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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$699,900
Bedrooms: 5
Baths: 4
Approx Sq Ft: 5431
3601 Constantine Dr
Prospect, KY 40059
MLS #: 1430688
Subdivision: constantine farms
Stately custom built home in a prestigious neighborhood just off Covered Bridge Road. This home with over 5,000 square feet has been freshly painted and is...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of England Associates
$225,000
Bedrooms: 4
Baths: 3
Approx Sq Ft: 2111
2803 Heather Ln
La Grange, KY 40031
MLS #: 1436614
Subdivision: borowick farms
Bank Owned Property-a great opportunity to live in Borowick Farms. Nearly 2000 sq ft of space. Updated kitchen-cabinetry, flooring, stainless steel...
Open House:  Sunday, February 14, 2016 from 2:00 PM - 5:00 PM
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Semonin Realtors
$112,000
Bedrooms: 3
Baths: 2
Approx Sq Ft: 1157
103 Randall Casteel Ct
Elizabethtown, KY 42701
MLS #: 1439131
RANCH STYLE HOME WITH AN OPEN LIVING AND KITCHEN AREA, CATHEDRAL CEILING, 3 BEDROOMS, 2 FULL BATHS ONE BEING WITH HANDICAP SHOWER. 1 CAR GARAGE, CONCRETE...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Elite Realty Group
$109,000
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
$66,100
Bedrooms: 3
Baths: 2
Approx Sq Ft: 1799
6326 Hanses Dr
Louisville, KY 40219
MLS #: 1433907
***property may be located in flood plain*** REO Property. Property Sold AS-IS W/O Repair, Warranty or Seller Disclosure. The Listing Broker & Seller assume...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Realhome Services And Solutions, Inc.
$59,900
Bedrooms: 3
Baths: 2
Approx Sq Ft: 1350
510-512 E Oak St
New Albany, IN 47150
MLS #: 1402167
510-512 E Oak Street is a single family home with a double lot approx. 30ft wide concrete driveway with a large detached garage. 3 bedrooms, 2 full baths & a...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Semonin Realtors
$59,900
Bedrooms: 3
Baths: 2
Approx Sq Ft: 1988
718 E Maple St
Jeffersonville, IN 47130
MLS #: 1417252
Bank Foreclosure. This home is being sold as-is, where is. Seller and seller's agents do not warranty the existence of heating and air units and other...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Semonin Realtors
3100 Grand Ave Louisville, KY 40211
$15,000
Bedrooms: 2
Baths: 2
Approx Sq Ft: 1067
3100 Grand Ave
Louisville, KY 40211
MLS #: 1433425
Investor needed! Great rental opportunity. Being sold as-is please by direction of lender. This is a pre-foreclosure and all offers must have proof of funding....
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Rainey, Jones & Shaw Realtors
$14,900
Bedrooms: 3
Baths: 1
Approx Sq Ft: 1172
1428 S 28Th St
Louisville, KY 40211
MLS #: 1415109
Subdivision: parkland
Bank Foreclosure. This home is being sold as-is, where is. Seller and seller's agents do not warranty the existence of heating and air units and other...
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Semonin Realtors
$12,000
Bedrooms: 3
Baths: 3
Approx Sq Ft: 1664
1506 W Jefferson St
Louisville, KY 40203
MLS #: 1435521
2 story brick home with 3 bedrooms and 3 full baths. Per the PVA, property is zoned as a duplex. Lots of potential. Home needs repairs. Property is bank owned....
Contact The Sokoler Medley Team at (502) 376-5483 to inquire about this property.
Listing provided courtesy of Property Advancement Realty

IN THE NEWS

Sunday, February 07, 2016

Louisville Home Shortage

The new Louisville numbers are out for January 2016 home sales and though sales are up the real story is the lack of home inventory. Looking at the numbers first, the number of homes sold in January 2016 were up 2.3% over the year before. The number of homes going under contract were up 12.6% over the same time period the year before.  But if you look at the new homes ...  Read More

LOUISVILLE Market Trends

Total Properties Listed: 6,497
Month-Over-Month Change: -6.19%
Average Days On Market: 185
Total New Properties Today: 13
Median List Price: $129,900
Month-Over-Month Change: -2.26%