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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
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665 Royal Windsor Court, Reno, NV - $490,000

Residential, Site/stick Built
  • 5 Beds
  • 4 Baths
  • 3,195 SQFT
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Five Bedrooms On A Cut De Sac In Curti Ranch. Walk Out The Door And Be Right On The Bike Path. This Home With A Three Car Garage Has Room For All Your Toys. Large Kitchen With Fireplace And Family Room Area To Relax In. Great Backyard For Enterta...

Coldwell Banker Select RE ZC
Photo of Listing #190002609

10092 Cascade Falls Dr., Reno, NV - $436,900

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

20983 Little Valley Ct, Reno, NV - $343,200

Residential, Site/stick Built
  • 4 Beds
  • 2 Baths
  • 2,312 SQFT
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See Home Inspection Report In "docs". Water Leak In Crawl Space Under Master Bedroom Tub. Amazing Opportunity To Own A Large Executive Home In Cold Springs At A Great Price! Within The Desirable Peavine View Estates Sub Division Cold Springs Com...

Advance Realty Professionals
Photo of Listing #190009009

20982 Little Valley Court, Reno, NV - $299,900

Residential, Site/stick Built
  • 4 Beds
  • 2 Baths
  • 2,312 SQFT
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*seller Has Received Multiple Offers And Is Asking For Buyers Highest And Best Offers By 8/22/19 At 10:59 Pacific Daylight Time.* Amazing Opportunity To Own An Large Executive Home In Cold Springs At A Great Price! Within The Desirable Peavine Vi...

Advance Realty Professionals

8661 Beechcraft Dr., Reno, NV - $280,000

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,266 SQFT
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This 3 Bed, 2 Bath Home Is In A Quaint Neighborhood With A Lovely Layout. Walking Into The Living Room, There Is Lots Of Natural Light And Will Lead You Into The Dining Room Where One Can Go To The Backyard. Mature Trees And A Small But Nice View ...

Reno/Tahoe Realty Group, LLC
Photo of Listing #190002268

11650 Overland, Reno, NV - $254,900

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 1,176 SQFT
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Level Lot And Good Curb Appeal Make This Home Attractive To The Auto Collector, Horse Enthusiast, Motor Cycle Rider Or Someone Who Desires Open Spaces And A View Of Peavine. Bedrooms Are Spacious, Bath Were Updated In The Past. Please Talk To Your...

ERA - Realty Central

1460 La France Lane, Reno, NV - $210,000

Residential, Manufactured/modular
  • 3 Beds
  • 2 Baths
  • 1,512 SQFT
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This Home Is A Spacious 3 Bed, 2 Bath Modular Home With Residential Views And A Mountain Backing The Property For Great Privacy. This Home Is In A Great Location With Minimal City And Freeway Noise. Come And See The Potential!

Reno/Tahoe Realty Group, LLC

215 Quarterhorse Cir, Reno, NV - $200,000

Residential, Site/stick Built
  • 3 Beds
  • 2 Baths
  • 2,426 SQFT
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This Home Has Tons Of Privacy And Is The Perfect Getaway From City Living. Sitting On A Little Over 10 Acres, Take Advantage Of The Peaceful Desertous Landscape. This Home Has A Unique Layout, With A Finished Basement Featuring A Bar Area And Fire...

Reno/Tahoe Realty Group, LLC
Photo of Listing #190009669

7680 Bluestone Drive, Reno, NV - $122,900

Residential, Condo/townhouse
  • 1 Bed
  • 1 Bath
  • 665 SQFT
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Opportunity Knocks! Highly Sought-after Wood Chase Condo. This 1 Bedroom, 1 Bath Condo Is Located On The Ground Floor Which Provides Easy Access. The Hoa Features Many Amenities, Club House/rec Room, Gym, Pool, Spa/hot Tub, Partial Utilities, Com...

RE/MAX Realty Affiliates CC

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 August 24th, 2019 at 12:56pm PDT.