HUNTING037
HUNTING037
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HUNTING034
HUNTING034
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HUNTINGDOGS044
HUNTINGDOGS044
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Bank Owned

Bank owned, foreclosed, REO (real estate owned) all refer to properties currently owned by a lender. In these situations the current homeowner fell behind on payments and was foreclosed upon (the process varies from state to state but the ending's the same.) 

As to whether these are good homes to buy, it depends ... nearly every bank owned home is going to require a little bit of work. Most homes, bank owned or otherwise, do but with a bank owned home the property usually is being sold as-is and repairs usually won't be made (there are exceptions, but this is what normally happens.)

Most banks price these homes aggressively, either at or below the recent sales. Again, there are some exceptions. So from a pricing standpoint, they could be a good buy depending on the amount of work that needs to be done to the property. In some cases, for the amount of work necessary, it almost is easier to purchase a non-bank owned where repairs can be negotiated.

Condition of the property also can influence your ability to get financing. FHA, for example, has some set standards any property must meet for financing to be available.

Founder and CEO

MARSH020
MARSH020
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4 Bedrooms / 6 Acres

 

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CALLAHAN, FL

$500,000

4 Bedrooms / 6 Acres

 

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CALLAHAN, FL

$500,000

4 Bedrooms / 6 Acres

 

I'm a paragraph. Click here to add your own text and edit me. It’s easy. Just click “Edit Text” or double click me to add your own content and make changes to the font.

 

CALLAHAN, FL

$500,000

4 Bedrooms / 6 Acres

 

I'm a paragraph. Click here to add your own text and edit me. It’s easy. Just click “Edit Text” or double click me to add your own content and make changes to the font.

 

CALLAHAN, FL

$500,000

Mountain Lake
Mountain Lake

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Beach Huts
Beach Huts

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Ferris Wheel
Ferris Wheel

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Palm Trees
Palm Trees

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Ameris Bank does not sell these properties directly. All negotiations are handled exclusively through the listing agent identified with each property. Each property listed should not be construed as an offer to sell, but only as information on a property.

Properties listed on the website are for information purposes only. Listings are updated nightly. The current list may contain properties already under contract or previously sold. While we believe all information presented is accurate, we do not guarantee nor make any representation to its accuracy as we obtain some of this information from third-party sources.

TO SPEAK WITH AN RALPH or AN AGENT,

PLEASE CALL OR EMAIL US:

Email: Ralph@PristinePropertyLand.com

Tel: 904.759.1487

ALTERNATIVELY YOU CAN FILL IN THE FOLLOWING CONTACT FORM:

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