Orlando Foreclosures For Sale
Orlando Foreclosures Real Estate
Currently there are 50 foreclosed single family homes in the Orlando area with an average list price of $381,661. Buyers can greatly benefit financially from buying a foreclosed, bank owned or REO home at a discounted price. As professional real estate agents we understand the process of purchasing a foreclosed homes and will help guide you in your purchase. We want to help our buyers by explaining all the details of buying a foreclosed home so they are able to take advantage of the great opportunities in the foreclosure market.
We are often asked what exactly is a foreclosure? A foreclosure is when the property homeowner has stopped making mortgage payments this allows the lender to seize the property, evict the homeowner and sell the property. A foreclosed property can be put up for auction by the lender or be listed as a REO, bank foreclosure or a bank-owned property. Buying a foreclosed home can potentially offer large discounts, usually well below market value. Buyers must be aware that lenders will want to sell for the highest possible price in hopes to recover some of or all of the equity and recoup selling fees. Depending on the home and the market, foreclosed homes may receive multiple offers, the lender will review all offers on the property and will accept what they think is the highest and best offer.
With our in-depth knowledge of the Orlando area real estate market and foreclosure market we can assist you with any questions you may have. We look forward to answering all your questions and assisting you with the purchase of your new home. Call us at (407) 770-4343
Orlando Foreclosures Recently SOLD
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Listing data © 2018 My Florida Regional MLS (MFRMLS). All IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All IDX data is deemed reliable but is not guaranteed accurate by the MLS.
MFRMLS Data Last Updated: 03/21/18 at 12:33 PM (5 minutes, 9 seconds ago)
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Orlando Real Estate
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