CA Bank Owned Foreclosures as of September 3rd, 2012
November 8, 2008
Bank Owned properties are forclosures in which title ownership has been transferred to the bank and/or investor. The banks will typically list these properties with real estate agents to place on the open market. They will often price these properties aggressively in hopes of creating a quick sale. Consequently, you will notice that they will sell within 90 days if they are priced appropriately.