ashland bank owned real estate: Ashland MA Foreclosures, Short Sales and Bank Owned Homes for Sale
- 03/01/10 07:55 AM
Ashland, Massachusetts Foreclosures, Short Sales and Bank Owned Real Estate Purchasing property at an Ashland, MA foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at the auction. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property. 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. Additionally, there is no assurance that the … (0 comments)
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