Foreclosures in Georgetown 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 Georgetown, check back daily for new listings.
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Georgetown is a mix of industrial and residential, a reminder of the beginning of the city of Seattle. The original location of Seattle's first railroad in 1875, the primitive taverns and brick buildings of Georgetown have given way to large commercial enterprises and a mix of artists and urbanites. Lofts spaces, modest homes, galleries, and uniquely eclectic retail strips are at the heart of this neighborhood often described as "funky". Georgetown is also the heart of some of Seattle's finest breweries including the Georgetown Brewery and Emerald City Beer.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Georgetown. 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 Georgetown based on zip code 98108.
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