Foreclosures in Tacoma 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.
Tacoma is Washington state's third-largest city, with approximately 200,000 residents. Located 30 miles south of Seattle, Tacoma's position on Puget Sound's shoreline allows for beautiful views from across the city. Tacoma is the county seat of Pierce county and the state's busiest port, with the deepwater Commencement Bay drawing a wide range of international shipping traffic. Located at the terminus of the original Northern Pacific Railroad, Tacoma garnered the nickname "City of Destiny" early in its history.
Our exclusive Local Market Research helps you make more informed decisions. Each week we publish market updates for Tacoma. 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 Tacoma based on zip code 98402.
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