2989 Bay Villa Ct
5 Bed, 7 Bath, 6407 Sqft
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.
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5 Bed, 7 Bath, 6407 Sqft
5 Bed, 6 Bath, 4800 Sqft
SANTA ROSA BEACH, FL
5 Bed, 5 Bath, 3177 Sqft
3 Bed, 3 Bath, 1693 Sqft
2 Bed, 3 Bath, 2436 Sqft, 0.27 Acres
4 Bed, 3 Bath, 2890 Sqft, 0.58 Acres
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.
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.
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, Copyright2018, All rights reserved.
Listing information last updated on April 25th, 2018 at 6:30pm CDT.