The number of foreclosures in Tampa Bay grows day by day, and so does banks' inventory of repossessed homes. Since banks are not in business of real estate investment, they look for ways to rid of these homes as quickly as they can to clean up their books. Banks loss equals investor's gain! Banks' eagerness to sell results in nice discounts of 10-25% on oftentimes good homes in good neighborhoods. |
Watch Video on Bank-Owned Properties We formed relationships with companies who help banks sell repossessed properties, and we can present these incredible deals on Tampa homes to you. Here are some examples of recent deals:  | Bedrooms: 4 Baths: 2 2,582 sq. ft. Year Built: 2004
Pool: No Subdivision: Seven Oaks City: Wesley Chapel
Comparable homes sell at: $295,500 - $369,900
Market Value: $315,000
Asking Price: $228,000
Equity: $87,000
Description: BANK-OWNED/REO. This home is a Brookland floor plan located in the prestigious subdivision of Seven Oaks. Enjoy the conservation full of wildlife in back or the park out front! As a resident of Seven Oaks you will be able to take advantage of the numerous amenities at the resort-style Community Center. Enjoy the 4 pool areas, tennis, basketball and sand volleyball courts, as well as a soccer field, fitness center and bike path! |  | Bedrooms: 3 Baths: 3 2,652 sq. ft. Year Built: 2005
Pool: No Subdivision: Ballantrae City: Land O Lakes
Comparable homes sell at: $280,000 - $369,900
Market Value: $280,000
Asking Price: $200,000
Equity: $80,000
Description: BANK-OWNED/REO. Beautiful 2-story waterfront home built in 2005. Spacious 3 bedroom with full bath downstairs. Upgraded tile and carpet. Island kitchen with snack bar. One of largest waterfront lots in newly built Ballantrae subdivision. Come home to serenity looking out at the pond or fish from the back yard. |  | Bedrooms: 3 Baths: 2 1,364 sq. ft. Year Built: 1987
Pool: No Subdivision: River Crossing City: New Port Richey
Comparable homes sell at: $165,000 - $199,900
Market Value: $155,000
Asking Price: $114,000
Equity: $41,000
Description: BANK-OWNED/REO. Charming 3 bedroom, split, great floor plan located a desirable neighborhood that is convenient to everything. Super-sized bedrooms and walk-in closets. Corner lot with room for a pool. |  | Bedrooms: 5 Baths: 5 4,885 sq. ft. Year Built: 1995
Pool: Yes Subdivision: Gulf Harbors Sea Forest City: New Port Richey
Comparable homes sell at: $639,900 - $739,500
Market Value: $720,000
Asking Price: $590,000
Equity: $130,000
Description: BANK-OWNED/REO. Very spacious waterfront home with all the amenities and touches. Has 3 levels with pool and features gourmet kitchen, double-sided fireplace. Huge master bedroom on 3rd floor with breathtaking water views. |
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