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
3
BED
2
TOTAL BATHS
2,306
SQFT
2101 NW Greenbriar Ln
Palm City, FL 34990
HARBOUR RIDGE -GREENBRIAR Subdivision
New Listing - 5 days online
$99,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
10128 Spyglass Way
Boca Raton, FL 33498
Stonebridge Tr P Subdivision
$99,900
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1,290
SQFT
3975 46th Place
Vero Beach, FL 32967
PINEVIEW PARK SUB NO 2 Subdivision
Price Change - 2 weeks ago
$99,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,617
SQFT
8000 NW 70th Ave
Tamarac, FL 33321
HEATHGATE 3RD ADD Subdivision
New Listing - a week online
$99,900
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
912
SQFT
484 W Beresford Road
Deland, FL 32720
Collier Park Subdivision
$99,900
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,227
SQFT
28 0
Other County - Not In Usa, FL 7600
Chapadmalal Subdivision
$99,990
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,631
SQFT
1620 NW 19th Ave
Pompano Beach, FL 33069
POMPANO Subdivision
Price Change - a week ago
$99,999
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
793
SQFT
2062 NW 86th St
Miami, FL 33147
EVERGLADES AVE HTS ADDN Subdivision
Short Sale
$99,999
Single Family Home For Sale
Active
1
BED
1
TOTAL BATHS
680
SQFT
521 SW 5th Avenue
Hallandale Beach, FL 33009
SW1/4 OF NE1/4 OF SE1/4 L Subdivision
$100,000
Single Family Home For Sale
Backup Contract Call La
3
BED
2
TOTAL BATHS
3,054
SQFT
Address Withheld
Fort Lauderdale, FL 33311
RIVER BEND Subdivision
$100,000
Single Family Home For Sale
Pending Sale
4
BED
2
TOTAL BATHS
304
SQFT
13110 SW 7th Pl
Davie, FL 33325
Saga Estates SEC 1 Subdivision
$100,000
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
1,225
SQFT
1726 NW 63rd St
Miami, FL 33147
LIBERTY CITY Subdivision
$100,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
185 Manuel Bandeira
Other County - Not In Usa, FL 334000
Bairro Jardim IPE Subdivision
$100,000
Single Family Home For Sale
Active With Contract
2
BED
1
TOTAL BATHS
994
SQFT
2470 NW 55th St
Miami, FL 33142
BREEZY PARK Subdivision
$100,000
Single Family Home For Sale
Pending Sale
2
BED
1
TOTAL BATHS
888
SQFT
2736 NW 6th Ct
Fort Lauderdale, FL 33311
WASHINGTON PARK THIRD ADD Subdivision
New Listing - a week online
$100,000
Single Family Home For Sale
Active
8
BED
2
TOTAL BATHS
1,669
SQFT
1717 NW 67th St
Miami, FL 33147
LIBERTY CITY 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
$100,000
Single Family Home For Sale
Pending Sale
3
BED
2
TOTAL BATHS
1,417
SQFT
541 NW 194th St
Miami Gardens, FL 33169
NORWOOD 1ST ADDN 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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