November 13, 2018

Sonoma County, CA Bank Owned REO Listings | Sonoma Home Auctions & Foreclosures

Sonoma Foreclosed REOs Under $100,000 Sonoma Foreclosed REOs $100,000 – $150K Sonoma Foreclosed REOs $150,000 – $200K
Sonoma Foreclosed REOs $200,000 – $250K Sonoma Foreclosed REOs $250,000 – $300K Sonoma Foreclosed REOs $300,000 – $400K
Sonoma Foreclosed REOs $400,000 – $600K Sonoma Foreclosed REOs $600,000 – $1M Sonoma Foreclosed REOs Over $1,000,000

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Sonoma Bank Owned REOs Under $100,000 Sonoma Bank Owned REOs $100,000 – $150K Sonoma Bank Owned REOs $150,000 – $200K
Sonoma Bank Owned REOs $200,000 – $250K Sonoma Bank Owned REOs $250,000 – $300K Sonoma Bank Owned REOs $300,000 – $400K
Sonoma Bank Owned REOs $400,000 – $600K Sonoma Bank Owned REOs $600,000 – $1M Sonoma Bank Owned REOs Over $1,000,000

Search ALL Bank Owned, Pre-Foreclosure, Upcoming Auction homes in the Sonoma County. RealtyTrac is an excellent source to see ALL homes in various stages of foreclosure BUT 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…

‘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 Sonoma County Courthouse steps in Petaluma. In order to buy at auction, a Buyer must be 100% CASH and be prepared to close escrow on the home immediately. Typically Sonoma 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 Sonoma ‘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 Marin MLS. Once listed it will immediately appear on our site SonomaReal-Estate.com

The Homesearch on SonomaReal-Estate.com shows ALL Sonoma homes available today. Once a home is ‘Pending’ it will be removed instantly.

Our Sonoma County, CA Foreclosure Listings are updated regularly so be sure to bookmark this page or Sign Up for an account and automate and simplify the process. Our system will keep you informed of the properties that interest you and alert you when new listings become available. We are available help answer any questions you may have so besure to “ASK QUESTIONS“. Looking for or need Sonoma County Foreclosure assistance?