Was this property a foreclosure? Was it sold to a bank, or an individual?

Asked by Peter Graves, Tempe, AZ Wed Mar 4, 2009

This question is about this property: http://www.trulia.com/property/1075670108-4615-S-23rd-Ln-Pho…

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Paul Welden, Agent, Scottsdale, AZ
Wed Mar 4, 2009
Hi Peter,

This home is a foreclosure. It is actually a bank owned property, which means that no buyer purchased it as the Trustee Sale Foreclosure auction. So, it went back to the bank, which happens about 99% of the time at these auctions.

Buyer's Agent Realtor
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Scott Clayton, Agent, Tempe, AZ
Wed Mar 4, 2009
This home is a lender-owned home (foreclosure). It's on the market now. I'm a rebate realtor and will share 50% of the sales commission with you if you purchase the home through me. The typical commission received by realtors is 3% of the purchase price, so I'll rebate 1.5% to you. My rebate offer is good on all homes - new, resale, and foreclosures.
Web Reference:  http://www.cr-az.com
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