Solano, Sonoma, and Napa County's #1 Resource for Searching *REO Bank Owned Foreclosed Homes and Real Estate for Sale

REO Bank Owned Properties Great Price

In the last two years we have represented many bank owned real estate for sale in in our service area. Since the sellers of these properties are banks, we have much experience working with them and know the in's and out's of working with the banks getting homes sold.

The current market conditions make it a perfect time to purchase bank owned properties for your private residence, rental or resale. During economic downturns, more upscale homes go into foreclosure, so the notion that foreclosure homes are only available in crime-ridden areas is inaccurate. Homes in affluent areas are also part of the mix of foreclosed real estate available.

This downturn in the economy and the high numbers of homes for sale due to foreclosures has forced home prices down as much as 30% to 40% since the market peak of 2006 - 2007. Many banks are offering reduced prices and other incentives such as buyers closing costs and some repairs and rehab to sell homes quickly and efficiently.

[...*REO stands for "Real Estate Owned" and refers to foreclosure properties that have been returned to the bank. REO is also known as "Bank Owned". The bank is the owner instead of a regular homeowner...]

Search For Bank Owned REO Homes for Sale

Find Properties with Our Search Function

If you are in the market for a new home your first step is to use our advanced search engine website to search for homes for sale. Here you can search the local multiple listing service (MLS) specifically for foreclosure real estate. myREOforeclosures.com website lets you search by map or by advanced search- where you can create your own list of search attributes such as school district, subdivision, views, and many more attributes. We also invite you to set up a FREE "My Listings Manager" where you can save search criteria and save property information that meets your search requirements. You can also receive updated property information via email when new properties that meet your needs hit the market. Think of this as your own private manager that allows you to search, track and save properties listed in the MLS, all in a *private, password protected account.

[...*Any information you provide to us is only used to help us do a better job for you. Information you provide to us is not shared with anyone. You are free to cancel your account at anytime and there is no obligation to use our services...]

Homeowners... Is the foreclosure cloud looming overhead?

Are you or someone you know...

  • Facing foreclosure?
  • Behind on mortgage payments?
  • Having to sell their home but can't?
  • Experiencing a job loss?
  • Feeling overwhelmed by all of the above?

Today's distressed homeowners need answers and someone to offer options and help them understand their legal rights. As REALTORS®, it is not only our job, it's our passion to provide you with the help you need, when you need it. Although this website focuses on finding properties to purchase, it is a great resource to search for properties similar to your home and to zero in on a value range of your home. There are many options available to you if you are currently in pre-foreclosure or have missed or will soon be missing your mortgage payments due to adverse personal situation like a job loss, divorce, medical issue, death, or some other economic hardship that has you and your mortgage upside down.

Among other options, a Short Sale could be your answer... A short sale is more desireable than a foreclosure. A short sale is where you sell your home for less than what is owed. The bank must agree to the short sale and it is a complicated process. We have experience with the short sale process and hold the designations: "Certified Distress Property Experts (CDPE)" and "Pre-Foreclosure Specialists (PSE)". With these designations we are equiped with the knowledge and tools to help you through this complicated process. If you are upside down on your personal residence please see our other website www.WhatWeDoDifferent.com (that spells out what we do different to help you sell your home) and click on Short Sale.

[...*Did you know there are other remedies to foreclosure? Other options include: Reinstatement, Forebearance, Sell the Property, Rent the Property, Refinance, Mortgage Modification, Short-Refi, Deed-in-Lieu of Foreclosure, Bankruptcy, Servicemembers Civil Relief Act (SCRA for military personnel), and the Short Sale. Call us for a confidential consultation...]

Jennifer Moore and Valerie Bechelli - REALTORS®

Valerie Bechelli and Jennifer Moore are a successful “sister team” who has the distinction of being the #1 agent team for Coldwell Banker Solano Pacific for 2006 thru 2009 and Coldwell Banker’s prestigious Presidents Circle Team designation for 2008 and 2009. They also hold the designation of the #1 team for Solano Association of Realtors for 2007 and 2008. They have also successfully completed the REO Best Practices and Advanced Evaluations and hold the designation RDCPro. Click here to learn more information about Valerie Bechelli and Jennifer Moore.