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Forth Hoyt CRS, CDPE, PFC, Certified HAFA Specialist, RDCPro, A-REO, SFR, SRES, e-PRO, Master's Club FOLSOM, GRANITE BAY, EL DORADO HILLS 916-248-7777
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Do You Have a Real Estate Related Question? We Will Email You an Answer Quickly. As top Folsom, Granite Bay and El Dorado Hills real estate experts, it's our job to help! Please take advantage of our experience and knowledge. Ask us anything about: - Any particular home that is or was on the market. - Neighborhoods and local market trends. - Local demographics and the economy. - Tricks and traps when buying real estate in this area. - Special tax considerations regarding real estate. - Specific questions about contracts, escrow, and closings. - Anything real estate! It's our job to know EVERYTHING about real estate! Ask us anything. There are no dumb questions! It's FREE, and we promise to get back to you quickly... 
Foreclosures >2. What Is a Bank Owned Property? When a home owner misses payments on his or her mortgage, the loan becomes default and the home or property becomes distressed. What happens next depends on an appraisal and the equity of the home. If short sale isn’t a viable option for the home owner and the lender, the foreclosure process takes over and the home or property goes up for foreclosure auction.
A bank-owned property (also referred to as a "real estate owned" or "REO" property) is one that was up for sale at a foreclosure auction but did not sell and therefore now belongs to the lender (usually a bank, but can also be any government agency or loan insurer.)
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What famous American sign was originally erected as a real estate ad?
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| A |
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland." |
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Forth Hoyt CRS, RDCPro, Sres, e-PRO
Keller Williams
2365 Iron Point Road, Suite 120
Folsom, CA. 95630
Phone: 916-248-7777
Fax: 916-248-7877
Email: TheHoytGroup@Number1Expert.com
Our Mission Statement:
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As we guide you through the real estate process, we'll get you the best deal in the least amount of time, with the fewest hassles, and we'll have fun doing it! We'll provide a level of service that makes it very easy for you to refer your friends and family to us!   
 
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