One of the hard realities of the current housing market is that some people took up loans that they can not afford to keep once their Adjustable Rate Mortgage began to adjust. In a some cases homeowners are having to sell their homes in pre-foreclosure sales, or in some cases the lenders are foreclosing and taking possession of the property. RealtyTrac has an online tool that allows home buyer to look at some of these properties. After a quick look today I saw a variety of properties ranging from an $432,000 foreclosure in Amberly to a $9,500 bank owned 4 bed 2 bath home in Norwood. The website does require a registration and membership fee but it does provide some very good free preliminary information and it is worth reviewing.

Tags: bank owned homes, Cincinnati homes, Cincinnati Real Estate, foreclosure, pre-foreclosure, property auction