Foreclosures in Central Area 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.
If there are no foreclosures available today in Central Area, check back daily for new listings.
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Central Area, Seattle
Central Area is a neighborhood located just east of downtown Seattle, and is often referred to as the Central District. The Central District is a mixed-use residential neighborhood of family-owned businesses, historic landmark houses and some of the lowest home prices in the central city. Close proximity to downtown and I-90 make the Central Area an attractive option for Seattle and Eastside workers.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Central Area. 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 Central Area based on zip code 98122.
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