Foreclosures also have names such as REO (Real Estate Owned), HUD, or VA Foreclosures. These sales are conducted by the banks or government. REO is an acronym used by financial institutions, which means Real Estate Owned. The property comes back into the bank’s portfolio via a foreclosure process. Most foreclosures are sold AS-IS with the seller making no repairs. It is also addressed in their corporate addenda stating that the buyer will purchase AS-IS but still have the right to contingencies and inspections.
Potential risks to keep in mind:
Potential benefits:
Discover the potential of this charming single-story home nestled in the heart of Port Angeles, just moments away from Lincoln Park and the Port Angeles Airport. Just ov...
Courtesy of Windermere Professional Prtnrs
Deal of the year on this 3 bedroom (+1 extra room) home conveniently located close to Banks Lake and Coulee Playland boat launch. Electric City sits on the shores of beau...
Courtesy of Diamond Real Estate
Fantastic opportunity for a fix and flip, or sweat equity. Check out this 3 bedroom 2 bath manufactured home fixer with an over sized 2 car garage! Big 1/2 acre corner lo...
Courtesy of Heaton Dainard, LLC
Starter or rental home in Aberdeen on Highland Drive. Two bedroom, one bath home located on quiet street on over 1/4 acre. Open kitchen includes large dining room. Living...
Courtesy of Coldwell Banker Voetberg RE
Lake Limerick Area. 3 Bedroom 1.75 Bath Home on .50 acres approximately. Skylights. Vaulted Ceilings. Dining Room. Primary Bedroom with Bath Walk-in Closet. Deck. Includ...
Courtesy of Wise Realty Inc
3 bedroom 2 bath split level home in Garden Heights. Selling at auction. This property is eligible under the First Look Initiative. No investor offers negotiated until fi...
Courtesy of Sunset Real Estate
Fantastic Opportunity Awaits! This centrally located property in Hilltop, Central Tacoma, presents an exciting prospect. The fire-damaged home offers a clean slate for re...
Courtesy of PropertiesNW of Gig Harbor Ltd
Interior inspections are not available, do not trespass. NO REPRESENTATION TO VALIDITY OF INFORMATION IS MADE, BUYER TO VERIFY ALL INFORMATION WHERIN.
Courtesy of Keller Williams Realty PS
Large 1710 sq ft Ranch style home with 1200 sq ft finished basement. Lots of room to add more bedrooms! Several bonus rooms and 1 more bath in the basement. Fireplace in ...
Courtesy of Sunset Real Estate
Lots of potential in this 4+ bedroom home. Home is 1375 sq ft, plus an additional 1372 sq ft unfiinished basement/garage area. Main floor has bedroom, bathroom, living ...
Courtesy of RE/MAX Premier Group
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