Louisville KY Foreclosures for Sale

If you are looking for a home in the Louisville area you might consider purchasing a property that was in foreclosure.  While not for everyone, if you do some research, ask the right questions and seek professional advice, foreclosure properties can give you some real bang for your buck.

Here are some ideas to help you guard your investment before you buy a property that came onto the market due to foreclosure:foreclosure properties in Louisville KY

Foreclosure properties in Louisville take time get listed on the market.  If you see a home that interests you and it appears to be unoccupied, check with your real estate professional to see if it is available. If it is in a foreclosure process, it may be some months before the property is listed on the market. Once the sale is advertised, your work begins. If a home was in foreclosure, compare the property value to others in the area. Is the listing price favorable? If so, you can schedule an appointment to see the home.

 If you really like what you see and would like to place an offer on the home, consider hiring a certified home inspector to carefully assess the condition of the property. A successful home inspection can be made a condition of your sale offer. This is important, because if the previous owner was under financial pressure, he/she may not have properly maintained the home. Getting a home inspection report can save you save you nightmares later.

One other safeguard you may be able to put into place on a foreclosure property is a home owner’s warranty.  Often this can be made a condition of the sale and requires the owner to purchase one year of home owner warranty coverage at their expense. That way, if the unexpected happens you are facing a small deductible, not a major repair.

In today’s market, foreclosure properties can offer an incredible value if you do the research and take the time to guard your investment before you buy.

Search Foreclosures

These Foreclosures for sale are updated every day from the  Louisville KY MLS. If you would like more information on any of these Louisville Foreclosures for sale, just click the "Request More Information" button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of homes recently sold nearby, and more.

And, if you haven't already, be sure to register for a free account so that you can receive email alerts whenever new Foreclosures come on the market.

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202 Waterleaf Way Louisville, KY 40207
$1,376,400
Bedrooms: 6
Baths: 8
Approx Sq Ft: 9971
202 Waterleaf Way
Louisville, KY 40207
MLS #: 1440650
Subdivision: mockingbird gardens
Nearly 10,000 finished square feet in the estate section of Mockingbird Gardens. First floor master suite with library, open kitchen/family room with lots of...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Re/Max 100
$614,950
Bedrooms: 6
Baths: 5
Approx Sq Ft: 5900
13020 Wellington Way
Goshen, KY 40026
MLS #: 1445030
Subdivision: longwood
BANK OWNED, BUT THIS IS NOT YOUR TYPICAL BANK OWNED PROPERTY!!! Exquisite custom-built home is located in Longwood Subdivision, one of Oldham County's most...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Re/Max Action First
$125,000
Bedrooms: 3
Baths: 1
Approx Sq Ft: 1173
3313 Stratford Ave
Louisville, KY 40218
MLS #: 1447117
Opportunity awaits in this 3 bedroom, 1 bath ranch home conveniently located near local amenities. This home offers 1,173 s.f. of living space with a galley...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Owners.Com
$94,500
Bedrooms: 1
Baths: 1
Approx Sq Ft: 1196
5100 Us Hwy 42
Louisville, KY 40241
MLS #: 1435995
Subdivision: glenview
Prestigious Glenview! Most utilities and maintenance included in monthly fee. You pay only your personal TV/phone/internet. Elevator for convenient access....
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Re/Max Associates Of Louisville
$71,900
Bedrooms: 2
Baths: 1
Approx Sq Ft: 912
424 N Main St
Lawrenceburg, KY 40342
MLS #: 1443403
Subdivision: downtown
Just recently freshened up inside and out. Hardwood floors look good! Good location! 2 bedroom, 1 bath, good investment, call today. bank owned, buyer/buyer's...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Century 21 Commonwealth Real Estate
$68,000
Bedrooms: 2
Baths: 1
Approx Sq Ft: 960
1122 Okolona Terrace
Louisville, KY 40219
MLS #: 1445596
Convenient location - close to I-65. 2 Bedroom 1 bath vinyl ranch with large deck, 1-car garage. Nice yard for entertaining. Some newer windows. This property...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Schuler Bauer
11527 N Tazwell Dr Louisville, KY 40241
$60,500
Bedrooms: 4
Baths: 3
Approx Sq Ft: 1763
11527 N Tazwell Dr
Louisville, KY 40241
MLS #: 1445529
Subdivision: shadowood town homes
Great location for this bank owned property! Lots of potential in this 4 bedroom and 2.5 bathroom property! Make this property into your own showplace! Brick...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Property Advancement Realty

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LOUISVILLE Market Trends

Total Properties Listed: 6,702
Month-Over-Month Change: 1.56%
Average Days On Market: 170
Total New Properties Today: 9
Median List Price: $149,250
Month-Over-Month Change: 2.30%