Alhambra California is not immune to foreclosures. Unfortunately, some home owners are unable to hold on to their homes. These houses then go through the foreclosure process and end up on the Auction block. If an investor does not purchase these properties, the bank that usually holds the first trust deed buys it back and the house officially becomes Real Estate Owned or an REO.
Sometimes, these homes need some fixing up to make presentable for sale on the real estate market. Once done, they are listed with a real estate agent and become what most know as foreclosure sales.
Even though available Alhambra foreclosure property is very limited, you can still find some in various price ranges. Most homes will fall into the $300,000 to $500,000 category.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.