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Panama City Beach Foreclosures

Looking for the best foreclosures in Panama City Beach? Look no further. We've compiled a list of foreclosures in Panama City Beach so you don't have to! Whether you call them bank-owned property, real estate owned (REO) property, or foreclosures, they're all right here!

Narrow your search even more:

Condo Foreclosures

Home Foreclosures

Get e-mail alerts on foreclosures at the bottom of this page!

Foreclosure Listings

All Listings	Under $100,000	$100,000 - $200,000
$200,000 - $300,000	$300,000 - $400,000	$400,000 - $500,000
$600,000 - $700,000	$700,000 - $800,000	$800,000 - $900,000
$900,000 - $1,000,000	Over $1,000,000

123 Search Results Found. Showing Results 1 - 15.

Foreclosure Alerts

Do you want to be updated the next time a foreclosure is listed in Panama City Beach? Join the many who get the deals before everyone else! Simply click on the link that best describes what you're looking for. If you haven't already registered, it will ask you to register and once completed it will apply the foreclosure alert right to your account. It's that simple!

Available Updates:

Condo Foreclosures Between $0           and $200,000
Condo Foreclosures Between $200,000 and $400,000
Condo Foreclosures Between $400,000 and $600,000
Condo Foreclosures Between $600,000 and $800,000
Condo Foreclosures Between $800,000 and $1,000,000
Condo Foreclosures Above    $1,000,0000

Home Foreclosures Between $0           and $200,000
Home Foreclosures Between $200,000 and $400,000
Home Foreclosures Between $400,000 and $600,000
Home Foreclosures Between $600,000 and $800,000
Home Foreclosures Between $800,000 and $1,000,000
Home Foreclosures Above    $1,000,0000

How do foreclosures work?

Unlike short sales, foreclosures have been taken back by the bank through legal means. Therefore, if you make an offer on a foreclosure listing, you don’t have the agony of waiting weeks, or even months, to receive an acknowledgement that your offer has been received and that it has either been accepted, rejected or countered. Foreclosures listings are usually handled by negotiators who are ready and waiting to receive offers. It’s almost like a regular resale; however, it’s a corporation, not an individual.
 
Saying that, you do need to be aware that almost all foreclosures are written on “As-Is” contracts. Why? Because, banks will not (typically) fix any problem that arises from a foreclosure contract. If they do, it’s before the listing goes active on the market. So, remember, when buying a foreclosure property, you’re buying it “as-is, where-is.”
 
In addition to your offer being placed on an “As-Is” contract, we’re seeing many banks counter back with various addendums. These addendums can be anywhere between two, to twenty pages, and include disclosures stating that you’re buying the property as is and that they have no information pertaining to the property’s condition. You must carefully read these addendums because many times the banks will include a “Per Diem” clause which states that you will pay them a fee for every day past the original contract closing date. For the most part, we’ve seen $100 Per Diem fees on foreclosure contracts.