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All data from sources deemed reliable but subject to error and omission, and not warranted.

  Foreclosure (REO)

Real Estate Owned is the term used to designate bank-owned properties.  REO’s are the result of foreclosure action in which banks and lenders have no choice but to take possession of the property. 

It’s important to note that while banks and lenders own a great number of properties,  only a small fraction are actually available for sale.  Just because a property is labeled as REO, it does not necessarily mean it’s up for sale. 

Lenders make REO properties available for sale as they see fit.  As soon as any REO hits the market,  you are able to access the listing immediately using the above links.  If you would like to track properties that are not for sale yet, contact me and my team will track them and notify you the minute they become available.  You will have an edge on the competition.

Contact me for the best strategies in acquiring REO properties.

  Short Sale

Short Sale is the term used to designate listings where the property owners are trying to avoid foreclosure.  In a short sale, the lender(s) agree to accept a sale price where the net proceeds may be less than what is owed on the property.

A short sale can occur whether a property is in pre-foreclosure or not.  Contact me for more information on acquiring short sale properties.

  BMR

Below Market Rate is the term used to designate properties in the affordable housing program.  BMR sales are under the control of the San Francisco Mayor’s Office of Housing.

More information:  http://www.sfgov.org/