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.

[showcaseidx_widget_contact”]

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

 

 

New Listing - 4 weeks online
$99,900
Single Family Home For Sale
Backup
2
BED
1
TOTAL BATHS
872
SQFT
107 Tropic Court
Fort Pierce, FL 34946
SHERATON PLAZA UNIT 2 REPLAT Subdivision
$99,900
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,310
SQFT
2928 Eagles Nest Way
Port Saint Lucie, FL 34952
Eagles Retreat @ Savanna Club Phase 2 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
$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
$109,500
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
561
SQFT
1181 W 32nd Street
Riviera Beach, FL 33404
DUNBAR TERR Subdivision
New Listing - 3 weeks online
$109,500
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
792
SQFT
1902 Avenue N
Fort Pierce, FL 34950
SOUTHERN PINES Subdivision
$109,900
Single Family Home For Sale
Contingent
1
BED
1
TOTAL BATHS
1,200
SQFT
1833 Copenhaver Road
Fort Pierce, FL 34945
PARKWAY GROVES ESTATES UNIT 1 Subdivision
Price Change - 2 weeks ago
$109,900
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,530
SQFT
6777 Picante Circle
Fort Pierce, FL 34951
SPANISH LAKES FAIRWAYS NE PHASE Subdivision
$109,900
Single Family Home For Sale
Pending
2
BED
1
TOTAL BATHS
799
SQFT
6117 NW 25 Ave
Miami, FL 33142
SPRING HILL Subdivision
Price Change - 4 weeks ago
$110,000
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,420
SQFT
14151 Cisne Circle
Fort Pierce, FL 34951
SPANISH LAKES FAIRWAYS NE PHASE Subdivision
Price Change - a week ago
$110,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1,072
SQFT
519 N 19th N Street
Fort Pierce, FL 34950
ALAMANDA VISTA SUBDIVISION Subdivision
Price Change - 3 weeks ago
$113,900
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,451
SQFT
4 Arboles Del Norte
Fort Pierce, FL 34951
SPANISH LAKES COUNTRY CLUB VILLAGE LEASEHOLD ESTATES Subdivision
Open House Sun, Jan 24, 1 PM UTC
Please verify times due to COVID-19
$114,000
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,451
SQFT
14442 Azucena Court
Fort Pierce, FL 34951
SPANISH LAKES FAIRWAYS LEASEHOLD ESTATES Subdivision
$114,900
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,049
SQFT
1835 50th Avenue
Vero Beach, FL 32966
TROPICOLONY INC NO 3 Subdivision
New Listing - 2 weeks online
$115,000
Single Family Home For Sale
Pending
2
BED
1
TOTAL BATHS
832
SQFT
1814 Miami Court
Fort Pierce, FL 34950
TUCKER TERRACE Subdivision
$115,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
Calle 36 #4521 4521
, FL 00000
Palmira valle Subdivision
$115,000
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,445
SQFT
50 San Luis Obispo
Fort Pierce, FL 34951
SPANISH LAKES COUNTRY CLUB VILLAGE LEASEHOLD ESTATES Subdivision
$115,000
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,351
SQFT
6734 Spanish Lakes Boulevard
Fort Pierce, FL 34951
SPANISH LAKES FAIRWAYS LEASEHOLD ESTATES Subdivision
$115,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1042 5th Street
Bulkhead Ridge, FL 34974
Buckhead Ridge Subdivision
$117,000
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
10709 Clairmont Circle
Tamarac, FL 33066-1225
CLAIRMONT 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]


Pages

Free Skype Call to Home Max Realty International

Pages

Pages

Free Skype Call to Home Max Realty International