Lake Conroe Foreclosure Homes for Sale

Lake Conroe Foreclosure Homes for SaleWhen you think about Foreclosures and Foreclosure Homes, what comes to mind?  Low prices, investment opportunies, or paperwork and property damage?  There are many common misconceptions that although sometimes true, should not be counted on when buying a foreclosure.  

Learn more by clicking on the article, otherwise feel free to browse all current active Foreclosures For Sale in the Lake Conroe area!

There are several Pros and Cons when Buying Foreclosure Homes. Read More...

Foreclosure Homes for Sale

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $700,000 - $800,000
31 Properties Found. Showing Page 1 of 4
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Awesome Waterfront Lot On The Large Island In B...

$799,900
Montgomery, Texas
0.43 acres Lots
Price:
$799,900
City:
Montgomery
Type:
Lots
MLS® #:
7808624
Provider:
Performance Realty, Inc.

Awesome Waterfront Lot On The Large Island In Bentwater. Features: Seperate Gated Entrance Onto ...

Photo of Listing #7808624

This Property Is A Must See! Property Is On A G...

$375,000
Conroe, Texas
3 br, 3½ ba, 4,680 ft² Single-Family
Price:
$375,000
City:
Conroe
Beds:
3
Baths:
Type:
Single-Family
MLS® #:
76043900
Provider:
Champions Real Estate Group

This Property Is A Must See! Property Is On A Golf Course. Additional 2 Rooms May Be Converted In...

Photo of Listing #76043900

Great Home Sitting On Over 3 Acres Featuring Co...

$316,000
Conroe, Texas
3 br, 2 ba, 3,047 ft² Single-Family
Price:
$316,000
City:
Conroe
Beds:
3
Baths:
2
Type:
Single-Family
MLS® #:
38535844
Provider:
Trillionaire Realty

Great Home Sitting On Over 3 Acres Featuring Covered Porch, Open Floor Plan, Detached Garage, And...

Photo of Listing #38535844

What A Wonderful Wooded Lot! Circular Drive Wi...

$249,950
Montgomery, Texas
4 br, 4 ba, 3,517 ft² Single-Family
Price:
$249,950
City:
Montgomery
Beds:
4
Baths:
4
Type:
Single-Family
MLS® #:
12854466
Provider:
Berkshirehathaway Homeservices Anderson Properties

What A Wonderful Wooded Lot! Circular Drive With Large Work Shop And Attached Living Space. Nic...

Photo of Listing #12854466

Small House, Aprox 392 Sq.ft. According To Sell...

$214,000
Willis, Texas
1 br, 1 ba, 17.00 acres Single-Family
Price:
$214,000
City:
Willis
Beds:
1
Baths:
1
Type:
Single-Family
MLS® #:
98539097
Provider:
Realm Real Estate Professional

Small House, Aprox 392 Sq.ft. According To Seller, Kitchen Living Area, One Bedroom And One Bath,...

Photo of Listing #98539097

Foreclosure Property Has Five Bedroom And Thre...

$164,300
Conroe, Texas
5 br, 3 ba, 2,110 ft² Single-Family
Price:
$164,300
City:
Conroe
Beds:
5
Baths:
3
Type:
Single-Family
MLS® #:
47228654
Provider:
Realhome Services & Solutions

Foreclosure Property Has Five Bedroom And Three Bath With Separate Living Room,onecozy Fireplace...

Photo of Listing #47228654

Beautiful Home In Rivershire, 4 Bedroom With Ma...

$149,900
Conroe, Texas
4 br, 2½ ba, 2,462 ft² Single-Family
Price:
$149,900
City:
Conroe
Beds:
4
Baths:
Type:
Single-Family
MLS® #:
76092194
Provider:
Carrington Real Estate Services (us), Llc

Beautiful Home In Rivershire, 4 Bedroom With Master Down,2 1/2 Bath, Gameroom,fireplace W/gas Log...

Photo of Listing #76092194

Convenietly Located Near Woodlands Shopping Mal...

$146,000
Conroe, Texas
4 br, 2½ ba, 2,502 ft² Single-Family
Price:
$146,000
City:
Conroe
Beds:
4
Baths:
Type:
Single-Family
MLS® #:
47335049
Provider:
Realhome Services & Solutions

Convenietly Located Near Woodlands Shopping Mall, Dining And Entertainment. Sold As Is. Due Dilig...

Photo of Listing #47335049

Foreclosure Pros:

  • Low Prices & Better Deals - Foreclosures often seem to be priced lower than other resale property, because banks tend to price their foreclosures competitively from the beginning in order to move the property sooner rather than later.  Over time, most banks and foreclosure entities will lower their price by a certain percentage on a consistent basis using a set system, and given enough time, are prepared to "cut their losses" in order to close the file.
  • Emotion Free Transactions - Banks tend to handle the sale of foreclosed property by the books.  It's a numbers game and they aren't going to be offended because you don't think their property is worth what they say it is.  Either the numbers work, or they don't!

Foreclosure Cons:

  • Emotion Free Transactions - Unfortunately the coin goes both ways, and a financial institution will just as quickly say NO to you if the numbers don't work.  They don't have the sense of urgency that you might be able to take advantage of in a motivated individual seller, and especially within the first month of being listed, they don't budge much on the price.
  • Property Damage & Lack of Repairs - A lot of times, foreclosures will be listed "As Is" and the bank has no intention of investigating, disclosing or repairing any existing property damage, missing appliances, etc.  So in the end you have to decide if a particular foreclosure is worth the headache, and very thorough when having the property inspected.
  • Paperwork & Red Tape - Certain types of foreclosures (ex. HUD Properties, Fannie Mae, etc.) require additional paperwork additional conditions that must be met, that may prolong the process, or even keep you from qualifying to purchase the foreclosure.  
All in all, as long as you are careful, foreclosures often times are less expensive, no-nonsense investment opportunities, and although Lake Conroe Real Estate is booming, there are several foreclosure homes available!
 
If you're interested, feel free to check out our Lake Conroe Pre-Foreclosure and Short Sale Homes for Sale.


Copyright © 2014, Houston Realtors Information Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

The IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed curate by the MLS and should be independently verified.

Listing information last updated on September 1st, 2014 at 5:45am CDT.