Louisville Foreclosures

Here is an updated list of REO properties in the Louisville, KY area.  Whether you are looking for a first home or another investment, there is a foreclosure home out there for you! 

Foreclosure FAQ

What is a foreclosure, or REO property?

A foreclosure is a property that a lender has taken possession of due to the lack of repayment.  Another term used for a foreclosure property is REO, which means Real Estate Owned.  It is common for these houses to sit vacant for months at a time, which is why a home inspection is recommended before going through with the purchase.

How long does it take to close on a REO property?

It usually takes about the same time as a tradtional sale to close (30 to 45 days). Foreclosures, however, are prone to liens, which can sometimes delay the closing.

What does Sold As-Is mean?

Most foreclosures are sold as-is, which means that the seller will not make any repairs to the house. You are taking the house in it's current condition and taking full responsibility for any repairs that need to be made.