Alma's right. When a bank forecloses on a home they will auciton it for sale at the county court house. However, if the property does not sell at auction, it may be a year or more before the bank lists the property with a real estate broker to sell. Instead of focusing on foreclosures you may want to broaden your search for all types of properties like short sales, REO Bankowned properties, and regular sales that are neither a foreclosure or a short sale. There are some great bargains to be had.
Also, you will need to check to see if you can get a mortgage if you're not paying cash for the home. And, what you really need to do is to talk with a real estate agent for advise on purchasing a home.
You can also check out all listed properties in Hillsborough, Pasco and Pinellas counties by signing up for a "Free Listingbook Account", click on the link below. Call me anytime at 813-406-8504 if you have any additional questions. Take care.
Charles Rutenberg Realty
Deutsch Bank will first auction it at the courthouse to ALL CASH buyers. They may not offer it for less than the full final judgement amount. You can pull up the history at the Clerk's website if you have ALL CASH and are willing to take the risk of buying a property without title insurance and not be able to inspect.
Otherwise you will have to wait until Deutsche Bank lists it with a Realtor. You need to align yourself with an active Tampa Realtor that will submit your offer the first day it comes on the market or you may miss out.
Let me know if I can help.
All the best,
Alma Rose Kee, PA
Future Home Realty
They're selling for about $30k to $40k in that complex and most likely will require 100% cash to buy one.
Are you an ALL CASH buyer? If not, you may need to narrow your search to townhouses because most condo complexes are not approved for financing so that's why the prices are so low.
All the best,