Foreclosures in Auburndale FL

Foreclosures in Auburndale FL are not as common as some would like. Auburndale FL foreclosures only amounted to 25 in 2019 although that amount may start upward in 2020.

Homes For Sale In Auburndale FL

Foreclosures in Auburndale FL

What is a foreclosure? A foreclosure happens when an owner can not fulfill their repayment obligations to the lender. Sometimes it takes years to get foreclosed on sometimes months. I have known people to stop making payments on their home and live in it for years without making a payment before being foreclosed on.

Are you pre-approved for a home loan yet? Contact us today for assistance with loan pre-approval with a loan officer in this city.

Often an owner will request a lender to allow the sale of the home short of what is owed on it. If the home fails to sell, and often they do it gets foreclosed on. Then the bank will sell the asset.

Buying a Foreclosure

Buying a foreclosure is slightly different than a traditional sale. To the best of our knowledge all bank owned homes that are not auctioned are sold by Realtors in Florida. Trust me if you are looking to buy a foreclosure use us or a professional and experienced Realtor at a minimum. The forms are most likely going to be different as well as the parts of the process. Each bank handles the process slightly differently.

Short Sales in Auburndale Florida

What is a short sale? A great opportunity for both seller and buyer if they can tolerate the process and are smart enough to get professional assistance. If you are selling contact us. The Bank is going to require you to use a Realtor anyway. If you are purchasing contact us to assist you. 

Selling a home in this manner takes time. The seller is the home owner but the final approval for the sale is the lender. Sometimes a purchase price is approved in a week, sometimes it may take well over a month. The process can get very interesting.

Buying a home takes patience. However there are great opportunities when the amount of short sales is high. This is a great way to pick up a home or investment property. Make sure you get a good and thorough inspection which includes septic etc.