Here is a list of 32 homes, through-out St Tammany Parish, pulled from the MLS, in which all of these properties are listed as 3rd Party / Bank Owned. What that means is each one of these homes has either gone to foreclosure and been bought back by the bank, in which case the bank will have subcontracted the home back out to a local real estate company whom has listed it on the market, OR, the home owner is attempting to work with the bank to close a short sale, in which case the sale of the home is subject to bank approval. I pefer dealing with the bank outright. There is no emotion tied up in the transaction, except for the banks need to have the purchaser sign 30 or so extra REO documents. However, in many cases the bank does pay for the purchaser’s title insurance policy, so I guess it could be considered a fair trade.

Download mls_active_reo_bank_owned_st_tammany.pdf

Please contact if you have any questions.

Thank You

Marc Pellettiere Realtor, ABR

marcp@scogginproperties.com