Foreclosure Homes in Louisville KY
Forclosures in Louisville, KY can be found in the Louisville MLS listings below. As foreclosed homes become more common in today's market, buyers are realizing there is opportunity to buy a home below market price. There are many challenges to consider and it is important to consult a real estate expert such as the Jimmy Welch Team. Although there is potential for savings, it is important to know that most forclosed homes are distressed property that are for sell because of an unfortunate financial situation. Most homes will need cosmetic repairs and/or complete rennovations.
Also, are you purchasing the property for investment or do you intend to occupy the house? If you intend to occupy the house, you may not want to live in a neighborhood where most of the homes are rentals. However, as an investment property, this may not matter.
As with any major purchase you need to do your homework because many of the laws that protect you in a conventional real estate transaction may not apply to a foreclosed property. Many times if the person who owned the home was foreclosed on because of not being able to make their mortgage payments, their may be other debts such as property taxes that will need to be considered. Always do a title search on a property to look for any possible encumberances that you may not know exists on the property.
To learn more about Foreclosure Homes for Sale, browse the Louisville MLS listings below. To return to the home page, click Louisville Real Estate. To view homes for sale that are foreclosures, contact the Jimmy Welch Team.
To view a map of homes for forclosure, go to Louisville MLS listings by map.