San Francisco, CA Foreclosures | Bank Owned SF REO Home Listings

San Francisco Bank Owned Foreclosures

Search ALL Bank Owned, Pre-Foreclosure, Upcoming Auction homes in the San Francisco. RealtyTrac is an excellent source to see ALL San Francisco homes in various stages of foreclosure. We frequently hear from our clients the question as to why only a very small percentage are currently available and listed for sale. The following explains the different stages of foreclosure and why some homes are typically not for sale – today…[More below]

See all San Francisco Bank Owned REO Forecosures.
(all data current as of 10/8/2014)

  1. 2 beds, 1.00 baths
    Home size: 792 sq ft
    Lot size: 2,500 sqft
    Year built: 1947
    Days on market: 14
    Listing provided by Anthony Navarro, Coldwell Banker Res. R.E. Svcs
  2. 2 beds, 2.00 baths
    Home size: 1,262 sq ft
    Year built: 2002
    Parking spots: 2
    Days on market: 14
    Listing provided by Jean-Paul Samaha, Vanguard Properties
  3. 2 beds, 1.00 baths
    Home size: 600 sq ft
    Lot size: 1,167 sqft
    Year built: 1908
    Days on market: 42
    Listing provided by Anh Pham, SkyGroup Realty Inc.
  4. 3 beds, 1.00 baths
    Home size: 1,275 sq ft
    Lot size: 1,873 sqft
    Year built: 1917
    Days on market: 43
    Listing provided by John P Lee, MRL Group, Inc.
  5. 3 beds, 3.50 baths
    Home size: 2,173 sq ft
    Lot size: 2,240 sqft
    Year built: 2000
    Days on market: 58
    Listing provided by Jeff Peargin, Pacific Union International

Listing information deemed reliable but not guaranteed. Read full disclaimer.

‘Pre-Foreclosure’ means the home can be one where the owner is a few months delinquent in mortgage payments or HOA dues. Many of these homes never go to foreclosure as the owner catches up with the debt owed, or arranges a loan modification.

‘Auction’ homes are typically scheduled for an auction on the County Courthouse steps in which the property is located. In order to buy at auction, a Buyer must be 100% CASH and be prepared to close escrow on the home immediately. Typically Auction homes are not available for viewings, so are often bought without an interior viewing. The other risk factor to consider is that there won’t be any disclosures or reports on these homes. You may be buying into a defective property needing extensive repairs in order to be habitable, or find out you have inherited sitting tenants with rights to stay in the property. The minimum bid that is set by the Bank can often be higher than the actual market value of a home because they have to receive a price that the investors who own the loan are happy with, and typically the loans are higher than the value of the property. It is also common for homes to be removed from the sale list on the day of the Auction for different reasons. All ‘Auction’ homes are 100% ‘As-Is’ without any warranty or recourse.

‘Bank Owned’ or ‘REO’ homes are often not available today for purchase even though the details show up on various websites. These homes have been foreclosed and the Banks have taken back possession of the home from the Seller. It can take several months for the bank to negotiate a value with their Investors who own the loan before they decide to list the home for sale on the MLS. Once listed it will immediately appear on our site SanFrancisco-Houses.com

The Homesearch on SanFrancisco-Houses.com shows ALL Bay Area homes available today. Once a home is ‘Pending’ it will be removed instantly.

We are available help answer any questions you may have regarding San Francisco Bank Owned REOs so be sure to “ASK QUESTIONS“. Looking for or need Foreclosure assistance?

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