Bank Owned Single Family Home for sale in Lafayette IN

Bank Owned One family home for sale in Lafayette. Flooring Hardwood Roof type Asphalt Stories 0 Structure type Other Unit count 1. Bank owned or REAL ESTATE OWNED happens when a homeowner defaults on the loan secured for the purchase of the home at which point ownership transfers to the lender per the terms of the mortgage. The lender then attempts to sell the real estate to the general public in an attempt to recover some or all of the losses incurred as a result of the foreclosure....

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