Montgomery County TX Foreclosures

When a homeowner is unable to make their mortgage payments, their house will be put up for auction by the bank. If the auction doesn't successfully land a buyer, then the house will become a real estate owned property (also called an "REO" or "bank-owned home"), and will be listed for sale by the bank. Because the bank is eager to recoup their money, buyers can sometimes find great bargains and investment properties among the list of bank-owned homes for sale.

Browse our wide selection of listings below and learn more about buying a foreclosure and bank-owned home.

Search Montgomery County Foreclosed Homes

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Search Montgomery County Foreclosed Homes

11 Properties Found. Page 1 of 1.
Photo of Listing #84319955

71 W Victoria Dr, Montgomery

$479,900 - 4 Beds, 4 Baths, 3,191 Sf

MLS® # 84319955

Texas Home Group, REALTORS
Photo of Listing #69983155

21802 Lindheimer Rd, Hockley

$429,000 - 5 Beds, 4 Baths, 6,136 Sf

MLS® # 69983155

Owners.com
Photo of Listing #46780400

31111 Purdue Park Ln, Spring

$354,900 - 5 Beds, 4 Baths, 4,037 Sf

MLS® # 46780400

Hewitt Real Estate Group
Photo of Listing #78028859

9179 Black Buck Ln, Conroe

$346,000 - 3 Beds, 3 Baths, 3,440 Sf

MLS® # 78028859

Coldwell Banker Realty
Photo of Listing #32663851

34506 Kristine, Pinehurst

$335,000 - 4 Beds, 4 Baths, 2,501 Sf

MLS® # 32663851

Coldwell Banker Realty
Photo of Listing #34454702

21451 Lindell Run Dr, Porter

$245,000 - 4 Beds, 3 Baths, 2,456 Sf

MLS® # 34454702

BHGRE Gary Greene
Photo of Listing #90100384
New Listing

25218 Needham Rd, Porter

$209,900 - 5 Beds, 3 Baths, 2,600 Sf

MLS® # 90100384

Texas Real Estate & Co.
Photo of Listing #52157363

609 Jeb Stuart Ln, Conroe

$179,900 - 4 Beds, 3 Baths, 2,538 Sf

MLS® # 52157363

Graham & Company Realty Group
Photo of Listing #36598497

404 Holly Ln, Conroe

$173,000 - 3 Beds, 2 Baths, 2,032 Sf

MLS® # 36598497

Ameristar, REALTORS
Photo of Listing #2920414

16662 E Hammon, Montgomery

$139,000 - 3 Beds, 2 Baths, 1,088 Sf

MLS® # 2920414

Coldwell Banker Realty
Photo of Listing #92082369

15238 Schank Rd, Conroe

$129,900 - 3 Beds, 2 Baths, 1,456 Sf

MLS® # 92082369

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Montgomery County Foreclosures and Bank-Owned Homes

Montgomery County bank-owned homes for sale are diverse, ranging from charming ranchers to large, traditional homes. You can expect to find Montgomery foreclosures on substantial properties, down enchanting, tree-lined streets.

Montgomery County foreclosures can be found throughout the area in the most favorable locations, like Magnolia and The Woodlands. You can find huge homes with beautiful brick exteriors and great patios, perfect for outdoor living. Some of the larger foreclosures have outstanding amenities, like swimming pools and patios, made for those who entertain. Properties in Montgomery County are ideal for growing flowers and greenery because they’re in the shade of mature, canopying trees.

You can find homes with open floor plans and plenty of bedrooms, made for growing families. Some of the homes are move-in ready, with recently upgraded stainless-steel appliances and stylish interiors.

Many Montgomery County bank-owned homes for sale are great opportunities for home buyers looking to create a custom home. These homes have great structures on amazing properties, but the interiors need a little TLC.

Doing renovations on a home is the perfect opportunity to make it the home of your dreams. Work around the already amazing frame of the home to create custom living spaces that suit your needs and preferences.

You may have heard that when you’re wanting to renovate a home, you should look for the least expensive house in the best location. This can easily be done when you’re searching through foreclosed and bank-owned homes as many of them are listed for bargain prices in amazing areas.

Understanding Foreclosures and Bank-Owned Homes

When a bank repossesses a home due to the owner not paying their mortgage, the home goes into the foreclosure process--this is when the lender tries to sell the home to retrieve the money they loaned out.

The lenders first attempt at selling the home is through an auction. During the period of the auction, buyers can contact a real estate agent to arrange a showing. When going through the home, consider if it’s right for you. Hire a professional to do an inspection to help you determine the condition of the home.

When you decide that this home meets all your requirements, prepare a bid with your real estate agent. For the auction, the lender sets a minimum price they will accept for the home, plus the legal costs of foreclosing, so be sure to bid competitively. If you give the highest bid that satisfies the lenders monetary conditions, then the home is yours!

Manytimes, though, auctions don’t go as smoothly as this. When nobody bids the minimum amount, the home then becomes an REO or a bank-owned home. While the home is bank-owned, the lender must pay the property taxes and upkeep. Lenders, though, are not interested in paying these fees because their business is lending, not property management. Oftentimes banks are eager to sell the home, even for a bargain price.

Foreclosed and bank-owned homes are sold “as is,” so negotiating a lower price for the cost of repairs can be difficult. But, with the money you save from buying on discount, you can put the extra dollars towards repairs and renovations, which ultimately gives you a home custom to your wants and needs.

When you buy a foreclosed or bank-owned home, be sure to contact a real estate agent who specializes in this area. An agent can help you identify the best deals and can determine if list prices are negotiable.

Contact us to learn more about homes in Montgomery County

Janet Owens The Property Source

Janet Owens & The Property Source real estate agents will be happy to provide you with more information about Montgomery County real estate, show you properties that have caught your eye, and guide you through the buying process.

Contact us online, or call 281.844.6584 today!


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Copyright © 2020, 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 accurate by the MLS and should be independently verified.

Listing information last updated on October 29th, 2020 at 3:25pm CDT.