bank owned homes: Only 177 Active Bank Owned Listings in Reno Nevada - 12/09/11 08:35 AM
I searched our local MLS today for bank owned homes ( stick built only, no condos) and there were only 177 active in Reno. One of the hardiest hit states in the nation for foreclosures? Why on earth only 177 active listings? Why are the banks holding so many homes in their "shadow inventory"? If they would release some of this inventory it would really help our market. We have many buyers waiting for homes right now and there is just not the inventory levels needed to show them their dream home. With rates close to 4%, if we had the right inventory levels, … (0 comments)

bank owned homes: Still Ready To Close And No Tax Payment - 06/28/10 12:57 PM
For 4 days we have been ready to close on a bank owned for our buyer and we still can't get it closed !! This is a bank owned home that has a little over $2,000 in past due property taxes. Escrow says the servicer said the check was sent, the asset manager won't approve the payment on the hud because the servicer has already sent it, Can you say CRAZY !! Now we are out of contract, seller closing credit at risk, just in limbo land and we still can't close it. As agents we try to think of every creative way to get something closed and for … (1 comments)

bank owned homes: Someone Took The Microwave 1 Day Before Close... Why?? - 04/22/10 01:37 PM
 I have seen everything now, this business just keeps getting crazier everyday! We are representing a buyer on a bank owned home that is scheduled to close tomorrow. So we go today to do a final walk-through and wouldn't you know it, someone accessed the combo lock (that's the best guess now) and went in, took the microwave. A clean removal, no sign of forced entry. This is SO frustrating.......... The final hud is already signed off by the bank so the listing agent and I are on our own to figure something out. Karma will come back to people that would do … (1 comments)

bank owned homes: Where Are The Bank Owned Listings?? - 03/31/10 10:58 AM
I have been asking this question for the last few months. It's driving me crazy ! We work in the # 1 state for foreclosures, they should be on every street, buyers should have 100's of options when looking to buy, but they don't !! I searched our local MLS today and here is what I found.
* 226 Active Bank Owned, 751 Active Short Sales. This is just CRAZY. Only 226 bank owned homes. Why are the banks holding the inventory?? We all know they are and they need to stop. Buyers are ready right NOW. Please stop holding them … (1 comments)

bank owned homes: Where Are All The Bank Owned Home Listings?? - 03/10/10 07:43 AM
Selling real estate in one of the hardest hit states for foreclosures you would think we would have a ton of bank owned homes in MLS right? Wrong ! There are plenty of buyers looking for that great deal with low interest rates, the tax credit and an overall GREAT time to buy. Are the banks holding back inventory? If so, please don't ! The market will support the supply for sure. In the $175,000 and below price range we are seeing multiple bids every time a bank owned home hits the market. Now is the time to get these homes listed and sold, … (0 comments)

 
Michael & Belinda Jackson (Keller Williams Group One, Inc.)

Michael & Belinda Jackson

Reno, NV

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Keller Williams Group One, Inc.

Address: 10539 Professional Circle # 100, Reno, NV, 89521

Office: (775) 853-1994

Mobile: (775) 848-9323

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