Foreclosures
Foreclosures (a.k.a. Bank Owned Properties or REOs)
A Sign of the Times
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Although bank owned properties have usually made up fewer than 10% of our total number of listings, they have made up almost 50% of our sales lately. Banks have been pricing aggressively and foreclosures are oftentimes some of the best deals on the market. Please scroll towards the bottom of the page for more information about foreclosed properties, or click below to see all of Big Bear’s currently listed bank owned homes.
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Short Sales
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Sometimes property owners who are in distress will approach their lender with an offer from a buyer that is less than what is owed on the property. The bank, in order to avoid the lengthy and expensive foreclosure process, may agree to accept such an offer. If the bank and seller agree to accept an offer for less than what is owed on the property before the home is foreclosed on, it is called a short sale. Click below to see Big Bear’s currently listed short sales.
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If you have any more questions regarding foreclosures, please don’t hesitate to contact me.
Paul Zamoyta ~ 909.557.8285 ~ info@Zamoyta.com