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
Contingent
3
BED
1
TOTAL BATHS
960
SQFT
2212 N 42nd Street
Fort Pierce, FL 34946
HARMONY HEIGHTS NO 4 Subdivision
$99,900
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
2,196
SQFT
2421 NW 64th Street
Boca Raton, FL 33496
OAK RUN Subdivision
$99,900
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,227
SQFT
28 0
Other County - Not In Usa, 7600
Chapadmalal Subdivision
New Listing - 3 days online
$99,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,208
SQFT
123 N 14th Street
Fort Pierce, FL 34950
Killer S/D Subdivision
$99,900
Single Family Home For Sale
Contingent
1
BED
1
TOTAL BATHS
832
SQFT
2055 NE Collins Circle #6100
Jensen Beach, FL 34957
SAVANNAS CLUB CONDO Subdivision
New Listing - 2 weeks online
$99,900
Single Family Home For Sale
Contingent
3
BED
2
TOTAL BATHS
1,286
SQFT
521 N 12th Street
Fort Pierce, FL 34950
LINCOLN PARK NO 2 Subdivision
$99,900
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
666
SQFT
2323 18th Ave
Miami, FL 33142
Unplatted Subdivision
New Listing - 5 days online
$99,990
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,351
SQFT
6735 Dulce Real
Fort Pierce, FL 34951
SPANISH LAKES FAIRWAYS LEASEHOLD ESTATES Subdivision
$99,999
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,698
SQFT
1968 47th Ter
Miami, FL 33142
17 AVE MANOR Subdivision
$100,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,443
SQFT
2313 N 41st Street
Fort Pierce, FL 34946
HARMONY HEIGHTS NO 4 Subdivision
Short Sale
$100,000
Single Family Home For Sale
Pending
2
BED
2
TOTAL BATHS
1,134
SQFT
26253 Bonita Fairways Circle
Bonita Springs, FL 34135
CAROUSEL COVE Subdivision
Short Sale
$100,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,129
SQFT
240 N Palm Drive
Boynton Beach, FL 33435
ROLLING GREEN RIDGE Subdivision
$100,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
L 1 Casa 36
Other County - Not In Usa, PA 0000
PARQUES DE STA LUCIA Subdivision
New Listing - 3 weeks online
$100,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
Carretera El Tuma La Dalia
Other City Value - Out Of Area, FL 0000
Hacienda La Estrellita Subdivision
New Listing - 3 weeks online
$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
New Listing - 10 hours online
$100,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1,303
SQFT
3020 96th St
Miami, FL 33147
AMD PLAT OF THE TROPICS Subdivision
New Listing - 17 hours online
$100,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,600
SQFT
1414 69th Ter
Miami, FL 33147
NORTH LIBERTY CITY AMD Subdivision
Price Change - 4 weeks ago
$102,900
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,259
SQFT
211 Mayport Ave NW
Palm Bay, FL 32907
R Subdivision
$104,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,218
SQFT
304 N 17th Street
Fort Pierce, FL 34950
MARY A MCCOLLUM'S SUBDIVISION Subdivision
$104,000
Single Family Home For Sale
Backup
3
BED
2
TOTAL BATHS
1,112
SQFT
618 53rd Street
West Palm Beach, FL 33407
North Palm Beach 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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