Bank-Owned Properties (REO)
from Foreclosed Properties
A Foreclosure Summary
There are 0 condos in Miami Beach with listing prices of $300,000 or more being offered as
Bank-Owned properties as of 10/19/2018.
Prices may be further reduced, in some cases. |
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More About Bank-Owned (REO)
Properties
What is an REO property? The acronym stands for "Real Estate Owned",
which means that a bank had foreclosed on a property and has taken ownership
of it.
Can I Expect A Good Deal
on an REO Property?
It depends. Unlike a short sale, where a property may be purchased
at a price far below its market value, when a property has been acquired by
a bank through foreclose, it's price will generally be at market value.
You see, the bank will have incurred great costs in the foreclosure process,
and it will try to recover as much of its costs as possible. So,
sometimes, a REO property isn't a great deal. However, from time to
time a bank wants to unload a property, and will offer it for sale at a
discount.
Seu Contato
Brown Harris Stevens
E-MailNextel: 159*225018*10
Celular: +1 (305) 726-0100
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Source: Southeast Florida MLS. Data updated 10/19/2018.
Information is deemed reliable but not guaranteed. Copyright � 2018. The listing data on this page comes from the Internet Data
Exchange (IDX), a collaboration between the following REALTOR � associations in the South Florida Multiple Listing Service (MLS): Realtor Association of Greater
Miami and the Beaches, Realtor Association of Greater Ft. Lauderdale, Realtor Association of Miami-Dade County, Northwestern
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