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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.

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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.

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$151,900 – Elizabeth Court

Submitted by Mykel on Friday, 16 October 2009No Comment
$151,900 – Elizabeth Court
Bedrooms 3 Bathrooms 2.5
Square Foot 1,349 Garage 2
Lot Size 4,000 sq.ft. County Ssan Bernardino
Property Type Single Family Detached Year Built 1987
MLS Number C09103943
Property Description
Gheck out this 2 bedroom, 2.5 bath pool home. Nestled in a quant Southridge cul de sac with over 1330 sf of living space. This home boasts soaring vaulted ceilings, great open floor plan, gallery style kitchen, living room with a cozy fireplace, private master suite, covered patio, dog run and fully landscaped yard. From leisurely living to formal entertaining this home makes entertaining a joy and weekends at home a pleasure retreat.

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