[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
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