Temecula Foreclosed Homes
If you are house hunting, you may want to consider buying a foreclosed home, also called a real estate owned (REO) property. An REO property is owned by the lender as a result of the previous owner defaulting on the loan. This is also known as a foreclosure property or a bank-owned property. Bank-owned homes are simply properties that went through the foreclosure process and were not insured by FHA, so the lender retains ownership. The main advantage to these properties is that since neither HUD nor lenders care to own and manage property, these properties are generally for sale at a discount to fair market value.
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All information provided is deemed reliable but is not guaranteed and should be independently verified. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 02/19/2018 at 11:26am - Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.