1200 Lorraine Redding 96002 1850 sq ft $184,900

March 13, 2010

in Redding,Under $200K

Redding foreclosure home REO bank owned for sale

Pretty easy to do the math on this one. Looks like just under $100 per sq ft. It’s listed as a 1971 3/2 on a good sized 85′ X 135′ sized lot in the Enterprise area. It’s been listed for sale by foreclosure listing broker Diane Abair of Bears Den Realty. She writes:

“Great house, with new paint and carpet, termite repairs all done; popular location 4 Bedrooms; separate living and family room and laundry”

There is only the one photo, and you’ve already seen it. She says 4 bedrooms in the remarks but only 3 in the listing, so that will take some math. From records it appears to be a Fannie Mae property. Which means you already own some small part of it as a taxpaying citizen, since the Fannie Mae GSA was seized by the US Treasury, and is “now wholly operated by the federal government.” Recently, Fannie Mae and similar Freddie Mac have been in the news as they continue to block the release of information about their contributions to certain politicians. If the government keeping secrets from it’s own citizens doesn’t trouble you deeply, then you’ll get the government you deserve. Democracy is not something you are given, it is something you earn.

Call (530) 244 7603

We can’t help you fight government corruption maybe, but we can get you inside this particular government asset to see if it would make a nice home or investment. We rely on your calls and referrals, and are grateful for your continued patronage of our services. So call!


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And, if you can afford to be smug and bemused like NPR, you can waste $1000 poking simplistic fun of the fraud that was Countrywide (now Bank of America).

Welcome back. Always good to see you here. Thanks for reading!
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