Ladera Ranch Bank Owned Homes For Sale Bank owned homes generally provide great value to buyers and usually sell for at least 10% or more below average sale price (for comparable properties) in Ladera Ranch. They can be rare though and usually comprise only about 10% or less of the available inventory in Ladera Ranch. "Bank Owned" means that the home was not sold to a 3rd party at the time of the trustee sale and has reverted back to the bank. A bank owned home may be variously known as "REO" (which stands for Real Estate Owned) or "Foreclosure" (Not a completely accurate term as this term could refer to either a home that reverted to the bank OR was sold to a 3rd party at the trustee sale). Learn more about bank owned homes: What Is An REO Property?
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