Foreclosures in Lakeridge 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 Lakeridge, check back daily for new listings.
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Lakeridge is a South Seattle neighborhood with great access to Lake Washington views, waterfront, and parks. Just North of Bryn Mawr, Lakeridge has some of the more affordable lakeside homes in Seattle. While busy Rainier Ave runs along the shoreline, most of the neighborhood has a quiet residential feel.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Lakeridge. 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 Lakeridge based on zip code 98178.
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