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.
Welcome to 6481 Dark Canyon Road in Placerville, CA! This incredible property presents an exceptional opportunity for those seeking a prime land investment. Set amidst th...
Listing courtesy of Keller Williams Realty.
This is a must see home with an awesome single story floor plan. Walking distance to several parks for your enjoyment with recreation as well as the highly sought after ...
Listing courtesy of Apple Real Estate Group Inc.
Wonderful opportunity, 2 parcels totaling 19 acres APN#152-0190-022-0000 and #152-0190-0000 residential agricultural property with old style home that produces a warm and...
Listing courtesy of A.D. Bilich, Inc/Preferred Financial.
Welcome to your dream home in Auburn Lake Trails! This beautiful gated community with private golf course, clubhouse, community center, tennis courts, pools, riding and h...
Listing courtesy of Cool Land and Homes by Keller Williams.
"Serenity Now" Commune with nature on this Peaceful 1 acre lot full of Privacy. This home is set amongst greenery. Desperately needs a makeover! Ranch Style 3 bedroom 2...
Listing courtesy of Vylla Homes Inc..
Don't miss out on this fantastic investment opportunity located at 3837 Meramonte Way in the desirable North Highlands. This property presents an affordable option for th...
Listing courtesy of Keller Williams Realty.
Fantastic opportunity to own a miner's cabin on a nice level lot to build on however you please! Also connected to public water! Riding trails are nearby as well. Come en...
Listing courtesy of Security Pacific Real Estate.
Introducing 6740 75th Street, a fantastic housing opportunity in the heart of Sacramento, CA! This property holds immense potential for those with a vision to transform i...
Listing courtesy of Keller Williams Realty.
Welcome to 714 E Jefferson Street, Stockton, CA! This property presents an incredible opportunity for those seeking a fixer-upper in a prime location for an amazing price...
Listing courtesy of Keller Williams Realty.
Welcome to 4015 Deer Hill Drive, Sacramento, CA! This property presents a fantastic opportunity for those with a vision and a knack for transforming a fixer-upper into a ...
Listing courtesy of Keller Williams Realty.
Bank owned 3 bedroom 2 bath on approx 2 acres. off Rattlesnake Rd , Home is a fixer and is not lendable. Seller will not do any repairs As-iS Sale
Listing courtesy of Core Real Estate Brokerage.
Welcome to 7 Anacapa Court, an exciting opportunity for those seeking a fixer-upper in the heart of Sacramento, CA. This 4-bedroom, 2-bathroom home is waiting for the rig...
Listing courtesy of Keller Williams Realty.
Here is an opportunity for this bank owned 5 acres with an 1,888 SQFT 3 bedroom and 2.5 bath home that is a fixer. Check out the large Detached Work shop with High Roll u...
Listing courtesy of Keller Williams Realty.
"UNFINISHED BUISNESS" Beautiful home in one of the best locations Auburn has to offer. Cash is King'' FIXER! Home boasts all the comforts offered plus a private pool all...
Listing courtesy of Vylla Homes Inc..
LARGE PRICE REDUCTION !!! HURRY IT WON'T LAST LONG !!When you exit State Route 26 follow the paved road up the hill between the white fences to a slice of heaven on top o...
Listing courtesy of Collins Realty Inc..
This 3 bedroom/2 Bath home is looking for that right investor or 1st time home buyer looking for a fixer upper that needs a little TLC.
Listing courtesy of Vylla Home Inc..
AUCTION. Shared driveway access welcomes you to this single-family, perfect for in-town living! With 870 square feet of living area, the home features 2 bedrooms and 1 b...
Listing courtesy of A List California Properties.
Bring your vision and make this 2 bedroom, 1 bathroom home your own. With 1,660 square feet of living space on a flat 1.73 acres, there's so much opportunity. Featuring a...
Listing courtesy of eXp Realty of California Inc..
Seller says SELL IT NOW by Auction! Will sell with tenant/occupants in place. Very private, remote and beautiful lot, with expansive, sweeping views of the Amarican River...
Listing courtesy of Cool Land and Homes by Keller Williams.
Bring your chairs to this little porch! 2 bedroom 2 bath, 1040 square foot, detached garage on 5,227 square foot lot. With some updates this could be the perfect little b...
Listing courtesy of RE/MAX GOLD Plymouth.
Love the location and the neighborhood.... Wonderful 4 bedroom floor plan that includes an office or downstairs bed 3 full bath and a loft where a 5th bedroom is possible...
Listing courtesy of Keller Williams Realty.
Welcome to 3452 Wemberley Drive! This property is a fantastic opportunity for anyone looking to put their personal touch on the property and make it their own. Situated i...
Listing courtesy of Keller Williams Realty.
Welcome to 2157 Cottage Way, a charming condo with endless potential to make your own! This condo features a cozy living space with an open concept layout, perfect for e...
Listing courtesy of Keller Williams Realty.
Looking for privacy and panoramic views? You'll find it here, tucked back a long drive, amidst Deer Creek Park in Penn Valley. Single- Family with attached double-car ga...
Listing courtesy of Christopher Rockey.
Beautiful home, close to downtown Nevada City in the gorgeous Willow Valley area. Brand new roof, gutters and interior paint! Home is nicely updated and situated at the e...
Listing courtesy of Century 21 Gold Dust Realty.
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