An Bank owned (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. Most foreclosure auctions do not even result in bids. After all, if there was enough equity in the property to satisfy the loan, the owner would have probably sold the property and paid off the bank. That is why the property ends up at a foreclosure or trustee sale.
Foreclosure sales begin with a minimum bid that includes the loan balance, any accrued interest, plus attorney's fees and any costs association with the foreclosure process. In order to bid at a foreclosure auction, you must have a cashier's check in your hand for the full amount of your bid. If you are the successful bidder, you receive the property in "as is" condition, which may include someone still living in the property. There may also be other liens against the property.
Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auctions result in a successful sale. Then the property "reverts" to the bank. It becomes an REO, or "real estate owned" property.
Kissimmee distressed properties Bank owned short sale REO's and foreclosures. Buying or selling in kissimmee. Bellalago properties.
Monday, August 2, 2010
Tuesday, July 6, 2010
3810 Eagle Isle, Kissimmee, FL | Powered by Postlets
Just Listed Bank Owned Home!
Gated Resort Style Community - 3 bedroom, 3 bath with covered front entry, living, dining, and family areas. Kitchen has nook and breakfast bar. Inside laundry. Bonus room. Carpet & tile floors. Master retreat offers his/her sinks, walk-in closet, garden tub and separate shower. Covered lanai. 2-car garage. Community amenities offer pool, fitness, playground, picnic areas, club house & access to Lake Toho and more. **PQ Letter or Proof of Funds MUST Accompany Offers.
3810 Eagle Isle, Kissimmee, FL Powered by Postlets
Gated Resort Style Community - 3 bedroom, 3 bath with covered front entry, living, dining, and family areas. Kitchen has nook and breakfast bar. Inside laundry. Bonus room. Carpet & tile floors. Master retreat offers his/her sinks, walk-in closet, garden tub and separate shower. Covered lanai. 2-car garage. Community amenities offer pool, fitness, playground, picnic areas, club house & access to Lake Toho and more. **PQ Letter or Proof of Funds MUST Accompany Offers.
3810 Eagle Isle, Kissimmee, FL Powered by Postlets
Sunday, June 27, 2010
http://www.flcentralrealestate.com/HomesAuthenticated.aspx?tabid=2365335
Discover Kissimmee Premier Resort Style Gated Community, "Bellalago & Isles of Bellalago"
Two fabulous addresses one shared Lifestyle. Both just 17 miles south of Walt Disney World and other world famous attractions in Orlando, communities with a strong sense of place, a peaceful tranquility, and a water-oriented elegance where you and your family can live, relax and truly enjoy an abundant recreational lifestyle in a picturesque setting second to none.
You'll also enjoy the convenience of sending your children to school at Bellalago Academy, a unique neighborhood charter school (K-8) that offers a state-of-the-art learning environment, and neighboring Liberty High School (9-12) which opened its $49 million campus in August 2007. All this plus the Village Shops at Bellalago -an upscale retail center with shops, restaurants and banking facilities.
In Beautiful Bellalago Isles of Bellalago you'll find individual new home neighborhoods of Mediterranean-style designer homes with tile roofs at affordable prices. Neighborhood parks, heavily wooded nature preserves with century-old oak hammocks, and resort-style recreational amenities for all to enjoy. Amenities include a pair of multi-million-dollar clubhouses with state-of-the-art fitness centers, multi-pool aquatic centers, children's water parks and tot lots, tennis and basketball courts, a band shell, a 1,300-foot-long board walk with gazebo on Lake Toho, walking and biking trails, and a boat ramp/lift at Lake Toho for powerboats up to 26 feet.
Access to over 300 acres of inland lakes and waterways for fishing and boating over one mile of shoreline on beautiful, world-famous Lake Tohopekaliga (Toho) and having access to over 300 acres of inland lakes and waterways for fishing and boating, Bellalago is an upscale, new home gated community where the marriage of water and Mediterranean architecture bring to mind visions of an exotic port of call.
Contact resident TeamScott agents to find out more about this affordable community:
http://www.flcentralrealestate.com/HomesAuthenticated.aspx?tabid=2365335
Two fabulous addresses one shared Lifestyle. Both just 17 miles south of Walt Disney World and other world famous attractions in Orlando, communities with a strong sense of place, a peaceful tranquility, and a water-oriented elegance where you and your family can live, relax and truly enjoy an abundant recreational lifestyle in a picturesque setting second to none.
You'll also enjoy the convenience of sending your children to school at Bellalago Academy, a unique neighborhood charter school (K-8) that offers a state-of-the-art learning environment, and neighboring Liberty High School (9-12) which opened its $49 million campus in August 2007. All this plus the Village Shops at Bellalago -an upscale retail center with shops, restaurants and banking facilities.
In Beautiful Bellalago Isles of Bellalago you'll find individual new home neighborhoods of Mediterranean-style designer homes with tile roofs at affordable prices. Neighborhood parks, heavily wooded nature preserves with century-old oak hammocks, and resort-style recreational amenities for all to enjoy. Amenities include a pair of multi-million-dollar clubhouses with state-of-the-art fitness centers, multi-pool aquatic centers, children's water parks and tot lots, tennis and basketball courts, a band shell, a 1,300-foot-long board walk with gazebo on Lake Toho, walking and biking trails, and a boat ramp/lift at Lake Toho for powerboats up to 26 feet.
Access to over 300 acres of inland lakes and waterways for fishing and boating over one mile of shoreline on beautiful, world-famous Lake Tohopekaliga (Toho) and having access to over 300 acres of inland lakes and waterways for fishing and boating, Bellalago is an upscale, new home gated community where the marriage of water and Mediterranean architecture bring to mind visions of an exotic port of call.
Contact resident TeamScott agents to find out more about this affordable community:
http://www.flcentralrealestate.com/HomesAuthenticated.aspx?tabid=2365335
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