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 $300,000 - $400,000 $700,000 - $800,000
$900,000 - $1,000,000 Over $1,000,000
Price, High to Low
7 Properties Found. Page 1 of 2
Photo of Listing #727142

781 Bayou Dr

$1,715,000

DESTIN, FL
5 Bed, 6 Bath, 4163 Sqft, 1.07 Acres
Residential

99 Shirah St

$1,250,000

DESTIN, FL
6 Bed, 5 Bath, 3114 Sqft
Residential

Photo of Listing #839728

12 Spyglass Dr

$919,900

MIRAMAR BEACH, FL
5 Bed, 4 Bath, 3608 Sqft, 0.19 Acres
Residential

Photo of Listing #834814

15200 Emerald Coast Pkwy 1106

$790,000

DESTIN, FL
3 Bed, 3 Bath, 1693 Sqft
Residential

Photo of Listing #850034

378 Sonora Rd

$395,000

DESTIN, FL
3 Bed, 2 Bath, 1848 Sqft, 0.21 Acres
Residential

Photo of Listing #839186

775 Gulf Shore Dr 4114

$369,000

DESTIN, FL
2 Bed, 2 Bath, 1100 Sqft
Residential

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.

Back to Destin Area Foreclosures & Short Sales

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, Copyright2020, All rights reserved.

Listing information last updated on July 6th, 2020 at 5:30pm CDT.