Reno Foreclosures - Reno Bank Owned Properties
Reno foreclosures are a sign of the economic times.
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 80% of these do not close escrow and expect a long frustrating escrow.
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.
"About 20% of all the homes on the market in Reno and Sparks are foreclosures and 30% are short sales".
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 |
290 Search Results Found. Showing Results 1 - 16.
Located in one of Reno's most prestigious gated communities 'Eagles Nest' in Caughlin Ranch....
Beautiful Executive home located in the master planned gated community of Arrowcreek in the...
BANK OWNED PROPERTY. REO. SOLD AS-IS, WHERE-IS.
This is a terrific price for a gorgeous property in Montreaux. The home offers 3BD, 2.5BA,...
Absolutely beautiful home located within a gated community in desirable Somerset. This home...
Courtyard entry with hot tub leads to the huge great room. Views of the Sierras and a large...
Gorgeous home with an endless amount of wonderful features! The master has double sinks, a...
Wonderful Southwest Reno neighborhood, located on low traffic, low noise cul-de-sac, with city...
Large, beautiful home in gated Arrowcreek community. Living room features a dining area, office/den...
This property and the terms of its sale is now under auction terms and conditions. All pre...
Beautiful 3000 sf single level home on the golf course in Somersett. This spacious home features...
Wonderful property. Lots of trees and terrific views. There are three bedrooms, plus an office...
This is incredible home with vast dimensions and great living space! There are so many unique...
Beautiful custom home that is approx. 90% completed on over 40 acres. Do your own finishing...
Beautiful semi-custom home in Canyon Pines. Completely updated and move in ready! Updated tile...
Beautiful home in Arrowcreek Village in Arrowcreek. Single level home with a bonus room that...
© 2012 Northern Nevada Regional MLS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Northern Nevada Regional MLS, Inc. Real estate listings held by brokerage firms other than Broker/Owner: Dickson Realty - David Hughes are marked with the Broker Reciprocitysm logo or the Broker ReciprocitySM thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct but advises interested parties to confirm the data before relying on it in a purchase decision.
IDX data last updated at 2012-02-03 23:36:17
Dave being interviewed on KRNV TV about Reno Foreclosures
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 24 years in the Reno area and will help you find a home that makes sense for you.
Call me for an imediate response at 1-800-692-1193
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