farmington ct real estate: Farmington CT Foreclosures, Short Sales and Bank Owned Homes for Sale
- 02/15/10 11:37 AM
Farmington, Connecticut Short Sales and Foreclosed Real Estate Purchasing a home at a Farmington CT foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at auction. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property. To search the CT MLS listings visit Farmington CT MLS listings. A home owner may attempt a "short sale" whereby the bank agrees to accept less than the mortgage balance based on the owner's hardship and financial status. Obtaining approval can be a long and difficult process. … (2 comments)
Farmington, Connecticut Short Sales and Foreclosed Real Estate ;)
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