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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
$500,000 - $600,000 $600,000 - $700,000
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Photo of Listing #160017870

10990 N Mccarran, Reno, NV - $675,513

Residential, Site/stick Built
  • 4 Beds
  • 6 Baths
  • 6,730 SQFT
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Luxury Home Overlooking Downtown Reno. Spectacular View Of Entire City, Mountains & Valley. Over 1 Acre Of Land Zoned For Horses, No Hoa. Granite Counter Tops Through Out The Home, Several Types Of Hardwoods With Premium & Superior Building Materi...

Advance Realty Professionals
Photo of Listing #170002269

30 Calla Lily, Reno, NV - $554,900

Residential, Site/stick Built
  • 3 Beds
  • 3 Baths
  • 2,915 SQFT
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Great Home Located In Fieldcreek, Just A Half Hour From Lake Tahoe! This Single Level Home Sits On A .62 Acre Lot Which Features Beautiful Views. The Master Suite Features A Walk In Closet, Double Sinks, Shower Stall, And Separate Bathtub. Home Ha...

Reno/Tahoe Realty Group, LLC
Photo of Listing #160012816

4379 Dunkeld Road, Reno, NV - $542,000

Residential, Site/stick Built
  • 4 Beds
  • 4 Baths
  • 3,138 SQFT
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This Home Features Separate Living And Family Rooms. New Carpet Throughout Home. 2 A/c Units. Located Close To Shopping, Parks And Has Easy Access To Commuter Streets.

Rustic Realty

3170 Villa Marbella Circle, Reno, NV - $509,900

Residential, Site/stick Built
  • 3 Beds
  • 3 Baths
  • 2,328 SQFT
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Entertain With Pride In This Southwest Reno Home Featuring 3br/2.5ba Stainless Steel Appliances, Double Oven, Warming Drawer, Work Island, Granite Counter Tops, Custom Cabinets, Wet Bar With Wine Chiller, Fresh Exterior Paint, Gas Fireplace, Hardw...

RE/MAX Realty Affiliates CC

410 Teramo Ct., Reno, NV - $479,900

Residential, Site/stick Built
  • 5 Beds
  • 4 Baths
  • 3,577 SQFT
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Move In Ready Like New Home, New Interior And Exterior Paint, New Carpet. Upgraded Interior With Granite Countertops In Kitchen, Stainless Appliances. Master Suite And Laundry Room Are On Main Level, Other 4 Bedrooms, 2 Bathrooms And Additiona...

Rustic Realty

2589 Spring Flower Drive, Reno, NV - $414,900

Residential, Site/stick Built
  • 5 Beds
  • 3 Baths
  • 2,358 SQFT
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Brand New Paint And Carpet!! This Spacious Two Story Home Is Located In The Desirable Damonte Ranch Area Of South Reno. Only Minutes Away From Damonte Ranch High School, This Home Includes 5 Bedrooms And 3 Bathrooms With A Large Backyard Patio Ar...

Reno/Tahoe Realty Group, LLC

1570 Cricketwood Circle, Reno, NV - $390,000

Residential, Site/stick Built
  • 2 Beds
  • 2 Baths
  • 1,834 SQFT
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Popular Floor Plan In Del Webb Somersett. Good Location Close To Clubhouse. Covered Patio In Rear. 55+ Community. See Attachment For Mls Requirements For Submitting Offers. Please Submit All Offers To The Listing Broker/agent. House Has Not B...

Sierra Nevada Properties-Reno

15180 Western Springs, Reno, NV - $348,400

Residential, Site/stick Built
  • 3 Beds
  • 3 Baths
  • 1,616 SQFT
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Great Two Story Home. Large Concrete Rv Parking. Close To Town And Schools. Lots Of Trees And In Ground Pool. Great Home And Floor Plan In Very Good Condition With Wood Floors, Granite Counters. Large, Private Yard With Built-in Pool, Fiberglass...

Advance Realty Professionals

970 Hamilton Road, Reno, NV - $314,900

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,684 SQFT
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Located In Virginia City Highlands On 10.01 Private Acres. One Level Custom Home With 3 Bedrooms, 2 Baths And Great Room. Covered Deck. Mountain Views. Agents Please Read Private Remarks And See Associated Documents. This Property Is Eligible Unde...

Dickson Realty - Caughlin

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 May 29th, 2017 at 10:11am PDT.