Search for a foreclosure property in Port Orange, Florida, below. Foreclosure homes attract lots of interest and normally sell fast. Contact us today for detail information about these foreclosed Port Orange listings.
REOs & Bank Owned properties in Port Orange, Florida.
This Property Is Eligible Under The Freddie Mac First Look Initiative Through January 7,2018. During This Period, Only Offers From Owner Occupants Will Be Considered. Buyer To By Doc Stamps On The Deed.brand New Roof. Brand New Hvac System. Large, Open...
What A Fantastic Opportunity On This 3 Bedroom, 2 Bath Lakefront Home Located In The Woodlake Subdivision In The City Of Port Orange. This Great Home Was Built In 1991 And Has 1655 Square Feet Under Air And A 2 Car Garage. What A Spacious Backyard With Lot ...
What A Fantastic Opportunity On This 55 And Up 2 Bedroom, 2 Bath Home Located In The Summer Trees Subdivision In The City Of Port Orange. This Great Home Was Built In 1978 And Has 1,004 Square Feet Under Air And A 1 Car Carport. Sit On Your Wood Deck Or Lar...
One "hot topic" in real estate today is short sale. What some buyers don't realize is that a short sale is much different than a foreclosed or bank owned property. Let's start by briefly discussing foreclosed properties. A foreclosed property is owned by the bank and referred to as a REO property. This property has gone to auction and is now listed for sale. Offers are submitted to the bank and response times are normally pretty fast. Short sales differ in many ways.
Port Orange Short Sales - Lender Approval
Potential short sale properties are still owned by the seller. The seller cannot afford the property and he/she tries to get the bank to accpet SHORT of what is owed to the bank. The seller may have a loan for $300,000, but the property may only have a market value of $250,000. Once the seller gets an offer, it is submitted to the bank's asset managers for review. Banks will usually request a BPO (brokers price opinion) or an appraisal to help them establish an acceptable sale price.
If you need a property within 30 - 45 days, a short sale is not going to be your best option. A short sale transaction can take many months to be executed.
If you would like to discuss short sales, foreclosures and the buying process, contact Kevin Kling at 386-527-8577.
*Disclaimer: Pre-foreclosures and potential short sales require third party (bank) approval.
Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service
IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and data is deemed reliable but is not guaranteed accurate by the MLS.