You may be able to buy foreclosed homes owned by banks and other mortgage lenders for less than the property’s market value. Here are ways to find bank owned home sale listings in Washington, D.C.
You may be able to buy foreclosed homes owned by banks and other mortgage lenders for less than the property’s market value. You can find bank owned home sale listings in Washington, D.C. in several ways.
Bank owned homes are properties that have been foreclosed by the bank because the original owner defaulted on his or her payments. Although the bank owned home sale listings in Washington, D.C. are probably not priced much below market value, they are typically priced to sell as quickly as possible.
For a list of bank and government websites with foreclosure listings, go to this article.
Real estate agents usually know of available bank owned home sale listings in Washington, D.C. It is a common practice for mortgage lenders and banks to hire local real estate agents to sell their foreclosures. In addition, real estate agents have search tools and databases that are not available to you.
You can also search public records to find bank owned home sale listings in Washington, D.C. Both Notices of Sale and Notices of Default are filed at county courthouses and published in the legal notices section of your local newspaper.
Click here for local foreclosure listings.
Websites also provide Washington, D.C. real estate bank owned home sale listings. Many banks, credit unions and mortgage lenders have pages dedicated to foreclosure listings. Additionally, real estate brokers representing these properties also list bank owned properties on their websites. If you are trying to find bank owned homes for sale in Washington, D.C., it may also be a good idea to work with a real estate agent who specializes in foreclosure sales. Reply! can help you find an agent in your area.