Belmont Foreclosures

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

Belmont Foreclosures

If you’re looking to purchase a Belmont 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 Belmont 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 Belmont 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.

Foreclosures in Belmont by Zip Code

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Hottest Foreclosures Listings in Belmont


Active
  • Located in Belmont
  • Built in 1965
  • MLS #: ML81982652
  • 3 Bedrooms
  • 2 Baths
  • 1,404 SqFt
More details Listing by Candace Finn, Coldwell Banker Realty

Pending
  • Located in Belmont
  • Built in 1990
  • MLS #: ML81977046
  • 3 Bedrooms
  • 3 Baths
  • 1,770 SqFt
More details Listing by Mike Sinitsky, Rise Homes

Pending
  • Located in Belmont
  • Built in 1965
  • MLS #: ML81987631
  • 3 Bedrooms
  • 2 Baths
  • 1,404 SqFt
More details Listing by Carrie Davis, Coldwell Banker Realty

Active
  • Located in Belmont
  • Built in 1947
  • MLS #: ML81985919
  • 3 Bedrooms
  • 2 Baths
  • 1,970 SqFt
More details Listing by Vincent Cardinale, Compass

Pending
  • Located in Belmont
  • Built in 1950
  • MLS #: ML81987651
  • 3 Bedrooms
  • 3 Baths
  • 1,830 SqFt
More details Listing by Debbie Wilhelm, Coldwell Banker Realty

Active
  • Located in Belmont
  • Built in 1976
  • MLS #: ML81984956
  • 1 Bedrooms
  • 1 Bath
  • 690 SqFt
More details Listing by Donna Colangelo, Intero Real Estate Services

Active
  • Located in Belmont
  • Built in 2019
  • MLS #: ML81977143
  • 1 Bedrooms
  • 1 Bath
  • 693 SqFt
More details Listing by Alvaro Nevarez, EQ1

Active
  • Located in Belmont
  • Built in 2022
  • MLS #: ML81910537
  • 5 Bedrooms
  • 6 Baths
  • 4,050 SqFt
More details Listing by Jim Arbeed, Coldwell Banker Realty

Pending
  • Located in Belmont
  • Built in 1938
  • MLS #: ML81867720
  • 1 Bedrooms
  • 1 Bath
  • 630 SqFt
More details Listing by Donald Kung, Remax Capital

Pending
  • Located in Belmont
  • Built in 2021
  • MLS #: ML81869370
  • 4 Bedrooms
  • 4 Full baths
  • 4,458 SqFt
More details Listing by Bryan Jacobs, Realsmart Properties

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

Belmont Real Estate Listings

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

Open Houses in Belmont

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 Belmont 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 Belmont, 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 Belmont

We’ve automated the home buying and selling process in order to save thousands for buyers and sellers. Once you’ve found the Belmont 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.

Belmont Home Values

Determining your Belmont 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.

Belmont Short Sales

If a homeowner is having difficulty paying their mortgage and their Belmont home value has gone down below their mortgage amount, they may be considering a short sale. When a seller lists their Belmont 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 Belmont 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 Allegany County

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