Daphne, Alabama foreclosed properties account for a relatively small portion of the total listings available for sale. There are currently 20+ REO(Bank Owned) foreclosures on the market in Daphne, AL, with prices ranging from well below $100,000 to up into the $300,000 range.
Prior to making an offer on a REO foreclosure, you will want to consult with a local Baldwin County Realtor in regards to our foreclosure laws and more specifically Alabama's 1 year right of redemption. Many banks require anywhere from 1 to 3% in earnest money and either a mortgage pre-approval or proof of funds letter to be submitted with the offer. Learn more about Alabama's current foreclosure laws.
The link below will provide you with access to up to date MLS information on foreclosures currently being marketed for sale in Daphne.
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