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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 Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
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8061 Highland Flume Circle, Reno, NV - $439,900

Residential, Site/stick Built
  • 4 Beds
  • 5 Baths
  • 2,748 SQFT
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Private And Secluded Low Traffic, Low Noise Northwest Reno Neighborhood. With 2748 Sq Ft Of Living Area, Which Includes A Separate Casita Ideal For Home Office Or Separate Living. Main Home Has 3 Bedrooms, 3.5 Baths And A 2 Car Garage. Enter Into ...

Allison James Estates & Homes
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 #180002055

9575 Red Rock Road, Reno, NV - $299,900

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 3,677 SQFT
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Spacious Split Level Custom Home On 5 Plus Acres. Upstairs Offers 3 Bedrooms And Two Baths With Lots Of Closet Space, Huge Formal Living Room, Formal Dining Area And An Updated Kitchen . French Doors Open To A Deck With A View Of Red Rock, Peavine...

ERA - Realty Central

6895 Forsythia, Reno, NV - $249,400

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,048 SQFT
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Move In Perfect, This Doll House Has It All New Paint Inside And Out, Ne Flooring Throughout, New Kitchen Complete With Stainless Appliances And Granite Counters And Shaker Cabinets Designer Finishes Will Impress. No Hoa! Conveniently Located Clos...

Greathouse Real Estate

7627 Jimson Drive, Reno, NV - $227,000

Residential, Condo/townhouse
  • 2 Beds
  • 3 Baths
  • 1,540 SQFT
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This Spacious Is Tucked Away In A Convenient Location In Southeast Reno Only A Stone's Throw Away From Beautiful Huffaker Park. The Master Bedroom Includes Double Closets, A Master Bathroom, And Even A Private Deck! If This Meets Your Needs, We ...

Reno/Tahoe Realty Group, LLC
Photo of Listing #180002383

12293 Green Mountain, Reno, NV - $166,500

Residential, Site/stick Built
  • 2 Beds
  • 1 Baths
  • 988 SQFT
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Great 2 Bedroom Home. Remodeled Home With Large Lot. Close To Schools, Freeway And Shopping Centers. Sold As Is. Seller Cannot Entertain Offers Until Property Has Been On The Market For 5 Days.

Advance Realty Professionals

4604 Neil Rd, Reno, NV - $81,100

Residential, Condo/townhouse
  • 1 Bed
  • 1 Bath
  • 644 SQFT
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Ground Floor Condo Conveniently Located Next To Schools, Shopping, And Public Transportation. Well Maintained Complex With Pool And Tennis. Meadow Wood Mall Right Across Mccarran Blvd.

Advance Realty Professionals

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 April 24th, 2018 at 1:41am PDT.