Home Buying in Los Angeles>Question Details

James Whitak…, Home Buyer in Georgia

Ended Auction for Willaman Drive S # 102, Los Angeles CA 90048

Asked by James Whitaker, Georgia Fri Nov 7, 2008

It says it went to auction in Oct. Does that mean it didn't sell?

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Answers

1
That means the bank took the property back during foreclosure. It is now an REO Property (Real Estate Owned). Call the lender, and they will be able to tell you what the liens are against the property, and what they will want for the property. They will hire an independent appraiser to get an idea of what the right price is for the propert.
If you want to purchase foreclosed or REO properties, call the experts at 800-640-8798.

Daniel Klein
Broker
Over 1 Billion Sold
800-640-8798
http://www.intercapitalonline.com
0 votes Thank Flag Link Wed Jan 4, 2012
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