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REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]
WaterColor is an unincorporated master-planned community located in Walton County, Florida, United States, between Grayton Beach and Seaside. This 499-acre (202 ha) Southern resort and residential community was planned by Cooper, Robertson & Partners under the direction of The St. Joe Company .
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [1] [2]
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The property became available for sale after his daughter died in 1982. The estate was purchased in 1984 by Finley Matheson, who fought to get it turned into a state park. In 1985 the State of Florida purchased the land for $22.5 million. [citation needed] The Deering Estate is a national landmark listed on the National Register of Historic ...
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