The number of Destin foreclosure homes, also known as bank owned properties or REO (real estate owned) properties, is rising rapidly, which means that you could have a handle on a bargain that you can make into your next home, an investment rental property or an investment sale property. The Destin foreclosure market is a niche that is seeing more interest. However, the unique nature of foreclosures in Destin FL is such that expert advice is highly recommended. Read more about Destin foreclosure homes.
Listings for Destin Foreclosures & Bank Owned Properties
|All Listings||$100,000 - $200,000||$200,000 - $300,000|
55 Foxmeyer Dr, SANTA ROSA BEACH, FL - $172,000
Cute Home Located On A Generous Size Lot With Two Yard Buildings. The Home Features A Sizable Front Porch And Fenced In Front Yard. There Is Also A Poured Foundation Ready To Add On A Garage Or Extra Living Space. The Kitchen Is Galley Style, Th...
9729 Leeward Way, NAVARRE, FL - $235,000
Reo. ** Many Updates** Freshly Painted!! New Carpet!! New Kitchen Countertops!! New Appliances!! New Light Fixtures!! Great Location! Close To Hurlburt Field And The Beautiful Beaches Of The Emerald Coast! Gated Community With Pool! Home F...
8057 Gulf Blvd, NAVARRE, FL - $1,199,000
This Is An Reo. Bank Financing Available. This Is One Of The Most Affordable And Pleasant Gulf Front Homes On The Market And Is The Quintessential Site For The Laid Back Florida Lifestyle. The House Is Laid Out All In One Level With Parking And Ad...
Buying a Destin Bank Owned Property or REO
A Destin foreclosure can be lower than the standard going rate due to the property being in disrepair, falling home values or the institution owning the home has a plethora of foreclosures and wants to get rid of it. It is possible to buy your first home this way or obtain a rentable property that you can fix up while receiving rent income that goes to the mortgage. Reselling former foreclosure homes or renting them out to screened individuals and families helps maintain a good neighborhood, ensuring that criminal activity is not encouraged to take root in the area.
Purchasing a foreclosure home is not the same as purchasing a regular home. Many foreclosures are in poor condition and you may not have the leisure to inspect it as you would wish. You need to know the legalities involved in purchasing a foreclosure in Destin and the timeframe that you may be looking at. Sometimes foreclosures can take months to come fully into your possession. The wise foreclosure investor checks the title for liens and taxes owed on the property, if any. You should also consider buying only vacant properties, as tenants on the property mean you may have an unpleasant and costly eviction ahead of you.
Destin foreclosure condos and townhomes are quite common and require some special handling to ensure that you're getting a great deal in a good complex or community. Make sure that you get a copy of the CC&Rs (covenants, conditions and restrictions), study the budget and are aware of rules that might affect your enjoyment of ownership. All the normal condo buying rules apply here, but in addition, you will want to make sure that the foreclosure you're looking at is not one of a number of foreclosures in the complex. This can affect your home values and make the property difficult to rent or sell.
Entrusting your Destin foreclosure search to an experienced professional is the best way to navigate the waters of the foreclosure market and find the home you want, for the price you want and with no hidden problems. Contact Tim Shepard for more information about Destin foreclosure real estate
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 November 17th, 2018 at 8:30pm CST.