Castaic is in north of Santa Clarita and is a few miles from Six Flags Magic Mountain amusement park. It is approximately 39 miles from the downtown Los Angeles Civic Center. It began life in 1915 at the opening of the original Ridge Route which brought travelers looking for gasoline, water, food, and lodging.
In REO properties, A bank typically sets the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the bank will legally repossess the property. This is usually the case as the amount owned on the home is probably higher than the value of this foreclosure property. As soon as the bank repossess the property, it is listed on their books as REO – Real Estate Owned – and is categorized as an asset (non-performing).
CB Vista sells properties through out Santa Clarita Valley including castaic reo listings, castaic reo homes for sale and all real estate reo's in castaic.
