foreclosure Bank Owned
$118,404 (Market Value)

North Mountain View Avenue, San Bernardino CA 92401

Home Facts
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Sales Trends
North Mountain View Avenue, San Bernardino CA
Market Value:
$118,404
(What's this?)
Bedrooms:—
Bathrooms:—
Property type:Multi-Family Home
Size:1,722 sqft
Year built:—
Added on site:168 days ago
Total views:10 (as of 5/22/12)
Neighborhood:Seccombe Lane
Zip:92401
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Description provided by Realty Trac
Bank Repossessed. This property has completed the foreclosure process and is now owned by the foreclosing lender, which took title to the property for an estimated consideration (loan balance plus other fees and costs). Foreclosing lenders are often motivated to sell bank-owned properties (also known as REO, or Real Estate Owned) quickly because they are non-performing assets. Please register for a free trial with RealtyTrac to access complete information for this property, including full address, foreclosure details, lender information, and more.  View our Foreclosure Guides

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Foreclosure Types

Pre-Foreclosure
Auction
Bank Owned
 

Bank Owned (REO):

A property becomes a full-fledged foreclosure — sometimes referred to as a Real Estate Owned (REO) property — when it is repossessed by the foreclosing lender. The lender can take possession either through a deed-in-lieu-of foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public foreclosure auction. Foreclosing lenders are often motivated to sell these properties quickly because they are non-performing assets for their bottom line. Of the three stages of foreclosure, REOs are most likely to also be listed for sale with a real estate agent on the MLS, but not all REOs are listed yet — meaning buyers may have to contact the lender or servicer directly to make an offer. Read more about Bank Owned Foreclosures »

Foreclosure Guides

Secrets to closing last-minute pre-foreclosure deals

If you're interested in investing in pre-foreclosure property, you should know that owners in default may not agree to sell until the last minute — sometimes only a few days before the public foreclosure auction. You'll need to act quickly and may even...

By RealtyTrac | 11 Comments

Foreclosure definitions and terms

Learn more about common definitions and terms used throughout the foreclosure process by mortgage lenders, investors, and real estate professionals. Notice of Default (NOD): The initial document (non-judicial) filed by a trustee that starts the foreclosure...

By RealtyTrac | 33 Comments

State foreclosure procedures

The foreclosure process varies somewhat from state to state, and depends primarily on whether the state uses mortgages or deeds of trust for the purchase of real property. Generally, states that use mortgages conduct judicial foreclosures, using the court...

By RealtyTrac | 11 Comments

View all foreclosure guides »

Contact Info for N Mountain View Ave

Agent:
Not available
Listing website

Location Information near N Mountain View Ave

Property
Estimates
Amenities
Transit
$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm
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