Pembroke Pines, Cooper City and Davie real estate and homes for sale in Florida, Hablo Español, Spanish speaking - John Lucka REALTOR® John Lucka REALTOR(r) for Pembroke Pines, Cooper City and Davie, Florida real estate, Hablo Español, Spanish speaking - NUMBER1EXPERT™ John Lucka NUMBER1EXPERT(tm) for Pembroke Pines, Cooper City and Davie, Florida real estate, Hablo Español, Spanish speaking
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Real Estate Tips
Foreclosures >2. What Is a Bank Owned Property?

When a home owner misses payments on his or her mortgage, the loan becomes default and the home or property becomes distressed. What happens next depends on an appraisal and the equity of the home. If short sale isn’t a viable option for the home owner and the lender, the foreclosure process takes over and the home or property goes up for foreclosure auction.

A bank-owned property (also referred to as a "real estate owned" or "REO" property) is one that was up for sale at a foreclosure auction but did not sell and therefore now belongs to the lender (usually a bank, but can also be any government agency or loan insurer.)

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Real Estate Trivia
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Where in the United States will you find the largest concentration of million-dollar homes?

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There are almost 314,000 million-dollar homes in the United States, and 41% of these are located in California.
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John Lucka, REALTOR®, real estate agent and broker for Pembroke Pines, Cooper City and Davie Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

John Lucka
For Good Luck, Call Lucka

Broker/Owner
PA, CRS, CDPE, IRES
Hablo Español
Phone: 954-874-2525
Fax: 954-874-2520
Email: john@johnlucka.com

John has been working full time in real estate since 1977, earning numerous national and local awards, including the number one agent in a national organization of nearly 6,000 sales professionals. A consistent member of the RE/MAX Platinum Club as well as a recipient of the prestigious RE/MAX Hall of Fame and Lifetime Achievement Awards, he continues to be one of the area's top producers year after year. John has become one of Broward's most successful and respected real estate professionals. You'll benefit from his many years of experience! John has helped over 2,800 families buy or sell their home. He specializes in short sales, foreclosures, rental or management of real estate.

CRS MLS REALTOR


RE/MAX PowerPro Realty real estate and homes for sale in Pembroke Pines, Cooper City and Davie Florida    RealEstateABC

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