VIA PACANA OROVILLE, CA 95966

Features

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Facts

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Pre-Foreclosure Info

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Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

This 2 bedroom, 1 bath home is located in an established neighborhood and is just minutes from most of what Oroville has to offer. The kitchen was originally designed with functionality in mind, including a cookstove with a built-in microwave, and a dishwasher. The home has a cozy living room, a spacious dining room, and an interior laundry room. The garage was converted to living space, unknown if this was permitted, and appears to be an easy fix to convert back to a functional garage. Off the dining area is the access to the covered back patio, a great place for outdoor cooking, entertaining, or kicking back and relaxing. The back yard is large and backs up to a large neighboring parcel. Come take a tour before the opportunity passes you by!This property is owned by Southside Neighborhood Stabilization and was purchased at foreclosure post auction bid pursuant to SB 1079. SB 1079 was put in place to promote homeownership and therefore priority for offers are given to owner occupant buyers. Buyers must provide a notarized affidavit that the agent will supply that states they intend to live in the property. Secondary priority will be given to investors who sign an affidavit stating they plan to rehab and sell the property to an owner occupant. Third priority is to nonprofits who sign an affidavit stating they intend to retail the property to an owner occupant or provide affordable housing. Nonprofits must also present their 501c3 certification.NOTE: the buying entity cannot be an LP or corporation. The purchaser must be an individual or a trust.