Central Florida Bank Owned Homes For Sale


Thinking of investing in real estate by buying a bank owned home.  Before you run out and buy a foreclosure please read the facts below. 

  • REO properties AKA often known as real estate owned are properties that go back to the mortgage company due to unsuccessful foreclosure auction.  There are many misconceptions about real estate owned auctions and often times properties do not recieve one bid. 
  • Foreclosure sales starting bids usually include accrued interest, the balance of the loan, attorney fees and other costs associated with the foreclosure process.  In most cases foreclosure homes are sold "as is" that would include any liens on the property. 
  • Homes that are being auctioned by the bank the starting bid is usually more than what the home is worth.  When it doesn't sell it reverts back to the bank and officially its now an REO or real estate owned property.
  • Compare other homes in the neighborhood so that you do not overpay.
  • When making an offer remember the bank will negotiate to but in their own time frame as each bank works differently.
  • Include a inspection contigency on your contract.
  • Don't expect a property disclosure.
  • When you offer becomes a contract, be patient.  Buying a bank owned home can be a process but if it is done right, could be quite a bargain.

One thing is certain when buying a bank owned home is to hire a real estate agent who has experience working with banks.  Contact Wendy Morris today.

To Pre qualify for a loan through our Lending Dept

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: My Florida Regional MLS (updated 12/16/17)

Listing Search

Translate Tool

Featured Listings
Windermere Real Estate
5.5 BATH
ONE OF THE MOST APPEALING BUTLER CHAIN PROPERTIES IN KEENES POINTE. This home''s location & view of Lake Tibet Butler i... Read More
Windermere Real Estate
4.5 BATH
Stunning new lakefront Element Custom home is ideally sited on Lake Butler of the famed Butler Chain of Lakes. This “... Read More
Windermere Real Estate
3.5 BATH
A stunning lakefront setting characterizes this lovely four-bedroom estate nestled along the shores of beautiful Lake Lo... Read More
Windermere Real Estate
VITA DEL LAGO rests on 1.3 acres of land, with breathtaking views of gorgeous Lake Butler. You arrive at the front of t... Read More
Windermere Real Estate
Priced to sell! Welcome to 2nd Avenue, Downtown Windermere’s most sought after address. Gracefully adorned by the pea... Read More
Contact Wendy Morris


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 -2017 windermerehomes.net - all rights reserved. | Site Map