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Foreclosure/REO

REO is an abbreviation for a Real Estate Owned property. REOs and FORECLOSUREs are not the same thing. However, an REO is only produced as a result of a foreclosure where the lender has repossessed the property to re-sell.

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Loss Mitigation

Loss Mitigation is used to describe a third party assisting in the process of negotiation between a homeowner and their lender. Loss Mitigation works to negotiate terms for the homeowner that prevents foreclosure.

Short Sales

A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff less than the balance due on the loan typically executed to prevent foreclosure, but may or may not involve a property in foreclosure.

Home » Featured, Foreclosure/REO

SOLD – $265,000 – 7622 Rio Del Sol Place

Submitted by Mykel on Sunday, 15 February 2009No Comment
SOLD – $265,000 – 7622 Rio Del Sol Place

MLS # C09010669

Price $265,000

Type 2 Story

Bedrooms 5

Bathrooms 2.75

CORPORATE OWNED 2 STORY; 5 BEDROOM, 2.75 BATH, BUILT IN 2004 LOCATED IN VICTORY HOMES’ BURGUNDY CREEK COMMUNITY! GRANITE KITCHEN COUNTER TOP, MASTER BDRM W/WALK-IN CLOSET,CEILING FAN & BALCONY, JETTED TUB IN MASTER BATH, SKY LIGHT, WINDOW BLINDS, 2 CAR GARAGE, POOL SIZED LOT, GUEST PARKING, CLOSE PROXIMITY TO SCHOOLS, FWY AND SHOPPING.

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