Banked Owned Properties

Tahoe Bank Owned or Tahoe REO Properties For Sale : Sometimes Mistakenly called Foreclosures are actually properties that have already been foreclosed on.

The bank now owns the property and the mortgage loan no longer exists. The bank will handle the eviction, if necessary, and may do some repairs. They will negotiate with the IRS for removal of tax liens and pay off any homeowner’s association dues. As a purchaser of an REO property, the buyer will receive a title insurance policy and the opportunity to investigate the property.

A bank owned property might not be a great bargain. Do your homework before making an offer. Make sure that the price you pay (if you’re successful) is comparable to other homes in the neighborhood. Consider the costs of renovation, including time to complete them. Don’t get caught up in a ‘bidding war’ and pay over market value. It’s an old myth that “foreclosures” are a bargain.

Recently Listed Bank Owned Properties Homes For Sale

11291 Northwoods Boulevard - Truckee CA, 96161

Beds: 2 Baths: 1.0 Sq Ft: 922

Great Bank Owned Tahoe Donner 2 bedroom Condo ground floor unit with an attached 1 car garage. New carpet and paint throughout. Details

$154,900

10081 Lola Montez Lane - Soda Springs CA, 94728

Beds: 2 Baths: 1.5 Sq Ft: 900

Outstanding location just a short distance to town and to ski areas at Donner Summit in the Lake Tahoe area. This is your canvass to create the mountain... Details

$160,000

257 Park Lane - Kings Beach CA, 96143

Beds: 4 Baths: 2.0 Sq Ft: 1608

Good Lakeviews from most rooms in this remodeled home with granite counters, open beam ceiling, wood floors ,spaciuos kitchen , new carpet and paint throughout... Details

$439,900

8538 Steelhead Avenue - Kings Beach CA, 96143

Beds: 0 Baths: 1.0 Sq Ft: 0

Close to shopping, lake and restaurants. Studio cabin on flat level parcel for easy access. This is a Fannie Mae Homepath Property. Purchase this property... Details

$116,900

400 Squaw Creek Road - Olympic Valley CA, 96146

Beds: 1 Baths: 1.0 Sq Ft: 559

Welcome to the Resort at Squaw Creek in Squaw Valley USA. This desirable 1bd/1ba forest view unit on the East side of the Resort features easy access to... Details

$214,320

16933 Northwoods Boulevard - Truckee CA, 96161

Beds: 3 Baths: 2.0 Sq Ft: 1830

Now a bank owned property that was owned and loved by the Original Owner for 30 years! Set back from the road on a level lot, there are decks on the front... Details

$279,900

230 Whistle Punk - Truckee CA, 96161

Beds: 4 Baths: 4.0 Sq Ft: 4680

Gorgeous custom home at Northstar with sweeping views of the mountains, meadow and golf course. This expansive home features a large living room, gourmet... Details

$915,000

8470 River Road - Olympic Valley CA, 96145

Beds: 2 Baths: 2.5 Sq Ft: 1917

Over the river and through the woods is what you will be singing when you drive home to this beautiful private location across bridge 11. Gorgeous prowfront... Details

$449,900

3101 Lake Forest Road - Tahoe City CA, 96145

Beds: 4 Baths: 2.0 Sq Ft: 1408

Tahoe City living at Lake Forest Glen HOA. Nice association located near the lake and meadow. Many HOA amenities including tennis courts and pool. 2 level... Details

$289,900

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