Looking for a Bank Owned Foreclosure?

Foreclosures offer a great opportunity for many choices throughout the greater Las Vegas area.  The condition of these properties can range from being excellent to a real "fixer".  You can search below or contact us with your criteria & we will set up a specific search just for you, without you having to go through hundreds of properties that don't fit your needs.

Buying a bank owned property does not have to be stressful. An understanding of few simple points & terms will help you experience a smooth transaction. 

1. Banks sell their properties "as is" regardless of whether the home is in great condition or needs alot of work.

2. Be prepared to write an offer by looking at what comparable properties in the area have sold for.  You will also need a pre-approval letter from a lender or proof of available funds if you are writing a cash offer.  Some banks will want you to be pre-approved by someone from their own lending institution, but you can use whomever you want to close the loan. You will also need earnest money to show your good faith. 

3.  Once your offer is accepted you will have a certain number of days to complete your inspections (unless you have agreed to purchase the property without that contingency) and go through your loan approval process.  Some banks will charge the buyer if the closing goes beyond the contract date or if an extension is needed. 

Be sure you have given yourself sufficient amount of time to close if you are taking out a loan.

For more information or assistance in finding a foreclosure please contact us with your criteria.  We can be reached easily by email or telephone.  We are here to guide you smoothly through the process.