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Reno Foreclosures - Reno Bank Owned Properties

Reno foreclosures are a sign of the economic times. Keep in mind the info on this page was written in 2009 and alot of it does not apply to our current market. But it does explain the difference between a short sale and a foreclosure. If you have other questions call me direct at 775-771-1783.

There is a difference between a foreclosure and a short sale. A short sale is where the owner of a home is trying to negotiate with their mortgage company to accept a lesser pay off than the homeowner owes. About 95% of the time we are able to get an acceptable short sale approval letter from the borrowers bank, that basically says the bank will not come after the homeowner for a deficiency. Or in other words the amount the bank is going to have to write off.

A foreclosure is where the bank has gone through the legal process and has taken possession of the property. Now if you write an offer on one of these properties you are negotiating directly with the bank and they want these properties sold and off of their books. They will typically price the home based on what their Reno Realtor is telling them. This will usually be about 3% under the market and if they get a strong offer will give it very strong consideration.

You will see lists posted in the newspapers and on some websites of notice of defaults. This is the early stages of foreclosure and from this point will usually take about 4 months before the bank takes over the property. Once the bank owns the home there are certain agents in this area that represent these banks and will put the homes on the Reno MLS just like any other property. 

Reno Foreclosures

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $700,000 - $800,000
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Photo of Listing #180008699

2110 Parkridge Cir, Reno, NV - $759,400

Residential, Site/stick Built
  • 6 Beds
  • 7 Baths
  • 4,755 SQFT
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This Is A True Dream Home! This Estate Is In An Excellent Location In Southwest Reno In A Very Private Community That Shares A Pool And Tennis Courts. The Landscaping Surrounding The Property Is Breathtaking. The Master Suite Has A Den With Beauti...

Reno/Tahoe Realty Group, LLC
Photo of Listing #180012905

11330 Crotone Way, Reno, NV - $433,500

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 2,881 SQFT
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Diamond In The Rough Near Double Diamond And Curti Ranch In South Reno! Large Open Floor Plan On 2 Levels And Almost 3,000 Square Feet Of Living Space With A Spacious Garage To Boot. One Of The Larger Lots In The Community.

Advance Realty Professionals
Photo of Listing #180009257

4832 Meadow Springs, Reno, NV - $384,500

Residential, Site/stick Built
  • 5 Beds
  • 3 Baths
  • 2,761 SQFT
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.to Submit An Offer On The Property For Consideration, Click On The Following Link To Submit Through Res.net: Res.net Property Offer Looking For A Project Or A Property To Rehab. Price Slashed And Owner Is Looking For An Offer. Four Bedrooms, On...

ERA - Realty Central
Photo of Listing #180012321

2121 Virginia Lake Way, Reno, NV - $354,900

Residential, Site/stick Built
  • 2 Beds
  • 3 Baths
  • 1,710 SQFT
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Welcome Home To This Lovely Picturesque Home Reminiscent Of The San Francisco Row/victorian Architecture Style. This Fantastic Virginia Lake Home In A Ideal Location Within Walking Distance Everything The Lake, To Midtown You'll Be Close To Down...

Greathouse Real Estate

4160 Bismarck Drive, Reno, NV - $320,000

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,375 SQFT
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This Is A Beautiful 3 Bed, 2 Bath Home With Nice Sized Rooms. Carpet Throughout The Home And Wood Vinyl In The Living Room And Kitchen. With The Living Room, There Is A Lovely Fireplace That Serves As The Focal Point With Natural Lighting Coming I...

Reno/Tahoe Realty Group, LLC

3133 May Rose Cir, Reno, NV - $319,900

Residential, Site/stick Built
  • 3 Beds
  • 3 Baths
  • 1,456 SQFT
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Reo Sale In Sought After Rosewood View Development. Great Proximity To Schools, Shopping And Mira Loma Park. New Southeast Connector Provides Convenient Access To South Reno And Sparks. No Immediate Rear Neighbors. Tile Kitchen Counters And Flo...

DoMore R.E. Drakulich Realty
Photo of Listing #180011158

215 Bartlett St, Reno, NV - $309,900

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,724 SQFT
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This Is A Lovely 3 Bed / 2 Bath Home With A Newly Renovated Kitchen And New Flooring Throughout. Just Across The Street From The University, This Home Resides In A Charming Neighborhood With A Backyard That Has A Lot Of Character!

Reno/Tahoe Realty Group, LLC

1825 Hawthorne, Reno, NV - $289,900

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,208 SQFT
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All Dolled Up And Ready To Go! This Lovely Home Has It All Extra Large Lot Mature Trees And Single Level Living. The Homes Features Include Spacious Rooms Wood Burning Fire Place, Attached Garage, Cooks Kitchen, And Covered Patio For Your Year Rou...

Greathouse Real Estate
Photo of Listing #180010723

8427 Sopwith Blvd, Reno, NV - $284,900

Residential, Site/stick Built
  • 4 Beds
  • 2 Baths
  • 1,400 SQFT
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Just Rehabbed And Move In Ready, This Home Has Is All New Carpeting New Laminate Flooring New, Paint , And A Beautiful New Kitchen With White Shaker Cabinets, New Counters, New Appliances. Truly A Place To Call Home This Functional Floor Plan Grea...

Greathouse Real Estate

Paying a fee for lists of foreclosures

There are companies out there looking for your money to send you vague and out of date lists of foreclosures. If you are looking at one of these companies I would Google them and look at the problems that some of their customers have had, don't waste your money or time on these services.

If you are working with another agent please contact them and have them show you the homes you choose, if they do not offer this service you might want to re think your strategy. I have been doing this for 27 years in the Reno area and will help you find a home that makes sense for you.

Call me for an immediate response at 1-775-771-1783

The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than Dickson Realty are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Listing information last updated on October 16th, 2018 at 12:11pm PDT.