Destin Area Foreclosures & Short Sales

When considering the property market these days, we often hear reference to foreclosures and short sales. With careful planning and expert assistance and advice, a foreclosure or short sale can offer the home seeker an exceptionally good deal. The Destin area foreclosure market is relatively vibrant, and the careful investor will discover many great value condos and homes for sale.

Learn more about Destin, Florida foreclosures, or see below for all current foreclosure listings in the Emerald Coast area.

Destin Foreclosures

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000
38 Properties Found. Showing Page 1 of 7
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Emerald Coast, Florida Foreclosure Facts

Foreclosures occur when property owners default on their mortgage payments. If the homeowner cannot pay the outstanding monies owed to the lender, then the lender, usually a bank, can seize the property in order to sell it. These foreclosed homes are often sold at auction and consequently, can represent excellent value.

Things aren't always so straightforward however, and the process of buying a foreclosure can be rather stressful. Properties are often sold 'as-is' and there may be issues with existing liens. If you are interested in seeking a Destin, Florida foreclosure, be sure to seek up-to-the-minute advice from a local property expert.

Destin Short Sales

Short Sales differ significantly from foreclosures. These types of property sales happen before the home or condo actually goes into the foreclosure process. With a short sale the owner, in order to avoid foreclosure, sells the property for less than the outstanding amount remaining on the mortgage.

Some great deals can be found this way, but the process can be extremely lengthy and involves considerable cooperation from the mortgage lender. Some banks, keen to offload unwanted inventory may act swiftly while others may draw the process out, as they consider their options. After many months, the hopeful buyer can often find that their offer has been rejected. Again, use a local property professional to help steer you through the process when considering Destin short sales.

Contact Destin Realtor ® Karrie Rose for advice and assistance on buying a Destin, Florida bank owned house or condo.

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DISCLAIMER: Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright2014, All rights reserved.

Listing information last updated on July 22nd, 2014 at 10:30pm CDT.