Foreclosures in Lynnwood 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.
Lynnwood is a city of 26,000 located in Snohomish County. Retail shopping is the hallmark of Lynnwood, with Alderwood mall and a plethora of adjacent shopping outlets and strip malls nearby. Lynnwood has plenty of community parks and recreational trails.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Lynnwood. 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 Lynnwood based on zip code 98036.
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