Distress Property Listing & Information for
Homebuyers
Definition
- 1) Property purchased with the aid of a loan on which payments
have stopped and the borrower has defaulted. 2) Property that is under a
foreclosure order or is advertised for sale by its mortgagee. Distressed
property usually fetches a price that is much below its market value;
may also require significant repairs.
Foreclosures - AKA Bank Owned/REO (Real Estate Owned)
Property which is in the possession of a lender as
a result of foreclosure or forfeiture.
Foreclosures, Bank Owned, REO Land, Homes,
and
Condominiums
- currently listed in the New
Smyrna Beach MLS -
City
Subdivision
Complex (Condo)
Pre-Foreclosure/Short Sales Only
Bank-Owned Only
All
- Contact us for -
Local Knowledge &
Experience Working for You
Don Woods, REALTOR®
SeaLand Real Estate.
Direct Phone: 386-478-9202
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