General Information about Lender Owned Homes

Please read the brief Lender Owned summary below. If you would like a list of Lender Owned Homes, please provide the following:

• Area of Town you are interested in (please provide streets if possible)

• Price Range

• Approximate Square Footage

• Number of Bedrooms / Bathrooms

• Any other features you would like in your search

Once this information is received someone from our team will email you a list of homes in your area of interest.  If there are any questions about your search we can correspond via email or if you would like a more immediate response please include your phone number. We will get back to you either way.

What is a Lender Owned Home?

A Lender Owned home means the bank has foreclosed on the property. The property has already been through the short sale process and has already been up for auction before it becomes a Lender Owned home. The bank is not in the business of property management and most of the time the bank has priced their property at or just below comps. A banks response can range from 24 hours to 5 business days. This is a much shorter waiting period than a short sale. These banks are very anxious to get these properties off their books! Be prepared to do some work on these homes - 99% of the time these properties are offered “as is” with no repairs being made by the lender directly.

These are where the values are. Happy House Hunting!

cbroglia@cox.net