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[foreclosuresinriverside]

What is the difference between bank owned and corporate owned? There are some foreclosures for sale here in Riverside Ca, that are being advertised as Corporate Owned Homes.

[aguilar]

For some agents It's a different way of saying bank owned because they don't like the stigma that Bank owned gives a property. The correct use of Corporate owned is when it is owned by a corporation which can happen when a
company like say Qualcomm is transferring an employee to a different city often times the company agrees to buy the employees house if it is not sold within a reasonable 90 day marketing period.

This is happening less and less these days as companies are being more careful with expenses and less generous with employee benefits.