1524 Foreclosures

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Search Leicester 1524 Foreclosures for sale on the MLS. View recent sales and find homes for sale in Leicester which allow for a 50% commission credit.

Leicester 1524 Foreclosures

If you’re looking to purchase a Leicester 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 Leicester 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 Leicester 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 Leicester 1524


Active
  • Located in Fullerton
  • Built in 1955
  • MLS #: PW24233897
  • 4 Bedrooms
  • 2 Baths
  • 1,432 SqFt
More details Listing by Darryl Jones, ERA North Orange County

Active
  • Located in Alhambra
  • Built in 1978
  • MLS #: AR24209945
  • 1 Bedrooms
  • 1 Bath
  • 654 SqFt
More details Listing by Shumei Kam, Coldwell Banker George Realty

Active
  • Located in San Diego
  • Built in 1978
  • MLS #: 240027164SD
  • 3 Bedrooms
  • 2 Baths
  • 1,356 SqFt
More details Listing by Jezer Manalastas, Keller Williams San Diego Metro

Active
  • Located in Paradise
  • Built in 2024
  • MLS #: SN24206325
  • 3 Bedrooms
  • 2 Baths
  • 1,665 SqFt
More details Listing by Douglas Speicher, Real Broker Technologies

Active
  • Located in Beverly Hills
  • Built in 1931
  • MLS #: 24414355
  • 4 Bedrooms
  • 5 Baths
  • 5,300 SqFt
More details Listing by Markus Canter, Berkshire Hathaway HomeServices California Properties

Active
  • Located in Fallbrook
  • Built in 1991
  • MLS #: 240025157SD
  • 4 Bedrooms
  • 3 Baths
  • 2,717 SqFt
More details Listing by Dr Deena Stacer, Stacer Realty

Active
  • Located in Beaumont
  • Built in 2021
  • MLS #: EV24094285
  • 2 Bedrooms
  • 3 Baths
  • 2,226 SqFt
More details Listing by JOHN FOX, KELLER WILLIAMS REALTY

Active
  • Located in Potrero
  • Built in 1955
  • MLS #: PTP2406491
  • 2 Bedrooms
  • 1 Bath
  • 957 SqFt
More details Listing by Nicole Turner, Sellstate Next Gen Realty

Active
  • Located in Hollister
  • Built in 2016
  • MLS #: ML81984259
  • 4 Bedrooms
  • 4 Baths
  • 2,624 SqFt
More details Listing by Rhonda Stapleton, Realty One Group Infinity

Active
  • Located in Orange
  • Built in 1963
  • MLS #: IG24175870
  • 5 Bedrooms
  • 3 Baths
  • 2,563 SqFt
More details Listing by Mohammad Ashraf, Gold Team Realty

Active
  • Located in Rosamond
  • Built in 1966
  • MLS #: SR24172472
  • 2 Bedrooms
  • 1 Bath
  • 746 SqFt
More details Listing by Robert Chevalier, Keller Williams North Valley

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

Leicester Real Estate Listings

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

Open Houses in Leicester

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 Leicester 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 Leicester, 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 Leicester 1524

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

Leicester Home Values

Determining your Leicester 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.

Leicester Short Sales

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

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