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Floresta Drive, San Jose CA 95148

Total views: 8 Last updated 7/22/08

$633,000

3 br 2 ba 1,648 sqft

Single-Family Home

From: RealtyTrac

Listing Type: Foreclosure

Status: REO - Bank owned What's this?

Year Built: 1967

Price/sqft: $384

Lot Size:

Days on Market: More than 30 days

ZIP Code: 95148

Neighborhood: East San Jose

Additional Info: Prior sale history, Assessor records

This property is an REO (Real Estate Owned). This is the final step in the foreclosure process. Ownership has reverted to the lender. This 1648 square foot property has 3 bedroom(s) and 2 bath(s). The estimated sale price is $633000. To access more extensive information on this property click the 'more...
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Pre-Foreclosure (Notice of Default or Lis Pendens)

The foreclosure process begins when a borrower/owner defaults on loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright.

Auction (Notice of Trustee Sale or Notice of Foreclosure Sale)

If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of dealing directly with the borrower/owner.

Bank-owned (Real Estate Owned)

If the lender takes ownership of the property, either through an agreement with the owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction property.

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Floresta Dr, San Jose CA 95148 (Location is approximate)

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How Floresta Dr compares to San Jose

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This home
Listing price:	$633,000

Compared to San Jose
Avg. listing price:	$606,692	+4%
Avg. sales price:	$538,791	+17%
Avg. price/sqft:	$360	+7%

More trends for San Jose real estate
More trends for East San Jose real estate

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