1-407-575-5392
Menu

Lakeland Foreclosures

NEXT
PREV
Lakeland Foreclosures

Foreclosed Homes In Lakeland FL

Foreclosed homes in Lakeland FL are actually quite rare percentage wise. However, there are always active foreclosures & foreclosed homes for sale in Lakeland worth considering. Here at Wendy Morris Realty we have a vast amount of experience dealing with Foreclosures. Our dedicated main office site for Foreclosures is www.WindermereShortSales.net

General Information

Every 10 years or so it happens. The economy will go through a challenging time and the foreclosure market will offer some great opportunities to those of us who are frugal enough to be prepared for it.

During the regular housing market periods there are not as many foreclosures available. This gives the banks the ability to hold onto them for top dollar. However when the banks hold a more properties in foreclosure they must get rid of the assets. That is when you normally see better opportunities to buy. This is also when the banks are most likely to allow a property owner to short sale a home or perform a deed in lieu.

Residential Short Sales

A short sale is when a bank allows a specific amount of time for a home owner to sell their home prior to foreclosure. The bank will make the final determination on what price is acceptable to them for the home. There can be tax ramifications for home owners who do this. There have been times when there are many foreclosures that the federal government forgave the home owners but this is not always the case. A home owner may owe income tax on the amount of forgiven debt. Every lender I am aware of requires homes being sold in this manor to be sold using a Realtor.

Purchasing a short sale is not always the best option either. It can take a week, or it can take months to hear back from a bank and find out whether your offer has been accepted. Also some home owners are bitter and may not be the easiest to work with. After all, it is and was there home.

REO's and Bank owned homes

REO stands for Real Estate Owned is a term used to describe a class of property owned by a lender or insurer. It can be government agency or insurer or bank owned. These types of homes can also be purchased through us. Often the owner of these properties has specific forms they want used and offers are competitive and need to be structured in a certain way. A novice will often run into difficulty. Some owners require you to use a Realtor to even apply to purchase. Click the link below to shop all Lakeland homes by price and location.

Click The Link Below To See Homes For Sale in this City.

Homes For Sale in Lakeland FL

Experienced Assistance

There is a reason banks want people to use Realtors. The process is emotional and can be complex. After you have been on both sides or many of these sales you are just more experienced and better at it. It only makes sense to contact an experienced professional to assist you with any Lakeland FL foreclosed homes.




All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 6/28/22 5:44 AM) |

Listing Search



Translate Tool

Featured Listings
Auburndale Real Estate
$989,000
4 BED
3 BATH
DEVELOPABLE Property on Lake Arietta! Don't miss out on 6.10 acres of unique lakefront land in the beautiful city of Aub... Read More
Auburndale Real Estate
$775,000
3 BED
3 BATH
***Just Reduced $25k***Come see this beautiful 3 bedroom 3 bathroom lakefront home on Lake Ariana! Nestled on nearly a h... Read More
Auburndale Real Estate
$518,000
4 BED
3 BATH
Welcome to Auburndale’s Beautiful Lake front community, Lake Juliana Estates, Minutes off of I-4 and soon to be Publix ... Read More
Auburndale Real Estate
$764,900
3 BED
2.5 BATH
Amazing Lakefront beauty nestled on apprx 1 1/4 acres on desirable Lake Whistler w/ Soooo much to offer including a scr ... Read More
Auburndale Real Estate
$500,000
4 BED
3 BATH
Are you looking for a FANTASTIC TURN-KEY home in a GATED COMMUNITY? Imagine yourself driving onto the PAVED DRIVEWA... Read More
Auburndale Real Estate
$998,000
5 BED
2.5 BATH
Serenity like no other! Lakefront elegant custom-built Hulbert Homes - once a model home - where you can maintain a dail... Read More
Auburndale Real Estate
$1,500,000
3 BED
2 BATH
Opportunity is knocking! Or neighing in this case. This 3/2 mobile home is sitting pretty on over 16 acres on land that ... Read More
Auburndale Real Estate
$834,900
5 BED
3.5 BATH
Meticulously maintained! If you're looking for your dream home on a beautifully manicured acre with NO HOA, a pool, 5 ... Read More
Auburndale Real Estate
$604,000
4 BED
4 BATH
One or more photo(s) has been virtually staged. This Auburndale two-story home offers a three-car garage. Read More
Auburndale Real Estate
$725,000
5 BED
4 BATH
Generous price improvement on this spacious lakefront home. The inviting front porch begs you to sit a while and watch t... Read More
Contact Wendy Morris

407-575-5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2022 lakelandluxuryhomes.com - all rights reserved. | Site Map