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Click here for Bellevue realtor resale real estate information Anderson Real Estate group - real estate seattle - see short sale below Click here for Bellevue realtor sort sale real estate information Anderson Real Estate group - real estate seattle - see foreclosure below Click here for Bellevue realtor foreclosure real estate information Anderson Real Estate group - real estate seattle - see bank owned below Click here for Bellevue realtor bank owned real estate information Anderson Real Estate group - real estate seattle - see commercial below Click here for Bellevue realtor commercial real estate information

  Anderson Real Estate group - real estate bellevue - bank owned BANK OWNED

Bank owned property is commonly known in the industry as a “REO” or Real Estate Owned property. These properties have gone through the foreclosure process and have not been purchased by a third party.

The property “reverts” back to the lender and the previous owner has lost all ownership rights to the property. 

Often times the property sits for a period of time while the bank puts it into their system and decides when to sell it, generally using the Multiple Listing Service (MLS).

For more detailed information link to EDUCATION article on Bank Owned

 

paula anderson of bellevue's anderson real estate group

(206) 910-9082

wendy stansbury of

(206) 229-7334

 

 
 

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click here to email Paula Anderson of Anderson Real Estate Group of Bellevue WA click here to email Wendy Stansbury of Anderson Real Estate Group of Bellevue WA