Foreclosures In Bartow FL

Foreclosures In Bartow FL are often available. Bartow Florida foreclosures, bank owned homes and short sales will all be shown at the bottom of this page. They are listed from highest priced to lowest. If there are several pages simply click the button below.

Homes For Sale In Bartow FL

Short Sales in Bartow FL

What is a short sale? A short sale is when a home owner who has a mortgage on his home can no longer afford to make the payments. Then the owner petitions the bank to allow them to perform a short sale or deed in lieu. A deed In lieu is very rare and just results in the bank selling the property later. A short sale is the owner selling the home short of what is owed on the property and the bank absorbing the loss. There may be tax ramifications for the seller and these purchases typically take longer than conventional purchases.

Bank Owned Homes or REO's

Bank owned homes are the banks selling homes which defaulted on the mortgage or were deeded to the bank via a deed in lieu. Normally all of these are sold by Realtors and the application to purchase is slightly different and dictated by the bank. The fewer the bank owned homes and short sales there are then the pickier the selling institutions are. Unless you are very experienced get a Realtor.

Foreclosures in Bartow Florida

Normally there are only around 5 available. We expect this number to grow due to several reasons. For those who are capable of making purchases in downturns of the market this is a great way to get a home below it's value. However when there are not many available most banks insist on market value. They pay Realtors and Brokers to perform a Broker Price Opinion before selling the property. Contact us to assist you with any foreclosures in Bartow FL.