Welcome to myBankOwnedProperty.com!
Now
Featuring Davis and the rest of Yolo County!
This is the ONLY place on the web where you can
browse the
COMPLETE list of bank owned properties for sale in
Sacramento, Placer and
El Dorado Counties. See: View the "Hidden" REOs
below.
Go
to Bank Owned Property for:
Sacramento
County
**
Placer
County
**
El
Dorado County
**
Yolo
County
Go to Bank Owned Properties for:
Sacramento
County
Placer
County
El
Dorado County
Yolo
County
Whether you are an investor looking for residential investment property, or an individual looking to buy a residence for yourself, a bank owned property represents an opportunity for you to acquire a residence at a savings. There are several considerations to take in to account when you are evaluating bank owned properties:
Property Condition: The condition of these properties vary widely. In many cases the properties will require repairs and renovation in order to be habitable. Some properties will actually be close to "move-in" condition! However, you should be prepared to have some work be performed on the property after you acquire it.
Seller Concessions: Every bank and lending institution is different. In some cases they are willing pay for repairs and your closing costs. In other cases they want to sell the property in an "as-is" condition, which makes you responsible for all problems with the property after you purchase it. For most banks and lending institutions, owning these properties is very expensive for them, and the longer they own them, the more expense they incur. As a result, they are usually very motivated to sell theses properties.
Timing: For more desirable properties, you may have considerable competition. You should be prepared to move quickly when you find the right property. It is a good idea to meet with a mortgage lender and get pre-qualified or per-approved for a loan before you make an offer on these properties! When the bank gets an offer they like, they will want to move quickly to take the property out of their asset inventory.
The properties shown on this site have been listed on the Metrolist MLS and have been specified as "REO" (bank owned) by the listing agent. This information is based upon MLS data and is updated weekly. Hotsheets are updated daily. Please see individual web pages for "as-of" dates.
View My Listings!
***Fabulous Orangevale Custom!*** 9560 South Canyon Court, Orangevale: 3 bedrooms, 3 bathrooms, $739,000
***Beautiful Serrano Village!*** 8042 Murcia Way, El Dorado Hills: 3 bedrooms, 3 bathrooms, $454,900
***SOLD!*** 94 Valley Falls Place, Folsom: 4 bedrooms, 4 bathrooms, $749,000
***SOLD!*** 15 Mountain Shadows Lane, Monterey: 3 bedrooms, 2 bathrooms, $659,000
***SOLD!*** 155 Ruby Street, Auburn: 2 bedrooms, 1 bathroom, $189,000
My Websites!
Find out what's happening in the Sacramento Real Estate Market! Visit my Market Update site to review the latest market stats and trends. Data is updated monthly in the middle of the month.
Search HOMES FOR SALE in the Sacramento Valley and the Foothills area by visiting my Valley Search page!
Learn more about Sacramento and the foothills by visiting my Valley Web Site !
Rowland Fellows
Broker
Associate, ePro
(916) 792-2368
rfellows@mybankownedproperty.com
www.myBankOwnedProperty.com
Go to:
www.rowlandfellows.com
Rowland Fellows
Broker Associate, ePro, DRE License # 01435867
NorCal Partners - The Galster Group, 112 Feather
Falls Circle, Folsom CA 95630
(916) 987-1670, (916) 792-2368 CELL, (916) 404-4197
FAX
rfellows@mybankownedproperty.com
www.myBankOwnedProperty.com
If your property is currently listed, please do not
consider this to be a solicitation.
The Galster Group and its agents are licensed by
the Department of Real Estate, State of California.
This website is not intended to be a solicitation
for the purchase, sales or lease of real property
outside the State of California. Information
contained herein has not been verified by The
Galster Group or its agents. Interested parties
should independently verify this
information.
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View the "Hidden" REOs
El Dorado
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Placer
County
Sacramento
County
Yolo
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