Palm Coast Bank owned properties have many names, REO (Real Estate Owned, Lender Owned or 'foreclosed property", are a few common names. palm coast real estate bank owned
Whatever they are called, Palm Coast Bank Owned properties are some of the best deals in the area.
Once the bank owns the Palm Coast Bank owned property they will sometimes refurbish the property prior to putting it on the market. palm coast real estate
The bank will normally get a local expert to tell them what the property is worth and will discount the property from the market value to offload it quickly.
As a buyer of a bank owned property you will normally be required to buy "As Is", you will also get Title Insurance You will also have the opportunity to inspect the property, normally this will be between 7 and 10 days.