Foreclosures in Bonney Lake on SeattleHome.com are homes that are owned by a bank or lender. These are sometimes referred to as REO (Real Estate Owned), ORE, or bank-owned homes. Other foreclosures are sold at county auctions, which are riskier and require all-cash buyers.
In contrast, these bank-owned foreclosures are fairly straightforward and allow for bank financing. Even inexperienced buyers have access to bank-owned foreclosures. Our buyers have the option of an inspection period before closing the contract on a foreclosure. This allows the buyer a short-term "grace period" in case the property doesn't live up to their expectations.
Bonney Lake, WA
Bonney Lake is located in Pierce county, just 30 miles South of Seattle. With around 17,000 residents, it is just a short drive from big city amenities in Tacoma, but has a small town feel and access to plenty of outdoor activities. Bonney Lake has an active Chamber of Commerce and annually runs a "Beautify Bonney Lake" event that many locals participate in.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Bonney Lake. You can see the latest trends in pricing, affordability, supply and demand. We invest in this research so our clients always have the latest insights to make the best decisions with confidence. Below are the latest home pricing trends for Bonney Lake based on zip code 98391.
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