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

 

 

New Listing - 2 weeks online
$99,900
Single Family Home For Sale
Contingent
2
BED
1
TOTAL BATHS
812
SQFT
3006 N 25th Street
Fort Pierce, FL 34946
SAN LUCIE PLAZA SUBDIVISION UNIT 1 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
Foreclosure
$99,900
Single Family Home For Sale
Contingent
3
BED
2
TOTAL BATHS
2,200
SQFT
9008 Sand Pine Lane
West Palm Beach, FL 33412
IBIS GOLF AND COUNTRY CLUB 18 Subdivision
$99,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,345
SQFT
705 S 23rd S Street
Fort Pierce, FL 34950
FRANKLIN PARK ADDITION Subdivision
Foreclosure
$99,900
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,948
SQFT
5168 NW 26th Circle
Boca Raton, FL 33496
LAUREL POINTE at BROKEN SOUND Subdivision
Foreclosure
$99,900
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
3,642
SQFT
21273 Harrow Court
Boca Raton, FL 33433
COVENTRY IN THE GROVE 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
$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
New Listing - a week online
$100,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
816
SQFT
2808 Ave I Avenue
Fort Pierce, FL 34950
PROGRESS PARK Subdivision
$100,000
Single Family Home For Sale
Pending
3
BED
1
TOTAL BATHS
816
SQFT
741 W 5th Street
Riviera Beach, FL 33404
RIVIERA BEACH HEIGHTS ADD 3 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
Price Change - 6 days ago
$100,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
840
SQFT
836 NW 15th Ave
Fort Lauderdale, FL 33311
LINCOLN PARK THIRD ADD 7- Subdivision
$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
$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
$102,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,790
SQFT
6661 NW 25th Court
Boca Raton, FL 33496
BANYANS OF ARVIDA COUNTRY CLUB Subdivision
$102,900
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,319
SQFT
248 Camino Del Rio
Port Saint Lucie, FL 34952
SPANISH LAKES RIVERFRONT LEASEHOLD ESTATES Subdivision
$103,600
Single Family Home For Sale
Backup
3
BED
2
TOTAL BATHS
1,106
SQFT
2103 N Avenue Q Avenue
Fort Pierce, FL 34950
southern pines Subdivision
Price Change - 14 hours ago
$103,788
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,260
SQFT
5 Oak Court
Other City - In The State Of Florida, FL 34472
Silver Springs Shores E 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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