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Las Vegas Foreclosures - How Buy

Even though the banks are not releasing the large number of foreclosed homes as they were previously. They are still out there to get. It is absolutely still a fabulous market for investors to get great deals!

You want to make sure before you pour your money into repairs that the home will be worth it in the end. Understanding the foreclosure process which includes the risks involved are imperative to close the deal. We are seasoned professionals knowledgable in all aspects of buying and selling Las Vegas, Henderson, and Boulder City foreclosed homes. If you have any questions please don't hesitate to ask us.

A short sale is actually opposite of what it sounds like. The process that it takes to get an approval from the bank can take on an average of 6 months or more.

Las Vegas Area Foreclosure ListingsYou can also purchase a foreclosure through an auction. You are usually bidding against experienced investors and the properties can only be purchased with cash, no financing. The investors can hire many real estate experts to search for these homes at auction. Even though these can be great deals, some of the properties will need to be refurbished which can also take more cash to complete.

You will hear the term REO which stands for "real estate owned." These are properties in which the bank took posession of the property to sell traditionally when the auction was unsuccessful. These homes are discounted between 10-20% less than market value. Some REO homes will be in very good condition and some will need an extreme amount of repairs and updates. It is always a good idea to bring a licensed contractor or inspector along to estimate the cost of repairs or replacement will be needed to make a decision on proceeding with an offer.

To purchase a great foreclosure property is to be educated, thorough and patient with the process. The most important aspect to finding a foreclosure property is working with a real estate agent highly skilled in negotiation and understanding the buyers expectations!

For more information on foreclosed properties in the Las Vegas and Henderson area please call us at 702-845-8540.

Latest Las Vegas Foreclosure Listings

5457 Olivebrook Court, Las Vegas image
5457 Olivebrook Court, Las Vegas $565,000

This home features upgrades only found in million-dollar properties. Custom features will charm you from the stone walkway leading up to the massive double doors, floor-t...

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  • 2 Beds
  • 2 Baths
  • 2410798 MLS
  • 1,839 SqFt.
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2260 Island City Drive, Henderson image
2260 Island City Drive, Henderson $630,000

Gorgeous Columbia Floorplan on Corner Lot in the premier 55+ age restricted community of Sun City Anthem! Island Kitchen w/ Granite Counters, Nook, Butler's Pantry, W/I P...

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  • 2 Beds
  • 2 Baths
  • 2410190 MLS
  • 2,401 SqFt.
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2260 Dalton Ridge Court, North Las Vegas image
2260 Dalton Ridge Court, North Las Vegas $519,900

Nice 2 story single family home with 4 bedrooms and 2.5 baths located in North Las Vegas, near shopping areas, restaurants, local parks, and walking trails. Inviting floo...

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  • 4 Beds
  • 3 Baths
  • 2407111 MLS
  • 2,791 SqFt.
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3513 Hazelnut Pine Place Unit 3, North Las Vegas image
3513 Hazelnut Pine Place Unit 3, North Las Vegas $339,900

Don't Miss this Great Value two story townhome w/2-car garage in a perfect location in gated award winning Aliante w/sparkling pool & parks!Popular open floor plan w/mode...

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  • 3 Beds
  • 3 Baths
  • 2409865 MLS
  • 1,588 SqFt.
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729 Descartes Avenue, Henderson image
729 Descartes Avenue, Henderson $620,000

Guard Gated Palm Hills! Beautiful 2 story, 3 bedrooms, a loft, and 2.5 baths. Gorgeous Plantation Shutters throughout the whole house. Modern accent wall with fireplace. ...

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  • 3 Beds
  • 3 Baths
  • 2408484 MLS
  • 2,797 SqFt.
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The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Las Vegas REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo.
LVR MLS deems information reliable but not guaranteed.
Copyright 2022 of the Las Vegas REALTORS® MLS. All rights reserved.

The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Henderson, NV 89052

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