Sacramento Real Estate | Sacramento Bank-Owned Properties

"Where can I find the best deal on a home?"

I'm often asked this question. And—in a changing market with a large number of foreclosures and pre-foreclosures—the answer just might be: Buy a bank-owned property.

Bank-owned or foreclosure property (sometimes referred to as an REO because it's Real Estate Owned by the bank) is real estate that has been repossessed by the financial institution or lender (including private party lenders) because the original owner defaulted or stopped making payments on the loan. Fortunately for you banks aren't in the business of owning real estate, they're in the business of making loans. This means they're motivated to sell the property to free up cash that they can use to make loans to other borrowers. And wouldn't you be glad to help the bank out by taking that property off its hands? At a discount, of course...

Buying a Sacramento area bank-owned property

Now that you're ready to buy a piece of quality bank-owned real estate—which can include single family homes, condos, multifamily properties, duplexes, triplexes, fourplexes, apartment buildings, commercial properties, and even vacant land—at a discounted price, it's primarily a matter of identifying your buying goals and finding the property that best meets your needs!

Please fill in ALL of the form fields below. We'll contact you and get you set up to receive info on bank-owned properties as they come on the market. Remember: Before you look at homes it's important to get prequalified or preapproved for a loan. If you're not sure who to talk to about a loan, you can find a preferred Sacramento area lender here.

As always, if you have any questions about a specific property, please
give me a call at (916) 444-7577 or (866) 720-CITY (2489)
or you can send me a message Thanks!