1003 Foreclosures

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Search Amherst 1003 Foreclosures for sale on the MLS. View recent sales and find homes for sale in Amherst which allow for a 50% commission credit.

Amherst 1003 Foreclosures

If you’re looking to purchase a Amherst home for sale at a bargain price, foreclosures can often be a great opportunity for experienced investors. If a homeowner defaulted on their mortgage and is unable to pay off their debt before their home auction date, the property will revert back to the lender through the Amherst foreclosure process. Once a home has been foreclosed on, it will either be sold off in bulk by the bank or listed with an agent who will add to the MLS. Prior to entering into the MLS, it is often only possible to purchase a foreclosure if you have cash. However, once the property comes on the market through the Amherst MLS, there is typically preference within the first 2 weeks to FHA or other government-backed mortgages; if the prior loan foreclosed on was a government-backed mortgage.

Hottest Foreclosures Listings in Amherst 1003


Active
  • Located in Los Angeles
  • Built in 1923
  • MLS #: SR24179964
  • 1 Bedrooms
  • 1 Bath
  • 830 SqFt
More details Listing by Tamara Aleksanyan, Tamara Aleksanyan

Active
  • Located in Palo Alto
  • Built in 1960
  • MLS #: ML81977661
  • 2 Bedrooms
  • 2 Baths
  • 1,457 SqFt
More details Listing by Katherine Hunt, Compass

Active
  • Located in San Bernardino
  • Built in 1951
  • MLS #: AR24220037
  • 2 Bedrooms
  • 1 Bath
  • 550 SqFt
More details Listing by Robert Ip, Coldwell Banker Realty Pasadena

Active
  • Located in El Cajon
  • Built in 1953
  • MLS #: 240027339SD
  • 3 Bedrooms
  • 2 Baths
  • 1,216 SqFt
More details Listing by Pat Tang, Coldwell Banker Realty

Active
  • Located in Lancaster
  • Built in 1955
  • MLS #: SR24222318
  • 3 Bedrooms
  • 2 Baths
  • 1,095 SqFt
More details Listing by Julio Mendoza, Pinnacle Estate Properties, Inc.

Pending
  • Located in Marina del Rey
  • Built in 2006
  • MLS #: 24458379
  • 2 Bedrooms
  • 3 Baths
  • 1,780 SqFt
More details Listing by Alex Quaid, The Agency

Active
  • Located in Los Angeles
  • Built in 1963
  • MLS #: P1-18705
  • 1 Bedrooms
  • 2 Baths
  • 1,036 SqFt
More details Listing by Vicken Tasmajian, Beverly and Company, Inc.

Active
  • Located in San Marcos
  • Built in 1970
  • MLS #: NDP2410374
  • 2 Bedrooms
  • 2 Baths
  • 1,248 SqFt
More details Listing by Benjamin Humbert, TenFold Real Estate

Pending
  • Located in San Diego
  • Built in 2003
  • MLS #: PTP2401095
  • 3 Bedrooms
  • 4 Baths
  • 3,228 SqFt
More details Listing by Tina Gavzie, Compass

Pending
  • Located in Los Angeles
  • Built in 1982
  • MLS #: 24401691
  • 2 Bedrooms
  • 3 Baths
  • 2,298 SqFt
More details Listing by Jane Siegal, Coldwell Banker Realty

Active
  • Located in Beverly Hills
  • Built in 1961
  • MLS #: 24445137
  • 5 Bedrooms
  • 8 Baths
  • 5,054 SqFt
More details Listing by Aouri Makhlouf, Compass

Active
  • Located in Lancaster
  • Built in 1955
  • MLS #: SR24174000
  • 4 Bedrooms
  • 2 Baths
  • 1,161 SqFt
More details Listing by Lidia Guzman, BGA Properties Inc

This information is believed to be accurate, but without any warranty.

Amherst Real Estate Listings

Search homes for sale in Amherst through our MLS powered real estate search. Find and compare homes, condos, and land for sale in Amherst. Visit open houses or schedule a tour online with one of our partner agents. When you’re ready to make an offer on a Amherst home, you’ll recieve a 50% commission credit when you submit your offer online with OfferDash®.

Open Houses in Amherst

If you’re in the market for a new home or just love staying current with what’s on the market, check out the list of Amherst open houses happening this weekend. We can help you plan a day to tour homes for sale that are having an open house. When browsing homes for sale in Amherst, just hit the save button and build your open house list of homes you want to tour. If you’re not finding any open house options on a property you want to tour, our local Partner Agents can schedule a private tour for you.

Making an Offer to Buy a Home in Amherst 1003

We’ve automated the home buying and selling process in order to save thousands for buyers and sellers. Once you’ve found the Amherst home for sale that you want to buy, just enter the address in our offer submission form and we’ll automatically draft a legal offer within minutes. In return, you’ll receive a 50% commission credit back for closing costs.

Amherst Home Values

Determining your Amherst home’s value is a 3 step process. A great way to begin is by checking your property value using our automated home valuation software. This free tool can help you determine what your home might sell for and even calculates estimated rental income it could generate by leasing out your property. To begin the process of determining your Homes value, start a free instant home valuation.

Amherst Short Sales

If a homeowner is having difficulty paying their mortgage and their Amherst home value has gone down below their mortgage amount, they may be considering a short sale. When a seller lists their Amherst home for sale as a short sale, they accept only one offer and submit it to their bank with a short sale package requesting mortgage debt relief. If their lender approves a short sale, they will inform the seller of the minimum net proceeds the bank will take in order to write off the sellers defaulted debt. It is often difficult to reduce the lenders’ short sale approval amount once the lender has made their decision. On loans with mortgage insurance, the lender’s losses are often covered by their insurance up to a certain amount. If a lender accepts a short sale they are likely to not receive a payout from their insurance, so knowing what coverage they have on a loan policy is key when requesting a short sale. If you’re interested in purchasing a Amherst home for sale that is listed as a short sale, know that it can be a lengthy process. Those that wait can often get a better deal than a foreclosure; since the bank only reviews 1 offer versus a foreclosure which may have multiple bids. However, a short sale could take months where a foreclosure sale can be sold within days.

Nearby Foreclosure Listings in Amherst Massachusetts

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