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.

7 Properties
4
Beds
3F11/2
Baths
3,400
Sq.Ft.
1920
Year Built
111
Days on Site
1528092
MLS
This fine home is better than new construction in the Highlands! Hurry to this one and the buyer can choose cabinets, flooring, etc. Three levels will be finished. All new plumbing, sewer line, high...
$222,775
Subdivision: Wilke Ridge
3
Beds
2F11/2
Baths
2,391
Sq.Ft.
2015
Year Built
221
Days on Site
1520902
MLS
3 bedroom, 2.5 bath two story home. Bank owned foreclosure, sold as-is. Home is only four years old. Square footage is not warranted. Buyer is responsible for de-winterization for any inspections.
Under Contract
4006 Lomond Dr Louisville, KY 40216
$115,000
Subdivision: Heatherfield
3
Beds
1
Baths
1,612
Sq.Ft.
1961
Year Built
18
Days on Site
1536467
MLS
Pre-foreclosure sale, seller is willing to minimum FHA, VA repairs only. Needs TLC
3
Beds
1
Baths
1,150
Sq.Ft.
1953
Year Built
19
Days on Site
1536289
MLS
BRICK 1.5 STORY WITH COVERED FRONT PORCH, UNFINISHED BASEMENT, LARGE PARTIALLY FENCED YARD, SOME HARDWOOD FLOORS , CONVENIENT TO MOST EVERYTHING, THE UPSTAIRS HAS A LARGE ROOM AND CLOSET AREA AND...
2
Beds
1
Baths
854
Sq.Ft.
1910
Year Built
1
Days on Site
1538026
MLS
Great opportunity to buy a nice investment property! This 2 bedroom 1 bath shotgun house near Churchill Downs has updated paint colors, galley kitchen, laundry hookups and newer A/C unit. A specious...
$38,900
Subdivision: Sylvania
2
Beds
1
Baths
744
Sq.Ft.
1953
Year Built
8
Days on Site
1537452
MLS
Bank foreclosure - sold as is - furnace & water heater are missing. Seller prefers property to be listed 10 days before responding to offers. Lots of potential - make an appointment to see.
1
Beds
1
Baths
1,344
Sq.Ft.
1921
Year Built
116
Days on Site
1527652
MLS
Bank owned, selling ''AS IS''. Seller prefers property to be listed 10 days before responding to offers. Lots of potential. Make an appointment to see.
Real Estate Talk

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