Connect

Dashboard

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
Map Save this Search
Sort listings by:Price, High to Low

5048 E Lakeridge Terrace, Reno, NV - $434,900

Residential, Condo/townhouse
  • 2 Beds
  • 2 Baths
  • 1,647 SQFT
View details More Photos Save

Newly Renovated Townhouse In The Beautiful Lakeridge Community. This Golf-course Adjoining Townhouse Is Sure To Provide A Space Perfect For Relaxation, Entertainment, And More. With 2 Bedrooms, 2 Baths, And A Finished Basement, There's Plenty Of R...

Reno/Tahoe Realty Group, LLC
Photo of Listing #180016692

8935 Finnsech Dr, Reno, NV - $359,900

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 2,258 SQFT
View details More Photos Save

Spacious 4 Bedroom Home. Recently Refreshed With New Carpet, Fresh Paint Inside And Out, Newly Landscaped Front Yard, New Water Heater, And New Kitchen Appliances. 2 Large Bedrooms Upstairs. Master Bedroom W/ Sitting Room On Main Floor. Master B...

Trans Action Realty 500
Photo of Listing #180016005

10755 Silver Knolls, Reno, NV - $355,900

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 1,865 SQFT
View details More Photos Save

This Is A Lovely 4 Bed, 2.5 Bath Home With Newly Updated Features. With A Fireplace As The Focal Point Of The Living Room And The Family Room, This Home Is Great For Entertaining Or Just A Quiet Night In. Fresh Paint And New Carpet Throughout The ...

Reno/Tahoe Realty Group, LLC
Photo of Listing #180015481

3133 May Rose Cir, Reno, NV - $309,900

Residential, Site/stick Built
  • 3 Beds
  • 3 Baths
  • 1,456 SQFT
View details More Photos Save

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

1575 Elizabeth St, Reno, NV - $300,000

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,234 SQFT
View details More Photos Save

This Is A Lovely 3 Bed, 2 Bath Home In Old Southwest Reno. Home Has Great Potential With Unfinished Floors For It To Be The Perfect Fit For You. There Is An Amazing Fireplace In The Family Room With A Patio That Is Great For Entertaining.

Reno/Tahoe Realty Group, LLC

1825 Hawthorne, Reno, NV - $289,900

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,208 SQFT
View details More Photos Save

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

9494 Long River, Reno, NV - $289,900

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 2,355 SQFT
View details More Photos Save

Wonderful Opportunity In Stead. This Property Boasts 4 Bedrooms, A Loft/den/bonus Room On The 2nd Floor, 2 Full Bathrooms And A Half Bath Too! High Ceilings And A Master Bedroom On The Main Floor Are Just A Few Of The Great Qualities It Has To Off...

Reno Realty
Photo of Listing #180014066

4160 Bismarck Drive, Reno, NV - $281,600

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,375 SQFT
View details More Photos Save

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
Photo of Listing #180015562

615 Eureka Avenue, Reno, NV - $206,800

Residential, Site/stick Built
  • 6 Beds
  • 2 Baths
  • 1,293 SQFT
View details More Photos Save

Duplex Near Downtown A Perfect Opportunity!

Truckee Mountain Properties

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 December 19th, 2018 at 4:12am PST.