New Mammoth Lakes Foreclosures Present Opportunities For Buyers

New Mammoth Lakes Foreclosures[Mammoth Lakes, CA] – January, 31 2012 – Mammoth REO Listings is pleased to announce that new Mammoth Lakes foreclosures present opportunities for buyers to purchase a home for a fraction of the value. Many of these properties are now owned by the banks that held the mortgages on them. These banks want to get these properties off their books as soon as possible.

When a bank forecloses on a property, the parcel is offered for sale at auction. Often, the auction fails to bring enough to satisfy the mortgage owed on the property. When this happens, the bank retains possession of the property until able to find a buyer for private sale. The sale price is often the amount that was left owing on the original mortgage rather than the market value of the home.

Deanna Lantieri, owner of Mammoth REO Listings, said in a recent interview, “Let my team and me give you the edge you need to find the best foreclosures this side of the Eastern Sierra. I have the inside scoop on the hottest foreclosures that will hit the market in next 30 to 90 days.”

For more information about Mammoth Lakes foreclosures and how they are providing opportunities for buyers to purchase homes at a fraction of their actual value, interested area residents are encouraged to visit http://mammothreolistings.com/. Members of the press and/or other interested parties may obtain additional information about this company and/or the content of this press release by contacting Deanna.

New Mammoth Lakes foreclosures are creating opportunities for buyers to secure homes at a fraction of the market value. Mammoth REO Listings has valuable information on their website that can give buyers an additional edge when shopping for foreclosed properties.

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About Deanna

Deanna is an experienced "LOCAL" REO Listing Agent providing foreclosure services in primarily the resort areas of Mammoth Lakes, Crowley Lake, June Lake, Bishop, and Big Pine, CA. Successfully closing over $40 million in REO Real Estate transactions and sales since 2005, Deanna provides professional and prompt REO Real Estate services. Click here to view my Featured Properties.

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