foreclosure Bank Owned
$185,000 (List Price)

El Sereno Avenue #6, Pasadena CA 91103

Home Facts
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El Sereno Avenue #6, Pasadena CA
List Price:
$185,000
(What's this?)
Bedrooms:3
Bathrooms:1
Property type:Condo
Size:1,006 sqft
Year built:1980
Added on site:99 days ago
Total views:100 (as of 5/22/12)
Neighborhood:North Central
Zip:91103
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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

Minimize Messy Evictions

Eviction of former owners or tenants is the buyer's responsibility. Even if you've conducted thorough research on a foreclosure property and successfully placed the winning bid at the public auction, it doesn't necessarily mean you can move into the property...

By RealtyTrac | 23 Comments

Checklist to buy properties in pre-foreclosure

Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. It is during this time that an investor can typically make the largest profits and can negotiate a deal that may be favorable for all parties...

By RealtyTrac | 14 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

View all foreclosure guides »

Contact Info for El Sereno Ave #6

Agent:
Not available
Listing website

Location Information near El Sereno Ave #6

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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