1516 Foreclosures

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Search Douglas 1516 Foreclosures for sale on the MLS. View recent sales and find homes for sale in Douglas which allow for a 50% commission credit.

Douglas 1516 Foreclosures

If you’re looking to purchase a Douglas 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 Douglas 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 Douglas 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 Douglas 1516


Active
  • Located in Corona del Mar
  • Built in 2024
  • MLS #: OC24178130
  • 6 Bedrooms
  • 7 Baths
  • 3,900 SqFt
More details Listing by Andrew RebulioD'Angelo, KASE Real Estate, Inc.

Active
  • Located in San Diego
  • Built in 1986
  • MLS #: PTP2406538
  • 2 Bedrooms
  • 3 Baths
  • 1,408 SqFt
More details Listing by Destiny Roxas, Real Broker

Pending
  • Located in Encinitas
  • Built in 1976
  • MLS #: ND24227832
  • 4 Bedrooms
  • 3 Baths
  • 2,350 SqFt
More details Listing by Stacy Boodman, Boody's Abodes Realty Inc.

Active
  • Located in Los Angeles
  • Built in 1990
  • MLS #: 24403167
  • 2 Bedrooms
  • 2 Baths
  • 1,126 SqFt
More details Listing by Danny Mahelka, Coldwell Banker Realty

Active
  • Located in Beaumont
  • Built in 2019
  • MLS #: NDP2409398
  • 2 Bedrooms
  • 2 Baths
  • 1,472 SqFt
More details Listing by Mark Gonzales, Villa Realty, Inc.

Active
  • Located in San Luis Obispo
  • Built in 1890
  • MLS #: SC24180329
  • 4 Bedrooms
  • 5 Baths
  • 3,211 SqFt
More details Listing by Chris Richardson, Richardson Sotheby's International Realty

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

Douglas Real Estate Listings

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

Open Houses in Douglas

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 Douglas 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 Douglas, 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 Douglas 1516

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

Douglas Home Values

Determining your Douglas 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.

Douglas Short Sales

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

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