Located on the end of a cul-de-sac this spacious foreclosure has amazing views and lots of privacy.

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Bank Owned", "REOs"and "Foreclosures" are all synonymus, they are the name given to properties that have completed the foreclosure process and are now in the ownership of a bank who is selling it on the general market. They general sell at a discount to the similar houses that are traditional sales.

The largest supplier of bank owned homes is FannieMae, followed by FreddieMac and Bank of America, because of their aquisition of Countrywide.

Bank Owned Properties are not to be confused however with "Short Sale" where the homeowner still owns the house, but is selling it for less than they owe the bank for their mortgage and therefore needs their mortgage holder's approval before selling the home. As a result the buyer is negotiating twice instead of just once and therefore prolonging the time it takes to buy the house.
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Great East Lake Starter Condo

This house is in the prelisting phase as a bank owned property. Great opportunity for a 1st time homebuyer. Based on the condition and it's great East Lake neigbhborhood it is located in, it's estimated market value will be $175,000. To make an appointment to see this house before the general public does, please contact us today.

Move In Ready House, Gorgeous Views, Lots of Privacy

Beautiful Home,large and spacious all around.Large living room,with vaulted ceilings.Large family room with fireplace!Great and spacious kitchen, wood cabinetry,tile counter tops,tile flooring,island and great lighting! Large and open beds,with great views! Large baths with tile flooring, very nice and open patio,with spectacular views!


This house is a wonderful opportunity for the right family, but might not be perfect for you.

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