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SunTrust Bank Foreclosures |
SunTrust Bank Foreclosures homes are made available for purchase to eligible buyers in the U.S. market. SunTrust Bank foreclosures for sale are available in several states of the country including Florida, Virginia, Tennessee and North Carolina. During the last few years, a large number of mortgage foreclosures have occurred on mortgages provided or serviced by SunTrust Bank. This has led the bank to hold a good number of REO properties. Home foreclosures occur when homeowners are unable to make timely repayment of the mortgage loan that they have obtained to finance their home. Then the bank or the financial institution foreclose the property of the homeowner and later sell it to make up the loss caused to them.
If you are looking to buy a home in the Southern states of the U.S then SunTrust Bank has a huge resource of real estate owned properties. REO or real estate owned properties are those foreclosed properties that have failed to attract a buyer in auctions and they are hold by the banks. The foreclosure department of SunTrust has REO properties for sale at comparatively lower price and buyers can save a considerable amount of money by purchasing them. You can start your search by visiting the property search website of the bank. You can also contact the local agents who manage the foreclosure property listing of SunTrust in your interested areas.
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While looking for SunTrust Bank foreclosure homes, you should have some additional information such as the property agent contact information and details on the available properties. Local agent's information is provided on the official website of the bank. The bank also offers a property search tool that you can use to find your desired foreclosure properties in interested areas. You can choose search criteria by city, state, zip code, or price. At present, SunTrust Mortgage, Inc offers a list of foreclosed properties on its website, http://suntrust.res.net.
All the residential properties managed by SunTrust are listed with a large number of local real estate agents. These properties are sold out to potential buyers at fair market value and they are advertised through local Multiple Listing Service. The primary objective of SunTrust Mortgage, Inc is to sell all the REO properties at fair market value and maximize their net return. On the other hand, the bank offers several assistance programs to help homeowners who are on the verge of losing their home on foreclosure due to inability on their part in making their monthly mortgage payments. Contact a loan counselor of SunTrust by calling at 800.443.1032.
Website: http://suntrust.res.net/
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