Bank Owned One family home for sale in Ennis. Fireplace, Flooring: Carpet, Highspeed broadband Ready|Financing Proposed: Cash, Association Type: None, Lot Size Units: Acres, Building Area Source: Tax, Heating: Central Air, Construction Materials: Siding, Other Equipment: Vent Mechanism, Acreage, Structural Style: Single Detached, Other Equipment: Oven, Lot Size: one Acre to 2, Utilities: Septic, Utilities: Co, County Or Parish: Ellis, Foundation Info: Slab, Possession: Funding, Financing Proposed: Conventional, Financing Proposed: FHA, Covered, Transaction Type: For Sale|Exterior material: Wood, Roof type: Composition, Stories: 1, Unit count: 1. Bank-owned property always starts as consumer-owned property. The cycle starts when a borrower secures a loan by mortgaging the property, securing the amount of the loan against the real estate itself.