Things to Think about when buying an Encino Lender Owned Property
Buying a property in Encino that is in foreclosure or a lender owned situation ( Means it did not sell at the foreclosure auction ) is a different type of transaction. These types of sales can be more complex because the lender is very involved in the transaction. As a result, these transactions can be more time consuming than the traditional real estate transaction and takes a lot of patience and local expertise
Encino Properties in foreclosure are homes that an owner has received an official notice of foreclosure from their lender. Once the foreclosure process is complete, the property becomes lender owned.
Each situation is unique and understanding the process and the local market is critical. Because these properties may have been previously owned by people with financial difficulties, they most likely will need repairs that are sometimes very significant.. and there may be liens or back taxes due on the property.
My Team of Experts has experience in these types of transactions and can help protect your interests.
Knowledge is power in this market. Familiarity with market conditions and thoroughly understanding the ins and outs of the foreclosure process are critical. As a Cyberhomes Certified Neighborhood Expert I have the tools and resources to protect your best interests.
For a detailed list of current encino Lender owned homes on the market
Below is a snapshot of current market Conditions in Encino CA
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