A "foreclosure" is the process of enforcing the lender's rights once the obligation secured by a deed of trust is in default. (For example, when a property owner falls behind on mortgage payments.) The lender (eg. a bank) demands that their attorney foreclose on the defaulted deed of trust. Foreclosed homes therefore, are properties that that have been repossessed by a lender and are subsequently resold to another buyer.
If you're interested in buying a "foreclosure," you'll still need a professional realtor to help you through the paperwork. For more facts about foreclosures, click here!
Click here for list of foreclosure.
NOTICE: We do not mark those homes under contract or "off the markets." However, if the home you're looking for at is not available, we do have other home similar in style and price. Please ask your Agent. Foreclosure properties can change status on a daily basis. We do not mark those homes as "under contract" or "sold." Because inventory changes so quickly. All information although believed to be accurate is not guaranteed. For up-to-date status on a foreclosure property, please email our Foreclosure Department.
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MLS# 08-7810
Mountainhome Tree lined street 2BR Cottage Style Ranch Perfect starter home Living room w/hardwood floors Dining area Family room w/propane fireplace Utility shed Low taxes White picket fence Golf nearby $129,900 |
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MLS# 08-11052
Pocono Spring Estates 3BR 2BA California Ranch Lake view Great room w/vaulted ceiling & fireplace Breakfast nook Open design Full basement 2 Car garage Low taxes Western Wayne School District $215,000 |
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MLS# P08-5086
Sunrise Lake 3BR Ranch Eat-in kitchen Open design Fireplace Storage attic Full basement Laundry room in lower level Screened porch Deck 2 Car detached garage Paved driveway Storage building $163,000 |