Search ALL Marin Bank Owned, Pre-Foreclosure, Upcoming Auction homes. is an excellent source to see ALL Marin homes in various stages of foreclosure BUT we frequently hear from our clients the question “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)
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See more Marin Bank Owned Foreclosure Homes For Sale | REO Realtors.
(all data current as of 5/21/2013)
$900,000 : 49 Pacheco Creek Dr, Novato5 beds, 4 full, 1 part baths
$419,900 : 20 Redwood Rd, Fairfax1 bed, 2 full baths
$370,000 : 36 Lupine Cir, Novato3 beds, 2 full, 1 part baths
$400,000 : 25 Plaza Loma Unkn, Novato3 beds, 2 full baths
$529,900 : 1465 Lincoln Ave, San Rafael1 bed, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Marin Bank Owned Foreclosures
‘Pre-Foreclosure’ means the home can be one where the owner is a few months delinquent in 1st mortgage and/or 2nd lender payments or even 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 Marin County Courthouse steps. In order to buy a Marin home at auction, a Buyer must be 100% CASH and be prepared to close escrow on the home immediately. Typically Marin 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 is often higher than the actual market value of a home because the investors who own the loan set the price, and typically the loans are higher than the value of the property. It is also VERY common for homes to be removed from sale on the day of the Auction for various reasons. All Marin ‘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 MarinReal-Estate.com
The Homesearch on MarinReal-Estate.com shows ALL Marin homes available today. Once a home is ‘Pending’ it will be removed the following day.
Our Marin 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 be sure to “ASK QUESTIONS“. Looking for or need Marin County Foreclosure assistance?
Email us today at Steve@Houses.com for more info or to view Bank Owned Marin real estate.
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