BTW few tips
REO and Bank Owned are two different names of same meaning that the 'Real Estate is Owned by lender" now.
Lenders and Trustees post info on RealtyTrac and Realty TRac spreads to different website.. thats is what you are seeing above.
NEXT STEP after REO
Bank orders BPO's (broker price opinions) and Appraisals to determine the fair market value - this takes few weeks to months to determine the repairs or anything else needed before it can be relisted in MLS as Reo property at fair Market Value .
Now most banks are listing properties towards the lowest BPO values to generate more interest and have multiple offers and sell quickly but sometimes it does not hold true.
There are not enough resales in the market so the most choices are left to S Sale or Reo's..
--Now there is a certain way that banks will or will not negotiate to do so you need a market expert on your side to get hold of what you like.
In the property You are asking there is room for negotiation as much as I could do the research. I have posted the link with info on this and the other ones in the neighborhood,, let me know if I can be helpful further
Click the following URL to see the listings:
Happy Spring !!
703 626 3327
This "foreclosure" is from RealtyTrac it is not an actual listing. The $62,700 is likely the amount owed to the lender when the property was foreclosed. See a previous answer that I posted for more info ...
Resale vs. Foreclosure, MLS Activity
Hope this helps.
I-Agent Realty Inc.
Realtor VA and D.C.
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