Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Lakeland Luxury Real Estate
407-575-5392
Call Today!

Listing Search

Lakeland Foreclosures

NEXT
PREV
Image

Lakeland Florida Foreclosures

Lakeland FL Foreclosures & Foreclosed Homes for Sale have a median listing price of $219,900 and a price per square foot of $128 based of 2019 Market Data. There are always active foreclosures & foreclosed homes for sale in Lakeland, Florida. 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.

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 Foreclosures.



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 7/7/20 11:46 PM)
Featured Listings
Auburndale Real Estate
$620,000
3 BED
2.5 BATH
Design, Style, Location and Quality. Inspired by Frank Lloyd Wright''s work and built by Mark Hulbert, this home over... Read More
Auburndale Real Estate
$1,250,000
3 BED
3 BATH
Here is an incredibly rare opportunity to own a truly one of a kind property! The home possibilities here are endless an... Read More
Auburndale Real Estate
$750,000
4 BED
3 BATH
True Lakefront Executive Paradise , gorgeous historical home with detached apartment and detached garage. Open pool w... Read More
Lakeland Real Estate
$850,000
5 BED
4 BATH
Stunning 5 Bedroom, 4 Bathroom Home in South Lakeland on 1.52 Acres! *NO HOA!*  This home features a stunning gourmet k... Read More
Lakeland Real Estate
$599,900
4 BED
4 BATH
Lovely Lake Hollingsworth Home. This home sits on ½ acre lot steps from Lake Hollingsworth and features amazing curb ap... Read More
Lakeland Real Estate
$799,900
4 BED
3.5 BATH
Southern Charm to the Nines! Prepare to be stunned as you are welcomed by a canopy of majestic live oaks lining this on... Read More
Lakeland Real Estate
$698,900
5 BED
3 BATH
Charming Southern Style Custom built home. No detail has been overlooked. 20 foot ceilings, oak wood flooring, rece... Read More
Lakeland Real Estate
$515,000
6 BED
3 BATH
Stunning luxury custom-built pool home in the highly desirable private & gated HIGHLANDS-BY-THE-LAKE features 6 BEDROOMS... Read More
Lakeland Real Estate
$1,600,000
5 BED
6.5 BATH
Prepare to be enchanted. This uber-luxurious Grasslands home, built in 2008 is ideally situated at the beginning of a c... Read More
Lakeland Real Estate
$1,500,000
6 BED
5 BATH
Main home is 4514 sq ft and the apartment above barn is 1200 sq ft and they both sit on a combined 14 acres behind your ... Read More
Contact Wendy Morris

407-575-5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
14832 Speer Lake Drive
Winter Garden, FL 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2020 lakelandluxuryhomes.com - all rights reserved. | Site Map | Lakeland Foreclosures