Please note that this is not a rent-to-own property. This property was listed with us as a Real Estate Owned (also known as REO) property. An REO property means that this multifamily (5+ units) has been foreclosed on because the previous owner failed to make payments and the property was repossessed by the lender. These types of sales are usually available quickly at a lower price than the normal market value. While a list price is published, potential buyers are available to submit reasonable offers for consideration by the lender. If you would like more information on this 10 bed, 6 bath REO Foreclosure listing in San Luis Obispo, CA 93405 please register for contact information.