Bank Owned Real Estate In Staten Island

Foreclosure, bank owned homes, and Real Estate Owned (REO) are practically the same.

Bank Owned Homes – The bank or lender foreclosed on the property and now has full ownership of the home.

A public foreclosure auction can occur when ownership of the property officially transitions to the bank. If the property is not sold during the public foreclosure auction, the property is then listed with a real estate agent. You can purchase the property from the bank through a real estate agent once the property has been listed. [Read More...]

(Source: Bank of America Real Estate Center)

Bank Owned Property In Staten Island

• All Listings
• Under $100,000
• $100,000 - $200,000
• $200,000 - $300,000
• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
• $800,000 - $900,000
• $900,000 - $1,000,000
• Over $1,000,000

Bedrooms

Bathrooms

Price Range

Save Search

Sort by:

Price, low to high

Featured

$2,900

821 Clove Road, Staten Island

0 Beds 0 Baths 2,580 SqFt Commercial Lease MLS® # 1163688

Featured

$4,300

2246 Victory Boulevard, Staten Island

0 Beds 0 Baths 2,700 SqFt Commercial Lease MLS® # 1161610

Featured

$130,000

1000 Clove Road 9-k, Staten Island

0 Beds 1 Bath 500 SqFt Residential MLS® # 2401855

Featured

$189,000

1100 Clove Road 3-g, Staten Island

1 Bed 1 Bath 0 SqFt Residential MLS® # 1165223

Featured

$189,000

1000 Clove Road 5-d, Staten Island

1 Bed 1 Bath 650 SqFt Residential MLS® # 1164336

Featured

$225,000

1000 Clove Road 5-b, Staten Island

1 Bed 1 Bath 750 SqFt Residential MLS® # 2401535

1 2 3 4 256

Next

What You Should Do With Bank Owned Homes

Know your budget. Most of these homes are sold "as is." Meaning if the property is in need of renovation. Consider the additional costs required to complete them.

Inspections. It is an important step to hold an inspection to know what the home is missing or needs improvement on. Be sure to make a list of repairs that you would bring up to your agent.

Be ready. As with any real estate transaction, if you are a serious buyer and approved for financing, you need to be able to act quickly. Many investors are interested in REO homes and they are often able to move fast.

Bank Owned Homes - Buying Process:

• Reach out to one of our licensed real estate professionals: Enough said.
• Getting approved and prequalified: Your agent will guide you through the step that will help you determine your budget. This step takes a little longer than a typical real estate transaction because the bank has to approve the offer. Getting prequalified involves providing financial and other information like employment history and the funds you would use for a down payment.
• Working with your agent: Your real estate agent can help you make a reasonable price and assist you with the approval process, if accepted.
• Closing time: Once the offer is finalized, the contract is similar to any other home buying transaction.