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

 

 

Price Change - 13 hours ago
$99,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,331
SQFT
6623 Southport Drive
Boynton Beach, FL 33472
ABERDEEN 26 Subdivision
New Listing - a week online
$99,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,149
SQFT
18810 SW 113th Ave
Miami, FL 33157
QUAIL ROOST VILLAS CONDO Subdivision
$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
$99,900
Single Family Home For Sale
Contingent
3
BED
1
TOTAL BATHS
1,290
SQFT
3975 46th Place
Vero Beach, FL 32967
PINEVIEW PARK SUB NO 2 Subdivision
$99,900
Single Family Home For Sale
Active
1
BED
1
TOTAL BATHS
552
SQFT
102 Wurst Road
Ocoee, FL 34761
NORTH OCOEE ADD NO 1 Subdivision
New Listing - 2 weeks online
$99,900
Single Family Home For Sale
Contingent
2
BED
1
TOTAL BATHS
862
SQFT
462 SW Curtis Street
Port Saint Lucie, FL 34983
PORT ST LUCIE SECTION 27 Subdivision
New Listing - 2 weeks online
$99,900
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
816
SQFT
2703 Avenue J
Fort Pierce, FL 34947
PROGRESS 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
$99,999
Single Family Home For Sale
Pending Sale
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
Pending
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
Pending
3
BED
1
TOTAL BATHS
936
SQFT
1401 S H Street
Lake Worth, FL 33460
WHISPERING PALMS 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
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
2
BED
1
TOTAL BATHS
888
SQFT
2736 NW 6th Ct
Fort Lauderdale, FL 33311
WASHINGTON PARK THIRD ADD 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
Foreclosure
$100,000
Single Family Home For Sale
Pending Sale
3
BED
2
TOTAL BATHS
1,456
SQFT
220 NE 12th Ave. Lot 174
Homestead, FL 33030
COCOWALK ESTATES Subdivision
Open House 01/20 at 3PM
$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 - a week online
$100,700
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,374
SQFT
1630 NW 117th St
Miami, FL 33167
SHERNA PARK 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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