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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
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$700,000 - $800,000
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2340 Trail Ridge Court, Reno, NV - $735,000

Residential, Site/stick Built
  • 4 Beds
  • 4 Baths
  • 4,255 SQFT
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Golf Corse Location And Gated Community-located On The Signature 14th Hole Of The Private Golf Course Boasting Full Area Views. Quality Upgrades Include Italian Marble In Master Bathroom, Chefs Kitchen With Bianco Romano Granite Marble Fireplace ...

Greathouse Real Estate

14825 Corsica, Reno, NV - $719,900

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 4,410 SQFT
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Located In The Estates At Mt Rose, Just A Half Hour From Lake Tahoe. This Single Level Home Sits On A 1.7 Acre Lot Which Features An In Ground Pool And Beautiful Views. The Master Suite Features A Walk In Closet, Double Sinks, Shower Stall, And Se...

Reno/Tahoe Realty Group, LLC
Photo of Listing #160017870

10990 N Mccarran, Reno, NV - $547,165

Residential, Site/stick Built
  • 4 Beds
  • 6 Baths
  • 6,524 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

10680 Solano Court, Reno, NV - $495,500

Residential, Site/stick Built
  • 4 Beds
  • 4 Baths
  • 3,128 SQFT
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This Home Is A Must See! The Master Suite Sits On The Main Floor Just Off Of The Living Room And Has A High Ceiling, Walk In Closet, Double Sinks, Bathtub, Separate Shower Stall, And Backyard Access. The Rest Of The Bedrooms Are On The Second Stor...

Reno/Tahoe Realty Group, LLC
Photo of Listing #170006252

410 Teramo Ct., Reno, NV - $454,900

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
Photo of Listing #170005763

3170 Villa Marbella Circle, Reno, NV - $450,000

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
Photo of Listing #170002269

30 Calla Lily, Reno, NV - $449,900

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

5813 September Circle, Reno, NV - $415,500

Residential, Site/stick Built
  • 4 Beds
  • 3 Baths
  • 1,966 SQFT
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If You Want A Tremendous View, This Home Is For You. At The Top Of Vista Ridge, On The Largest Lot In The Subdivision, With A 300' View Of The City, Foothills, & Sierra Mountains. Enjoy The Lights, Fireworks And Balloon Races, & Red Sunrises From ...

ERA - Realty Central
Photo of Listing #170004808

1570 Cricketwood Circle, Reno, NV - $375,000

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/recreation & Golf Course. Covered Patio In Rear. 55+ Community. See Attachment For Mls Requirements For Submitting Offers. Please Submit All Offers To The Listing Broke...

Sierra Nevada Properties-Reno

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 July 23rd, 2017 at 5:41am PDT.