$161,662
4 Bed / 3.0 Bath
2,410 SqFt.
Listing Date: 7/20/2009
This property is a Real Estate Owned (REO) property. A property becomes a fullfledged foreclosure sometimes referred to as a Real Estate Owned (REO) property when it is repossessed by the foreclosing lender, who can take possession either through a deed in lieu of foreclosure agreement with the owner during the foreclosure period or through a winning bid at the public auction. Foreclosing lenders are often motivated to sell these properties quickly because they represent nonperforming assets for the lender.
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