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.
Fantastic Opportunity In The Oakland Park Subdivision Of Port Orange! This Three Bed Two Bath Home Has A Great Split Floor Plan With Plenty Of Room For Entertaining. Master Suite Includes His And Hers Closets And Sinks, And A Full Private Bathroom With Tile...
Once In A Lifetime Opportunity! Small Bungalow Style Home With Riparian Rights To The Halifax River! Lot Of Potential To Add On If Your Looking To Expand Living Area. Currently A Rough Build Out Has Been Done For An In Law Suite. Close To Everything! Hurry ...
Great Investment! Dunlawton Hills Is A Community Of Duplexes With A Community Pool And Clubhouse. This Property Is Located On A Quiet Cul De Sac And Has Plenty Of Space On The Side And Back For Outdoor Activities. Enjoy The Glassed In Florida Room All Ye...
Fantastic Opportunity To Live In Beautiful Port Orange. Looking To Downsize This Is The Perfect Place For You, Kitchen Is Galley Style With Ample Cooking Space, Dining Area And Spacious Living Room That Overlooks The Front Yard. Home Is Convenient To Shoppi...
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.