Bank Owned

Foreclosed Homes, often referred to as REO (Real Estate Owned), Bank Owned or ORE (Owned Real Estate-Government) are homes that have been taken back by the bank typically holding the 1st loan.  These homes are typically sold AS IS but on average have great potential for growth.  Demand is high for Bank Owned Homes so getting your financing in order prior to looking for homes is critical, get pre approved here.  Bank Owned Homes typically require a pre approval from a Direct Lender.  We handle Bank Owned properties in the Sacramento Region, if looking for a Bank Owned home outside of the Elk Grove area, visit our sister site at www.InvestmentHomeSource.com, for outside of California real estate that is Bank Owned we highly recommend an experienced REO agent which can be found at www.NRBA.com (National REO Brokers Association).

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