Dana Point Bank Owned Foreclosures
Buying a home in Dana Point as a Bank Owned or REO ( Real Estate Owned) can often be a great opportunity to acquire a property at a discounted price, where comparable sales are listed higher and all the headaches of clearing titles and liens are already taken care of. For buyers interested in Dana Point Bank Foreclosures, there's plenty of inventory in all price ranges, as the city was another victim of the Real Estate Bubble.
Search all availableDana Point REO Homes or foreclosures listed for sale below, or read more about the benefits of purchasing a Dana Point REO property. For more information about any of these homes, contact us or call us at (949) 888-6788.
Dana Point Bank Owned Homes ( Repo's)
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When looking at all the homes available for sale in the Dana Point Real Estate portfolio, there's always information within the description of the property about whether the property is a Bank Owned Foreclosure, a short sale or a standard sale. There's many benefits for home buyers interested in purchasing foreclosures:
- When a home becomes a REO ( or has already gone through the foreclosure process, so it's 'foreclosed'), all liens against it are usually removed and taxes have been paid.
- REOs can be inspected prior to contract, and are listed with real estate agents. This is not possible with auction properties.
- REOs many times are restored to at least a readily salable condition by the lending bank and are vacant. The new owner doesn't have to deal with eviction processes.
- You can save money in your title search if you use the same title company that the lender used during foreclosure. They will often discount the cost up to as much as 100%!
- REOs will often times include appliances.
- While in hot markets, you may not see a difference in price between an REO and a typical property, during slower markets, you can pick up an REO at discounts to the property’s actual value.
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OCExecutives specializes in real estate transactions of Foreclosures in Dana Point, California. Contact us today to sell real estate or buy real estate listed as foreclosures in the community of Dana Point or for more information about any of these Dana Point foreclosures. If you would like to see a list of homes in other communities in Dana Point, follow the links above, or click here for other Dana Point Real Estate.