Foreclosures in Federal Way 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.
Federal Way, WA
Federal Way sits at the southern border of King County. With a population of 90,000, it's a large city that sometimes flies under the radar. Located adjacent to I-5, Federal Way has quality commute access into Seattle or Tacoma, with Highway 99 as an easy backup route. Federal Way is home to the Weyerhauser company, the largest private owner of softwood timberland in the world. Nearby attractions include Wild Waves and Enchanted Village theme parks, as well as Dash Point State Park on the waterfront.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Federal Way. 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 Federal Way based on zip code 98003.
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