Area Foreclosures

Why Consider a Foreclosure Property?

Foreclosure Property has become a very popular type of property recently. Search for Foreclosure property in St. Louis and St. Louis County by using the form above, or contact us to begin receiving Foreclosure listings. Due to the increase in foreclosures and the subsequent news coverage on our nation's housing, many Homebuyers are considering buying a Foreclosure Home. In addition to the Owner Occupied Homeowners, foreclosures have been consistently sought after by Real Estate Investors. Buying a foreclosure could result in a great deal for a Home Buyer or Investor!

Look at Our Interactive Map Based Exclusive City and Countywide Investment Property List Here

The Map Based Listings are very easy to use in your Search for Investment Deals. Search Our Comprehensive St. Louis Investment Property List here. These Zip Code Searches are set to Specific Criteria chosen by Reconnect Realty. The links in this list are organized into available Foreclosure and Investment grade properties. These properties are all handpicked based on Price, Location, Size and Potential for Renovation or Rental. Get Started, View Reconnect Realty's Comprehensive St. Louis Investment Property List Today!

Are all Foreclosure Properties Great Deals?

Not all property is created equal. While purchasing a Foreclosure could result in a great deal, there are many pitfalls that could cost a buyer down the road that should be avoided. Some common problems with Foreclosure property include:

Hidden Problems with Heating, Electrical and/or Plumbing Systems
Vandalism to the Property
Infestation from pests
Hidden liens from unpaid contractors or utility companies
Inspections may not be allowed per the Seller's Sale Contract
Un-paying or Non-Qualified Tenants in Rental Property

While these are only some of the problems with Foreclosure Properties, all of them can cost Thousands of Dollars to correct!

Reconnect Realty has not only assisted hundreds of Buyers locate Foreclosures, Stephen Prane, the Broker actively purchases Foreclosure Property. Contact us for Help Locating Foreclosure Property!

Why should you work with Reconnect Realty locate Foreclosure Property?

Reconnect Realty is an independent Full Service Real Estate Brokerage with years of experience with Investment Property. In addition to assisting Buyers and Investors locate quality Foreclosure Property, Reconnect Realty has first hand experience in purchasing, renovating and managing Foreclosure Property. From aggressive negotiating to spotting problems and costs, our Buyer Clients save Thousands of Dollars. Our in depth information and experience benefits every Buyer Clients on every Real Estate transaction. Best of all, our commission is typically paid by the seller, meaning there is no cost to our Buyers!

What is a Short Sale?

A Short Sale is the process of selling a property at a price below what is owed to the bank who holds the loan. This can be a somewhat complicated and lengthy process for either a buyer purchasing a property through a short sale or a seller trying to sell their property in a short sale. The bank will need to approve the price regardless of where the original list price was set. In order for them to approve the price, the seller must complete a short sale packet providing all necessary documentation to the bank. The property must also pass a BPO valuation or Broker Price Opinion. There are a lot of variables that can make or break a short sale thus making it difficult to complete.

Reconnect Realty can Help you through a Foreclosure and Short Sale

Reconnect Realty has extensive experience helping both Buyers and Sellers through the short sale process. There are many things a seller can do in order to increase their chances of obtaining a short sale approval. In some cases, the seller can walk away from owing any additional money to the bank regardless of how much of their loan was left unpaid. This is always the scenario we always pursue.

Buyers are educated about the length of time and process of a short sale. In addition, Reconnect Realty protects their Buyer Clients contractually in the event the Buyer changes their mind and decides to pursue another property. Call or Contact us for additional details on the process of Buying or Selling a Short Sale.

Up to the Minute St. Louis Foreclosure Property

$55,000

2300 Hebert , St Louis

May be eligible for FHA $100 down payment program. This incentive applies to owner occupants using FHA financing. This 3 bedroom, 2 bath ranch home is move-in ready! It ...

Beds 3
Baths 2.0

$41,000

4974 Schollmeyer , St Louis

A great opportunity on a three bedroom, two bath home located in the heart of South City. This property offers a lot of potential and is priced very well! You will love t...

Beds 3
Baths 2.0

$18,000

10428 Count , St Louis

3 BEDROOM 1 BATH RANCH WITH OVER 912 SQ FEET OF LIVING SPACE AND A PARTIALLY FINISHED BASEMENT. HOME HAS A NICE SIZE YARD. ALOT OF HOUSE FOR THE MONEY!!! HUD Acquired Pr...

Beds 3
Baths 1.0

$60,000

3287 Macklind , St Louis

Two bedroom ranch, with fenced in back yard, storage shed, hardwood floors, partially finished basement, off street parking, close to parks, public transportation, and mi...

Beds 2
Baths 1.0

$55,000

6407 West , St Louis

More living space than indicated in tax records. All brick bungalow w/ original woodwork & stained glass. Bright and open kitchen w/ breakfast room addition. Updated bath...

Beds 2
Baths 2.0

$139,000

2886 Gladwood , St Louis

3 bedroom, 2 bath, 2 garage with updated interior (newer carpet, vinyl, custom paint). Sharp eat in kitchen with center island,breakfast area, bedrooms have gleaming woo...

Beds 3
Baths 2.0

$20,999

3523 Itaska , St Louis

This 2 story home is just one block from St. Mary High School. Features hardwood floors and original trim throughout. Fenced double lot and oversized detached garage. ...

Beds 3
Baths 2.0

$29,900

1135 Duenke , St Louis

All brick house, 2 beds, 1 bath, fenced yard with 1 car garage. Seller to consider owner occupant offers for the first 15 days. Corporate-owned property, sold in curre...

Beds 2
Baths 1.0

$10,000

3730 Tholozan , St Louis

South City one bedroom bungalow, close to public transportation, partially finished basement. Make your appointment today. This is a Fannie Mae HomePath Property, this ...

Beds 1
Baths 1.0

$27,900

2909 Minnesota , St Louis

This is a Fannie Mae HomePath property. AGENTS, PLEASE SEE AGENT REMARKS. ALL OFFERS ARE NOW SUBMITTED ONLINE.Great three story residence in Tower Grove East! Some featur...

Beds 4
Baths 3.0

$19,000

4246 Schiller , St Louis

Cute bungalow with tons of potential! Excellent for the first time home buyer that wants to build some equity, or the investor wanting a great rental. Must see! Seller ...

Beds 1
Baths 1.0

$18,000

3711 Pennsylvania , St Louis

May be eligible for FHA $100 down payment program. This incentive applies to owner occupants using FHA financing. This converted single-family home was formerly a dupl...

Beds 2
Baths 2.0

$80,000

5352 Vine , St Louis

3 bedrooms and 2 full baths on the main level and patially finished lower level with a half bath. Hom needs some TLC bt the basis of this home is great. Home has an att...

Beds 4
Baths 3.0

$20,000

1861 Longford , St Louis

Home needs TLC. Home has 3 bedrooms and 2 bathss on main level. Home needs wrk but the basics are goo.

Beds 3
Baths 2.0

$90,000

6614 Michigan , St Louis

Spacious 4 bedroom 3 bath home with many updates. Large rooms throughout, including a master bedroom suite with remodeled bath, jacuzzi tub, walk in closet, and deck. K...

St Louis Foreclosure Search