This is a Bank Owned (REO) property. Typically, a property becomes a full-fledged foreclosure when it is repossessed by the foreclosing lender, who can take possession either through what's called a deed-in-lieu-of-foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public auction. Foreclosing lenders are often motivated to sell bank-owned properties (also known as REOs) quickly because they are non-performing assets.
A Bank-owned property is in the final stage of the foreclosure process. Ownership has reverted to the lender.
Students who live in this condo attend the following
Richland 01 (Unified School District)
This condo is within the boundaries of the following school district*: