Will the bank make repairs on a bank-owned home?

Generally no. Bank-owned homes are sold as-is, but buyers can usually inspect during the inspection period.

Bank-Owned Homes in Stuart and Martin County

Q: How do I find bank-owned homes in Stuart, FL?

The MLS lists foreclosure and bank-owned homes in Martin County, and inventory is small, so a broker can set up alerts for new bank-owned listings. Wayne Gebhardt of Homesaver Real Estate in Stuart watches for REOs for buyers. Call or text 772-600-4836.

Q: What is the difference between a foreclosure auction and a bank-owned home in Florida?

Foreclosed homes are first offered at the county clerk's online foreclosure sale, usually for cash and without an inside look. If the lender takes title, it lists the home with a broker as an REO (bank-owned) home, which buyers can inspect and finance.

Bank-owned homes don't come up often in Stuart, and the good ones go fast. Wayne Gebhardt, Broker/Owner of Homesaver Real Estate on SW Sally Way in Stuart, has listed bank-owned (REO) properties for banks and asset managers and helped buyers purchase them since 2008. This page shows the current foreclosure and bank-owned listings in Martin County, and answers the questions Stuart-area buyers ask most.

What's available right now

Inventory is small. In mid-November 2026 the MLS showed about 10 foreclosure and bank-owned listings in all of Martin County, only 3 of them in the city of Stuart. They ranged from older 2-bedroom condos and villas to single-family homes in Jensen Beach, Palm City and Hobe Sound, priced from under $100,000 to over $1 million. The live listings below update daily.

Because so few come up, it helps to have someone watching for you. Wayne can set up an alert for new bank-owned listings in the towns and price range you want, and let you know when an REO is about to hit the market.

Where bank-owned homes turn up in Martin County

Stuart, Jensen Beach and Port Salerno condos. Older condo and villa communities make up a good share of Martin County REOs. They can be the most affordable way into the area, but the association matters as much as the unit.
Palm City and Hobe Sound single-family homes. Less frequent and often priced closer to market, but sometimes in neighborhoods that rarely have a discount.
Indiantown and western Martin County. Lower price points, more land and manufactured homes, and often more repairs.

Buying a bank-owned condo in Stuart: check the association

With a bank-owned condo, the building and the association can matter more than the unit. Before you make an offer, Wayne helps you look at:

Unpaid assessments or dues the bank may or may not cover at closing
Recent or planned special assessments, reserves and the budget
Milestone inspection and structural reserve study status for older buildings, under Florida's post-Surfside condo laws
Association approval, leasing and pet rules, especially if you're buying to rent
Whether the building qualifies for the loan you plan to use

Common questions about bank-owned homes in Stuart

How do I find bank-owned homes in Stuart, FL?
The listings on this page show every foreclosure and bank-owned property in Martin County on the MLS, updated daily. For new listings as soon as they appear, ask Wayne to set up an alert.

What's the difference between a foreclosure auction and a bank-owned home?
In Florida, foreclosed homes are first offered at the county clerk's online foreclosure sale, usually for cash and without going inside. If no one outbids the lender, the bank takes title and lists the home with a broker. That's an REO, or bank-owned home, and you can inspect it and use a mortgage.

Can I get a mortgage on a bank-owned home?
Usually, if the home is in livable condition. Homes that need major work may need cash or a renovation loan. Talk with your lender early.

Will the bank make repairs?
Generally no. Bank-owned homes are sold as-is, but you can usually inspect during the inspection period and walk away if the problems are too big.

Can insurance be a problem?
Yes. In Florida, the roof's age and condition and the home's wind protection can decide whether you can get homeowners insurance, and at what cost. Get insurance quotes during your inspection period.

Who is a bank-owned specialist in Stuart, FL?
Wayne Gebhardt, Broker/Owner of Homesaver Real Estate in Stuart, has listed and sold REO and bank-owned properties on the Treasure Coast since 2008 and represents buyers of bank-owned, HUD and foreclosure homes. Call or text 772-600-4836.

General information as of November 2026, not legal or financial advice. Listing counts change daily. Confirm details for a specific property with your agent, lender, insurance agent and, when needed, a Florida real estate attorney.