Foreclosures, Bank-owned & REO properties are all one in the same. All are properties that have been foreclosed-on and currently owned by the lending institution/trustee of the lender. Foreclosed home's come in various property condition's, some are in great condition, some need a lot of work and everywhere in-between.
There are several different types of distressed property listings besides foreclosures;
One of the biggest differences between a foreclosure and a traditional sale is buyers don't receive the seller questionnaire nor the transfer disclosure statements on a foreclosure because the banks/trustees don't know the properties history. A professional home inspection is always recommended on any home purchase but especially on a foreclosure due to the lack of disclosure information.
A foreclosure purchase is thought of being the "better deal" when compared to a traditional purchase. A traditional sale even with a higher purchase price is a better deal 60+% of the time. Reason being, you must consider your time, repair/remodel costs, mortgage costs incurred during construction along with all the other fees/costs incurred when buying a foreclosure property and add them together to get the actual cost of the home. Most of the time, a traditional home purchase that is move-in ready will have a lower total cost to purchase/move-in price than a foreclosed home that needs "work".
Don't get me wrong, sometimes you can find a great deal on a foreclosure. However, with the number of foreclosed homes steadily decreasing month after month and the number of buyer's/investors staying the same or increasing only means foreclosed homes are at a premium due to the lack of inventory and the large number of people looking for them.
Lennar build absolutely stunning 2-story home 4 bedrooms with 3 full baths and a loft,situated in highly desirable Bethany Village walking distance to K-8 Elementary scho...
Listing courtesy of Go2Realty Pros, Inc..
Don't miss out on this fantastic opportunity to own a home in the vibrant 55+ community of Sun Meadows! This residence boasts a stunning kitchen equipped with tile counte...
Listing courtesy of Portfolio Real Estate.
This bank owned home needs a little love and TLC but what a house with a lot of potential. It is a 4 bedroom and 3.5 baths with a court yard and a casita. Right now this ...
Listing courtesy of Keller Williams Realty.
Check out this 4 bedroom, 2 baths family cabin located in the Mace Meadows area of Pioneer, CA. Only 45 minutes to Kirkwood Ski Resort! Enjoy skiing, fishing, hiking, mou...
Listing courtesy of Sierra Homes & Properties.
Incredible opportunity, tremendous potential! Don't miss this 3 bedroom, 2 bath property with a sizeable yard with shade structure. A little love will go a long way to ma...
Listing courtesy of Security Pacific Real Estate.
Come see for yourself, this home has a built-in brick BBQ in the kitchen! An Office/Den, which can be used as an extra room, making this a possible 5-bedroom home! Cozy u...
Listing courtesy of Results Realty & Mortgage.
Welcome to 19071 Allan Rd W, an enchanting retreat nestled amidst the picturesque landscapes of Volcano, CA. This charming property boasts a cozy main residence featuring...
Listing courtesy of Luigi Caprio Realty.
Welcome to 6213 Dark Star Way, a charming oasis nestled in the heart of Orangevale, CA. This delightful property offers a cozy main residence featuring 3 bedrooms and 2 b...
Listing courtesy of Luigi Caprio Realty.
Welcome to 22814 Saint Helena Dr, where country charm meets modern convenience in the serene enclave of Smartsville, CA. This delightful property is modular house with pe...
Listing courtesy of Luigi Caprio Realty.
Welcome to your dream retreat nestled in the serene landscapes of Sutter Creek, California. 15050 Sutter Highlands Drive offers a rare opportunity to own a piece of parad...
Listing courtesy of Keller Williams Realty.
Welcome to 236 W Poplar, Stockton CA! This charming 3 bed, 2 bath home boasts a spacious concrete area perfect for entertaining or parking. With its two-story layout, thi...
Listing courtesy of A 2 Z Homes, Inc..
Indulge in luxury and tranquility at this 3-bedroom, 3-bath countryside estate on 5.28 acres. Built in 2006, the meticulously crafted residence features crown molding, a ...
Listing courtesy of Troy Davis Real Estate, Inc..
This darling home has been renovated inside and out by Fannie Mae and is move-in ready! Improvements include fresh paint inside and out, updated kitchen and bathrooms, pl...
Listing courtesy of Coldwell Banker Award Realtors.
Excellent value, priced right! 3 bedroom, 1.5 bath Orangevale on the quiet part of Main Ave! This is a must see near 6 figure remodel. Freshly painted, completely remodel...
Listing courtesy of Gaymond Lee, Broker.
**Attention Investors & DIY Enthusiasts!** Welcome to this charming three-bedroom, 2 1/2 bath home in need of some TLC. This property offers a unique opportunity for res...
Listing courtesy of Sierra Homes & Properties.
This is a residential and commercial property. Close to highway 80 and offices as wells as shopping area. Great opportunity to build a multifamily units. Large lot.
Listing courtesy of Lyon RE Fair Oaks.
Welcome to your charming cabin retreat with all the modern comforts you could desire! Step into this cozy abode featuring fresh interior paint that enhances the warmth an...
Listing courtesy of eXp Realty of California, Inc..
Nestled in the scenic beauty of Colfax, California, this property offers more than just a home, it presents a lucrative investment opportunity. Boasting a spacious main r...
Listing courtesy of Keller Williams Realty.
Welcome to 9641 Rock Creek Road, where nature's beauty meets opportunity. Perched majestically on a serene hillside in picturesque Placerville, this property offers more ...
Listing courtesy of Keller Williams Realty.
Owners loss your gain on this ONCE-IN-A-LIFETIME opportunity. Situated on 4.43ac's with drop dead view of Folsom Lake & Sutter Buttes plus this home has 9,167sf with 4-6 ...
Listing courtesy of GUIDE Real Estate.
Mountainside property located in the hills of Sutter Creek CA. The home is excellent for those who enjoy a peaceful and private location away from the city life. Upon arr...
Listing courtesy of A 2 Z Homes, Inc..
Terrific Price Improvement. Large 3 bedroom 2.5 bathroom home. Open first level floor plan with large living and family areas. Located nearby schools and transportation....
Listing courtesy of Mequity Real Estate.
Priced right- Tremendous income opportunity and potential for the right buyer. Previously used as multi-unit investment- main home is 3 units, basement unit and unit abov...
Listing courtesy of Security Pacific Real Estate.
This exquisite Colonial Heights home is tucked away in one of Stockton's quiet neighborhoods. Excellent opportunity for a first time home buyer or investor, this 3 bed 2 ...
Listing courtesy of RE/MAX Gold Laguna.
Discover the perfect canvas for your dream condo at 1900 Danbrook. This 1-bed, 1-bath residence with an attached garage awaits your personal touch. Embrace the potential ...
Listing courtesy of A 2 Z Homes, Inc..
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