In other neighborhoods, a foreclosed home might be boarded up and plastered with large signs advertising bank-owned or REO. Some of those homes might remain in an abandoned condition for years. The weeds grow high enough to cover sidewalks, pranksters throw rocks through second-floor windows, and the home becomes an eyesore, a dumping ground for used mattresses and automobile parts.
Nearby Homes Feel Effect of Foreclosures
Foreclosure homes vary in appearance from community to community. Some foreclosure sales are handled quietly and quickly resold by the lender for market value. One day a moving van pulls up, loads the occupant’s belongings and departs, shortly followed by a real estate broker’s For Sale sign. Few weeks later, a sold sign pops up and new owners move in.
Labels:
Bank Owned,
Foreclosures,
general information,
HomeValues,
Housing,
real estate,
REO
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specialists, home search and view san jose california and san francisco bay area new homes, land, luxury homes, houses for sale, condos, duplexes, townhomes, town homes, starter homes, discount, commercial property, san jose market, investment properties, search the local mls, real estate network, CENTURY 21 real estate services, silicon valley real estate, San Jose Real Estate Agent Realor - San Jose Realtor San Jose Homes - Home For sale - MLS listings - CENTURY 21 Alpha Real Estate San Jose California Real estate Values - Almaden Valley - San Jose CA Real Estate Listings. Each Office is independently Owned and Operated. Equal Housing Opportunity. The information contained herein including but not limited to square footage and lot size from one or more sources has not been independently verified by CENTURY 21 Alpha or its agent. Buyer should conduct their own investigation regarding such information.
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