what bank owns property ?

Asked by Ilana, 2112 Duane street LA CA 90039 Sat Oct 18, 2008

This question is about this property: http://www.trulia.com/homes/California/Los_Angeles/sold/4016…

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x, , Redondo Beach, CA
Tue Oct 21, 2008
Hi. Ilana

I looked up that property on the MLS and the status shows up as “withdrawn” meaning it is off the market but not because it sold. The title records say that the owner purchased this property on 05/21/1999 for $60,000. I see some activity with their loan (refinance, maybe?) but the owner’s names are the same still, today. This property was listed on 08/23/2008 and taken off the market on 09/09/2008. It was one time a “REO” (bank owned property. I know this because the MLS states that in the “legal” section of the listing. The bank looks like it may have been Wells Fargo Bank (I see their name on the tax records). If you need more info, I can contact the listing agent for you. Please let me know.

In the future, you can find out if the property is bank owned or not by having a Realtor look on the MLS for you. Legally, if the property is bank owned, the listing agent needs to state that in the legal section of the listing. If you want to find out who the bank is, the Realtor can call the listing agent and find out for you.

Yoshiko Oest
Shorewood Realtors
0 votes
Jenny Durling…, Agent, Los Feliz, CA
Sat Oct 18, 2008
From the tax records, the house is not banked owned. It was transferred to an individual on 04/21/2008
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