How to Find Cape Cod Foreclosures, Short Sales and Bank Owned Homes for Sale
Purchasing Cape Cod real estate at a pre-foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at auction. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property.
A home owner may attempt a "short sale" whereby the bank agrees to accept less than the mortgage balance based on the owner's hardship and financial status. Obtaining approval can be a long and difficult process. Additionally, there is no assurance that the lender will accept an offer at or above the listed price. Visit How to Buy a Short Sale for a guide to this process.
Bank-owned and short sale listings are often marketed with a real estate agent and placed in the Massachusetts Multiple Listing Service (to ensure full market exposure).
Register at MA foreclosures (bank-owned) listings and short sale opportunities. We will contact you and provide:
- A list of existing real estate Cape Cod foreclosures (bank-owned) and short sale listings by town.
- Email alerts on NEW foreclosure (bank-owned) and short sale listings in the MA MLS.
- Address and mapping information.
For community information including school reports, demographic, relocation, home buying and selling information go to MA real estate. Visit Barnstable County MA MLS - Homes for Sale for a mapped based search of property listings by street and neighborhood.
Go to Virtual Homes MLS for a map based search of all MA MLS listings and MA Homes for Sale for direct MLS access to all listings. To obtain school, demographic, commuting, relocation, home buying and selling information go to Massachusetts real estate and Rhode Island real estate.
In addition to Cape Cod MA foreclosures and bank owned homes, Virtual Homes real estate agents provide home buying services for foreclosed real estate in surrounding communities. Please call 800-856-2479 for information.