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Bank Owned Homes

Foreclosed Homes For Sale

Bank-owned homes, foreclosed homes, have become highly sought after in today's market. On bank-owned homes, the bank owns the homes and are pricing the homes below current market value in order to get the bank-owned homes off of their books. This is a great time for buyers, first-time buyers, second home buyers, investors and also families that have outgrown their current homes and are looking for a home with more square footage too. You will be able to find bank-owned homes below $40,000 to luxury foreclosed homes over $1,000,000!
 
Now, do not get a bank-owned home, foreclosed home, confused with  'short sale'  properties. In a short sale situation, the homeowner is negotiating with their bank for the bank to take less money than what is owed on the mortgage. In this situation, if you submit an offer on a 'short sale' property, it can take between three to six months in order to even receive a response back from the bank on your offer.
 
When submitting an offer on a bank-owned home, foreclosed home, be advised that we have noticed that bidding wars are happening, meaning multiple offers on the same foreclosed home. This is no surprise considering the price that the bank has the bank-owned home listed. Plus, because of this the bank-owned home will usually sell for more than what it's listed at. If there are multiple offers on a home, the banks will sometimes come back asking for your final and best offer on the foreclosed home.  The other thing to remember, it usually takes about a week for a first response from the bank on your offer. Don't let this discourage you though because there are some great deals on bank-owned homes, foreclosed homes, on the market. Since most bank-owned homes are sold 'As Is' we highly recommend getting an inspection plus a mold inspection on a foreclosed home.
 
If you have any questions regarding bank-owned homes, interested in certain areas and would like information on the bank-owned homes in these areas, or would like to view bank-owned homes please
Contact
Paul Caponi
and Theresa Caponi -Central Florida REALTORS®,
at  321-297-6113.

  View Foreclosed Single Family Homes below
Updated 04/18/2010
Contact Paul & Theresa Caponi at 321-297-6113 for a Showing of Bank Owned Homes today
 
 
View  Orlando FL Foreclosed Homes in the following areas of Orlando, Florida:
 

View Foreclosed Homes in the following areas south of Orlando, FLorida:

Information is coming from the MFR MLS 04/18/2010 and is deemed accurate but not guaranteed.
For more Information or a Showing of a REO/Bank owned Home
Contact Paul Caponi & Theresa Caponi at 321-297-6113 today.
 
For an Updated List of Bank-owned Homes, please fill out the contact form below. Make sure to let us know what area/areas you are interested in. Don't forget to double check your email. Or give us a call at 321-297-6113.
 
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 Paul Caponi & Theresa Caponi
REALTORS®
TEAMCONNECT

Direct: Paul Caponi   321-297-6113
                   Theresa Caponi  321-297-1403
                   Theresa@TeamConnectOrlando.com
Theresa Caponi, PA
REALTY CENTER
5122 Dr. Phillips Blvd.
Orlando, Florida 32819
 
 
 

 

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