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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 $200,000 - $300,000 $300,000 - $400,000
$400,000 - $500,000
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5800 Blue Hills, Reno, NV - $444,900

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 2,150 SQFT
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Move In Ready Home With New Carpet, New Septic System, New Back Patio. Great Hidden Valley Home On Corner Lot. Family Room Has Wood Burning Fireplace Perfect For Those Cool Winter Evenings. Large Back Yard Perfect For Relaxing Or Entertaining F...

Rustic Realty

2390 Glen Eagles Drive, Reno, NV - $389,000

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 2,080 SQFT
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Beautiful Northgate Home On A Quiet Street In A Desirable Neighborhood. The Entire Home Has Brand New Carpet, Paint And Laminate Flooring In The Kitchen. The Floor Plan Is Designed With A Large Living/dining Room Combo With High Ceilings And A Hal...

RE/MAX Professionals-Reno
Photo of Listing #170016993

21103 Mount Evans, Reno, NV - $329,900

Residential, Site/stick Built
  • 3 Beds
  • 3 Baths
  • 2,122 SQFT
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All Dolled Up A Ready To Go This Turn Key Home Has It All! This Adorable Home Is Spacious And Has Room For Everything It Even Has Charm And Chartered Beyond Belief, Large Bed Rooms, The Freshly Remodeled And Updated Home Features A New Kitchen Co...

Greathouse Real Estate
Photo of Listing #170016769

7772 Tulear Street, Reno, NV - $309,900

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 2,108 SQFT
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This Move In Ready Home Has Been Recently Renovated With New Flooring, New Stove And Dishwasher, New Interior Paint, New Rear Landscaping, New Furnace, New Hot Water Heater, New Interior Doors As Well As Other Repairs Have Already Been Completed.

Rustic Realty
Photo of Listing #170013658

275 Gramercy Lane, Reno, NV - $280,000

Residential, Condo/townhouse
  • 3 Beds
  • 3 Baths
  • 1,432 SQFT
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This Charming Townhouse Reminiscent Of The San Francisco Hills Is Located Only A Minutes Walk Away From The Serene Virginia Lake Recreational Area. The Home Comes Complete With A Spacious Attached Garage And Brand New Carpet, Making This Property ...

Reno/Tahoe Realty Group, LLC

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 January 21st, 2018 at 1:56pm PST.