Bank Owned Properties Are The Way To Go
An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction. Most foreclosure auctions do not even result in bids. If there was enough equity in the property to satisfy the loan, the owner would have probably sold the property and paid off the bank. That is why the property ends up at a foreclosure or trustee sale. Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auctions result in a successful sale. Then the property “reverts” to the bank. It becomes an REO, or “real estate owned” property.
Alta Realty is working with several banks and asset management companies to help them reduce their property inventory. These properties are priced to sell quickly and are an excellent opportunity to purchase a home or second home in Teton Valley. We are working with properties for sale in Driggs, Victor, and Tetonia. We have recently sold several homes in Victor and currently have three homes for sale in Driggs. There are some really amazing properties for sale at unbelievable prices in Teton Valley and surrounding neighborhoods so please give me a call at 208-709-4155 or email me at dave@altarealty.com and let me help you find an affordable home or second home. See for yourself what opportunities are out there waiting for the right buyer.








