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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
$300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000
$600,000 - $700,000 $800,000 - $900,000
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490 Tularosa Court, Reno, NV - $852,800

Residential, Site/stick Built
  • 3 Beds
  • 4 Baths
  • 3,369 SQFT
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Fantastic Value In Reno’s Exclusive Arrow Creek Gated Community On An Arnold Palmer Designed Golf Course! Large 1 Acre Lot With Lots Of Parking On Site For Your Cocktail Parties.

Advance Realty Professionals

1708 Belford Road, Reno, NV - $649,950

Residential, Site/stick Built
  • 7 Beds
  • 5 Baths
  • 5,440 SQFT
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Wonderful Opportunity In Spyglass Estates, Featuring Amazing Views From All 3 Stories Of This 7 Bedroom 4.5 Bath Home. The Main Floor Features A Bedroom With En Suite Bathroom, Kitchen, Laundry, A Formal Dining Room, Informal Dining Area, Formal L...

Reno Realty

6401 Peavine Hills Avenue, Reno, NV - $570,000

Residential, Site/stick Built
  • 4 Beds
  • 4 Baths
  • 3,625 SQFT
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Cash Buyers. No Cooking Facilities. Located Near End Of Peavine Hills Ave. Mountain Views Front And Back. Needs. Two Story Home With Great Potential. Needs Tlc And Kitchen Appliances. Close To All Schools, Freeway And Shopping Centers. Cash ...

Advance Realty Professionals
Photo of Listing #190002609

10092 Cascade Falls Dr., Reno, NV - $450,000

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,721 SQFT
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This Home Has New Flooring And Fresh Paint Throughout! The Kitchen Has An Open Concept With An Island And Lets Out To The Living Area Where The Fireplace Is The Beautiful Focal Point. This Lovely Home Backs Right Up To Its Own Walking Trail And A ...

Reno/Tahoe Realty Group, LLC

20982 Little Valley Court, Reno, NV - $350,500

Residential, Site/stick Built
  • 4 Beds
  • 2 Baths
  • 2,312 SQFT
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Amazing Opportunity To Own An Large Executive Home In Cold Springs At A Great Price! Within The Desirable Peavine View Estates Sub Division Cold Springs Community Of Well-built Stucco Finished Homes. Close To Blm Land And Expansive Mountain Vista...

Advance Realty Professionals

9925 Rising Sun Ct, Reno, NV - $314,900

Residential, Site/stick Built
  • 4 Beds
  • 2 Baths
  • 1,530 SQFT
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Interior Has All New Flooring, Freshly Painted Cabinets, New Counter Tops In Kitchen And All Appliances In Kitchen Are Brand New! Super Cute House - Great Floor Plan And Modern!

Keller Williams Group One Inc.

9170 Spearhead, Reno, NV - $310,000

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,332 SQFT
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Spacious 3 Bed 2 Bath Home In Golden Valley, Complete With Just Under An Acre Of Land, A Cozy Fireplace In The Center Of The Living Room, And A Large Garage For Storage And Parking! Have The Privacy Offered By A Low Density Area. Enjoy The Galley ...

Reno/Tahoe Realty Group, LLC

3541 Rio Poco, Reno, NV - $295,000

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,517 SQFT
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This Home Includes A Lot Of Space And A Tons Of Potential. Location Is Great With Well Maintained Homes All Around, Shopping Within Walking Distance, Bus Lines Nearby, Schools Within Minutes. Addition Increased Square Footage To Over 1500 Sq Ft A...

ERA - Realty Central

18192 Pin Oak Ct, Reno, NV - $282,500

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,660 SQFT
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At The End Of A Quiet Cul-de-sac, This Home Has A Great Layout With Lots Of Natural Light. The Home Is A Perfect Space To Spend Your Days; There Is A Deck Out Back That Is Wonderful For Entertaining And A Concrete Slab For A Hot Tub. Located In Co...

Reno/Tahoe Realty Group, LLC

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 June 16th, 2019 at 8:11pm PDT.