Asked by DarianaNight, Saint Augustine, FL • Wed Dec 19, 2012
I'm looking into a property that went into lis pendens in 2008 and was officially foreclosed and purchased in auction by the original lending bank a year later. The home is still not listed with a Real Estate company as of Dec. 2012. I called the bank's corporate foreclosure office (it is a large national bank that will remain anonymous) and they stated they did not currently plan to list it and considered it "gone to ground" (their exact phrase).
Are there any options to obtain this property?
I plan to use it as my primary residence and estimate it needs around $20,000-25,000 worth of repairs to pass inspection.
Real Estate in Saint Augustine
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