PHOTO
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PROPERTY DESCRIPTION
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Sample Address
This is a bank REO listing. The bank has taken ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction. The lender usually sells the property to recover the unpaid loan amount, which can be 30% to 50% less than market value, because the bank does not want to hold on to real estate properties. The lender typically clears the title for any buyer.
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| Amount |
$125,000 |
| Type |
Single Family Home |
| Bedrooms |
3 |
| Bathrooms |
2 |
| Floors |
Single story |
| Square Feet |
1,800 |
| Lot Size |
10,000 |
| Notes |
Home was well taken care of. Previous owner could not afford their mortgage due to rising interest rates. Nice home ready for a nice family. |
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 Preferred Partners |
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Susan Sample
Buyer Agent
Foreclosure Expertise - Intermediate
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Sample Loans
Lender
Foreclosure Expertise - Expert
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| Owner |
Sample Agent |
| Phone |
555-123-5555 |
| Address |
555 Sample Street, Sample CIty, State Zip |
| Notes |
You should contact the lender directly and ask for the REO or asset management department to find out how you can view and make an offer on the property. REO means "Real Estate Owned" by the lender. It's another way to say the property has already gone through the foreclosure process and has now been repossessed by the foreclosing lender.
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| Median House Value |
$189,000 |
| Neighborhood |
Suburban |
| Households |
10,000 |
| Household Income |
$57,000 |
| Population |
120,000 |
| Population Density |
12,000 people per square mile |
| Average Age |
33 years old |
| Ethnicity |
65% Caucasian, 14% African American, 16% Hispanic, 5% Other |
| Education Index |
Above Average |
| Educational Details |
30% College, 60% High School, 10% No High School |
| Crime Index |
20 |
| Notes |
Nice neighborhood with close proximity to schools. |
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| Status |
Real Estate Owned (REO) by Bank |
| Delinquent Amount |
$27,000 |
| Loan Balance |
$155,000 |
| Original Loan Amount |
$255,000 |
| Recorded Date |
December 1, 2006 |
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| Sales Date |
Sales Price |
| 11/10/1995 |
$125,000 |
| 01/01/1997 |
$145,000 |
| 03/05/2000 |
$165,000 |
| 02/02/2004 |
$285,000 |
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| Assessor's Parcel Number |
0987-8795 |
| County |
Sample County |
| Zoning |
Residential |
| Latest Assessed Year |
2006 |
| Land Value |
$145,000 |
| Improvements |
$75,000 |
| Assessed Total |
$220,000 |
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