There are numerous TV shows, books and weekend seminars teaching you how to capitalize on these properties. They are also commonly referred to as bank-owned properties, HUD homes, distressed properties and short sales. I’ve had the pleasure of showing properties to entire groups of “How to Buy a Foreclosure” seminar attendees.
Bank owned properties are usually sold as-is with an inspection period. Some foreclosure properties may still be occupied by home owners who are in the process of being foreclosed on. It’s important to be pre-approved for your mortgage before searching for these homes.
Short sales are described as situations where the homeowner owes more on the property than it is worth and the mortgage holder has to agree to accept less than what is owed on the mortgage at time of sale. This can be a lengthy process of negotiating with the bank with no guarantees that the bank will take less than what is owed. Often the homeowner must prove a hardship that is acceptable to the bank. If they are unable to do so, the bank will reject the short sale.
Wonderful 1 story in a great location 3 bedroom, 1 bath and 1 full car garage, additional storage and a patio cover that is enclosed. Close to shopping transportation, pa...
Listing courtesy of Keller Williams Realty.
Located in the very desirable gated Riverwoods HOA and community. Highly sought after neighborhood with common pool and tennis courts and abuts the American River Parkwa...
Listing courtesy of Security Pacific Real Estate.
Amazing opportunity to make this home all yours! Its ready for your special touch. Located in the flatlands of Rio Linda, residents will find this neighborhood home in an...
Listing courtesy of A 2 Z Homes, Inc..
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2022 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .