Leave a comment »Lender Owned Estate in Gilbert, less than $100 per square footGreat price on a Bank Owned Home, Gilbert AZ, Lender Owned, REO, Real estate for saleOK I really feel that we are only half way through the Ice berg. By looking at all of the Short sales in the Gilbert market, and knowing that 90% of short sales become bank owned. We`ve got a lot more REO`s on the way. Once in awhile I will find a great deal on a great home. This beauty is a custom home, coming in at 5,410 Square feet. Built 2001, 4 bedroom 4 bath 4 car garage, Living room, Family room, dining room, the list goes on. Oasis Pool, all of this on a 15,000 plus square foot lot. In beautiful Gilbert AZ, School District 41, no HOA. The previous owner of this Lender Owned property, paid just under 1 Million dollars, at about the height of the hype. Stu & Mike Troyan have this home listed for $533, 000. This is a great deal. It is a short movie. I had to re take it over and over. I was distracted. Some crack pot escaped from the nut house, and was walking around the house trying to justify a low ball offer of $300K, luckily I charged my stun gun.
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