Foreclosure is when a lender is able to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice. The foreclosure process can end one of four ways:
If the home goes through the auction process and no bids are placed, the bank gets the home back it's called an REO (Real Estate Owned) Property and is then classified as an asset. The buying process is similar to that of a Foreclosure at this point.
Use the Foreclosure Search page to search Foreclosed Homes in South Bend Indiana. Foreclosed homes in South Bend vary in size, price, and level of work that needs to be completed to make the home ready.
Use the Foreclosure Search page to search Foreclosed Homes in Granger Indiana. Not all foreclosed homes are equal, we need to research the area to determine if the home warrants the work that needs to be done (if any)!
Use the Foreclosure Search page to search Foreclosed Homes in Mishawaka Indiana. Browse the many Mishawaka foreclosures we have to offer!
This is a small sample of Foreclosures in St. Joseph County. For a complete list use the Foreclosure Search page!
IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.