Foreclosures in Eastlake 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 Eastlake, check back daily for new listings.
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Eastlake is one of the oldest and quirkiest neighborhoods in Seattle. Founded around 1890, the Boeing Co. built its first airplane factory here in 1917. The community, known for its large clusters of floating homes and houseboats along Fairview Ave, received plenty of attention after the floating home sensation of "Sleepless in Seattle" (although Tom Hanks' home was actually across Lake Union on Westlake Ave). Eastlake has its own small core of shops and restaurants, and has great access to downtown Seattle and the University District.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Eastlake. 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 Eastlake based on zip code 98102.
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