, the bank will decide whether to allow a short sale (if requested by the homeowner). If no short sale is requested by the home owner, the beneficiary will continue the foreclosure process. If the beneficiary is unable to sell the property through a short sale or at a foreclosure auction it will now become an REO property.

The beneficiary will remove the liens and other debts on the home and try to resell it to the public, either through future auctions or direct marketing through a real estate broker.

The asset manager may also try to contact REO realtors that specialize in certain ZIP codes to help sell this bank owned property. Real estate investors will often purchase these properties because of discounts offered to compensate for the condition of the property.

Many larger banks and government institutions have REO/asset management departments that field bids and offers, oversee up keep, and handle sales. Some REO properties on the open market will be listed in MLS by the broker who performed the BPO.[citation needed]


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