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.
State Home In Prestigious Covendale Gated Community.5 Bedrooms 2 Bonus Rooms 4 Baths 3+cars Garage Trees/nature Preserve In Backyard. Upstairs Has 2 Bonus Rooms Which Can Be 5th/6th Bedrooms Or Theater Each W/full Bath. 4 More Bedrooms Down Make This A Gr...
We Are Currently In A Multiple Offer Situation. The Seller Has Called For All Interested Buyers To Submit Their Highest And Best Offer By Noon On Wednesday September 19th.please Complete The Attached Multiple Offer Addendum And Include With Your Offer.buye...
Lakefront ,spacious Home In Prestigious Water Edge Community. Five Bedrooms, Two And A Half Bathrooms, Two Car Garage. Located At The End Of The Cull-de-sac. Five Bedrooms Upstairs. Kitchen, Breakfast Nook, Formal Dining Room, Formal Living Room And Family ...
Fantastic Opportunity For A Large Home On Oversized Corner Lot In Willow Run Subdivision. With Over 2600 Sf You Will Have Plenty Of Room For A Large Or Growing Family. Open In Ground Pool For Those Hot Florida Days As Well As A Fenced Yard, Open Patio/pergo...
Port Orange Where The Living Is Easy...2 Bed 1 Bath Manufactured Home On Land, No Hoa! Close To All Port Orange Has To Offer, Shopping, Dining, Entertainment And The Beach Is Only Minutes Away. Atlantic High And Silver Sands Middle School District.
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.