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THE PEOPLES BANK OTHER REAL ESTATE FOR SALE For information on other bank owned properties visit our website at www.thepeoples.com/files/orelist.pdfWhether you are searching for a new home, looking
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Bank owned properties are properties that have been foreclosed upon by a bank due to the borrower's failure to make loan payments.
Banks or financial institutions that have taken possession of foreclosed properties are required to file bank owned properties.
To fill out bank owned properties, banks must provide detailed information about the foreclosed properties including property address, value, and any outstanding loans.
The purpose of bank owned properties is for banks to manage and sell off foreclosed properties in order to recoup their losses from the defaulted loans.
Banks must report information such as property address, value, outstanding loans, and any relevant documents related to the foreclosure.
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