Foreclosures and Short Sales For Sale in Jacksonville

Great deals exist for those searching for Foreclosures and Short Sales in Jacksonville Florida.  These distressed properties often need a LOT OF WORK!  Keep in mind, many foreclosures and short sales have been sitting empty for years while the banks decide if they really want to foreclose.  (sarcasm noted).  Are you really getting a deal when buying a foreclosure or a short sale?  You might want to scroll down below and start reading about buying foreclosures or short sales in Jacksonville.

Jacksonville Foreclosures and Short Sales For Sale

All Listings $100,000 - $200,000 $200,000 - $300,000
$400,000 - $500,000 $500,000 - $600,000 Over $1,000,000
18 Properties Found. Page 1 of 2

Fantastic Location In The Heart Of Mandarin On ...

NEW Photo of Listing #990530

$185,000 Active

  • 3 Beds
  • 2 Baths
  • 1,331 ft²

Residential

12205 Governors Dr West, Jacksonville, Florida

MLS® #990530

Fantastic Location In The Heart Of Mandarin On A Large Corner Lot. This 3 Bedroom, 2 Bath Home Boasts A Open Floor Plan, Large Kitchen, Fireplace, And An Attached Two Car Garage. All This Home Needs Is A Little Tlc To Make It A Great Investment Property ...

This 4/2 Is Located On Cul-de-sac. Home Featur...

Photo of Listing #989672

$109,250 Active

  • 4 Beds
  • 2 Baths
  • 1,452 ft²

Residential

3754 Lauren Oak Ln, Jacksonville, Florida

MLS® #989672

This 4/2 Is Located On Cul-de-sac. Home Features An Eating Space In The Kitchen, Open Living Room With Fireplace. Split Bedrooms. A Great Value In An Awesome Location. Close To Shopping Areas, Restaurants And Major Hiways

Small Family Home With Three Bedrooms, 2 Bath R...

REDUCED 2% Photo of Listing #988222

$136,900 Active

  • 3 Beds
  • 2 Baths
  • 1,154 ft²

Residential

4913 Beige St, Jacksonville, Florida

MLS® #988222

Small Family Home With Three Bedrooms, 2 Bath Ready For You To Put Your Touches On It. Make It Your Primary Home, 2nd Home Or Investment Property In This Quite Neighborhood With No Hoa Or Cdd Fees. Conveniently Located Within Minutes To I-95, 295, Us 1, ...

Amazing Opportunity To Own This Well Maintained...

REDUCED 3% Photo of Listing #987472

$185,000 Active

  • 3 Beds
  • 2 Baths
  • 1,654 ft²

Residential

11476 Oak Bank Ct, Jacksonville, Florida

MLS® #987472

Amazing Opportunity To Own This Well Maintained Home Located In Oakbrook. This Property Features 3 Bedrooms, 2 Bathrooms, And 1654 Sq. Ft. Kitchen Features Corian Counter-tops, Well Maintained Appliances, And An Ample Eat-in Space. Home Features A Split Flo...

This Cozy 3 Bedroom Home Is Located On A Privat...

Photo of Listing #987258

$235,000 Active

  • 3 Beds
  • 3 Baths
  • 1,664 ft²

Residential

5254 Cluster Oaks Ct, Jacksonville, Florida

MLS® #987258

This Cozy 3 Bedroom Home Is Located On A Private Cul-de-sac. Roof Is About 4 Years Old, 20'' Porcelain Tile,, All Windows Replaced, And Skylights To Let The Sunlight In. Features Of The Home Are: Master Bedroom Downstairs, And 2 Bedrooms On The 2nd Floor.se...

Bright And Airy Spacious Home In Attractive Wes...

Photo of Listing #986342

$189,900 Active

  • 4 Beds
  • 2 Baths
  • 1,989 ft²

Residential

7687 Vandalay Dr, Jacksonville, Florida

MLS® #986342

Bright And Airy Spacious Home In Attractive Westland Oaks. Enter Through The Beveled Glass Front Door With Side Lights, Into The Spacious Great Room. The Kitchen Is Equipped With A Stove, Disposer And Dishwasher And An Abundance Of Cabinets. The Inside La...

Great Opportunity To Own A Home Located In Sher...

Photo of Listing #979910

$115,000 Active

  • 3 Beds
  • 2 Baths
  • 984 ft²

Residential

5416 Foxboro Rd, Jacksonville, Florida

MLS® #979910

Great Opportunity To Own A Home Located In Sherwood Forest. Come See This 3 Bedroom 2 Bath Home With A 1 Car Garage And Outdoor Storage Shed. Home Needs Some Tlc And Is Being Sold ''as Is''. This Is A Short Sale And Is Subject To Banks Approval.

Bank Owned Property Over Looking The St Johns R...

Photo of Listing #975644

$458,000 Active

  • 4 Beds
  • 3 Baths
  • 1.48 Acres
  • 2,640 ft²

Residential

2196 Spanish Bluff Dr, Jacksonville, Florida

MLS® #975644

Bank Owned Property Over Looking The St Johns River, Across From The Dames Point Bridge On Little Over An Acre. Perfect Location, Quick Access To 295, 10 Minutes From Downtown & 15 Minutes To The Beach. Property Has A Large Back Porch, Stunning Old Growth, ...

Great Opportunity On This Gorgeous 2 Story Home...

Photo of Listing #972627

$199,900 Active

  • 5 Beds
  • 3 Baths
  • 0.25 Acres
  • 3,079 ft²

Residential

15206 Little Filly Ct, Jacksonville, Florida

MLS® #972627

Great Opportunity On This Gorgeous 2 Story Home Featuring Wood Laminate Floors Downstairs, Equipped Kitchen With 42'' Cabinets, French Doors To Covered Patio Overlooking Largest Preserve Lot In The Subdivision, Humongous Master Suite With Glamour Bath And W...

Note: This Is A Tear-down Property. The Home O...

REDUCED 17% Photo of Listing #969411

$145,000 Active

  • 3 Beds
  • 2 Baths
  • 2,173 ft²

Residential

5727 Hyde Park Cir, Jacksonville, Florida

MLS® #969411

Note: This Is A Tear-down Property. The Home On This Property Requires Demolition And Has Been Cleared For Demolition; Therefore, The Property Will Be Sold For Land Value Only. Fantastic Location On The Canal With A Relaxing View And Golf Course Across Th...

Beautiful Bank Owned Ranch Style Home With Wrap...

Photo of Listing #967708

$540,000 Active

  • 4 Beds
  • 3 Baths
  • 0.35 Acres
  • 3,253 ft²

Residential

1285 Lily St, Atlantic Beach, Florida

MLS® #967708

Beautiful Bank Owned Ranch Style Home With Wrap Around Porch!! Relax On The Front Porch Looking At The Intracoastal Waterway Sunrise.. Spacious 3200+ Sf Of Heated Living Space Gives You Plently Of Room To Bring Your Family Or To Start One. This Property Is...

Are Foreclosures a Good Deal?

Two small points of information on buying foreclosures:  

1. The banks aren't interested in low ball offers.  Forget what your friends told you about some crack pot home they bought at 10 cents on the dollar back in 2009... those days are long gone!  Can you find foreclosure type properties being offered for sale BELOW market value, sure but they are often in questionable locations, and you don't want to buy in a bad location regardless of the deal you get!  

2. The real deals are at the auction!  When the banks foreclose, they first attempt the auction via the county courthouse.  The bank will typically (almost always) bid UP TO the amount owed on the mortgage.  If the house has a good amount of "equity" after the mortgage balance is paid, then you'll have other investors attempting to purchase the home at auction.  This is where you find the good deals. You'll need cash, they require full payment by the end of the auction day.    

Questions about Buying Foreclosures in Florida:

So why do homes go on the market via a REALTOR?  Those are the homes that didn't sell at auction, so the amount owed was probably more or close to what it's currently worth.  

Will the bank sell the home for less than what is owed on the mortgage?  Assuming you are talking about a home listed for sale on the local MLS:  Yes they will.  It's only worth what it's worth, so they'll accept less than what is owed.  

When a bank list a home for sale, will they accept a lower price?  This is a super common question, and the answer is yes but ONLY after they've attempted to get their original asking price over a period of some timeline they have internally set.  (we don't know what that timeline is, and they rarely share it).  

Short Sales are often a better "Deal"

All that being said, there are still some gems in here!  Those gems are more prevalent in Short Sales in our opinion as you are more likely to find homes taken care of vs abandoned.  You'll have owners often times still living in the home and caring for the home, but they've just decided to sell and their home is currently upside down.  Can you buy this home for less than market value?  Usually, but more often than not you are buying just slightly below value and in turn you are already getting a better cared for home than you'll find in a long abandoned Foreclosure.  

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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than RE/MAX Specialists are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2019 Northeast Florida Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on April 23rd, 2019 at 10:38pm EDT.

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