foreclosure Bank Owned
$142,500 (Transfer Value)

North Mayfield Avenue, San Bernardino CA 92401

Home Facts
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North Mayfield Avenue, San Bernardino CA
Transfer Value:
$142,500
(What's this?)
Transfer date:January 18, 2012
Bedrooms:—
Bathrooms:—
Property type:Single-Family Home
Size:—
Year built:—
Added on site:113 days ago
Total views:1 (as of 5/22/12)
Neighborhood:Feldheym
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

Buying bank-owned properties

If a lender takes ownership of a property, either through an agreement with the owner during pre-foreclosure or at public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. Check out the tips below to find out...

By RealtyTrac | 81 Comments

Tips for contacting the trustee

Calling the trustee is an important step in pursuing any pre-foreclosure or auction property, but it's not always the easiest or most enjoyable step because many trustees are not geared toward providing information to the general public. A phone call to the...

By RealtyTrac | 15 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 Mayfield Ave

Agent:
Not available
Listing website

Location Information near N Mayfield 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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