Also known as Real Estate Owned by the Bank. The reason the bank owns the property is because they gave a loan to someone to buy the property. That individual could not afford the monthly payments for one reason or another, so the bank was forced to take ownership of the property as payment for the loan. However, it is not in the banks best interest to keep the property, so they normally sell properties like this at a reduced price in order to get rid of them faster.
$349,900
Days on Market: 157
Property Type: Single Family
Bedrooms: 6.0
Square Ft:
4,560
Bathrooms: 3.0
Sales Type: Foreclosure REO
list date: 06/05/2009 by bargain network
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