Madrona Foreclosures For Sale in Seattle

Foreclosures in Madrona 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.

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Madrona, Seattle

Madrona, nicknamed "The Peaceable Kingdom", is located between a wide mix of luxury, waterfront, and urban neighborhoods in Central Seattle. The mix of influences can be seen in the range of homes and residents within Madrona's borders. Beautiful historic homes can be found more often on the East end of Madrona near Lake Washington, while more affordable homes and a commercial center are located inland.

Madrona Market Statistics

Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Madrona. 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 Madrona based on zip code 98122.