REO vs Foreclosure

A foreclosure is a property that is being sold at an auction. This is a trustees deed sold at the “court house” steps. The words Court House are in quotes because many times the sales do not take place at the actual court house. For example, in Las Vegas the foreclosure sales take place in a parking lot downtown.

When buying at auction a buyer must use certified funds and pay cash. When using an auction house to purchase a property the commission owed to the auction house can be upwards of 4-5% of the purchase price. It is highly recommended not to go to auction as a rookie. Most of the buyers at auction are regulars and will “bid up” or “tax” a property when a novice is attempting to bid. If you would like information about auction sales in Las Vegas, please contact Rice Real Estate directly. We can recommend a few great auction houses in Las Vegas.

An REO is a property that the bank did not sell at auction (many times by choice) which is made available to buyers thru the local MLS. The major difference between REO’s and foreclosures are that REO’s allow a buyer to get a loan for a property.  When purchasing at auction a buyer must pay cash. Also, when a buyer uses a local real estate agent to purchase a property via the MLS no commission is paid (typically 4-5% is paid at auction).  REO’s can offer a significant savings vs. regular sales and tend to close below fair market value. Short Sales can also present good deals and should be considered when evaluating the ROI of an investment property.

Review Las Vegas REO’s, short sales and foreclosure properties below:

Showing properties 1 - 50 of 500+. See more Real estate in the city of Las Vegas.
(all data current as of 5/21/2013)

  1. 3 beds, 2 full, 1 part baths
    Home size: 1,644 sq ft
    Lot size: 4,791 sqft
    Year built: 1993
    Parking spots: 2
    Days on market: 1
    Walk Score®: 69
    Broker reciprocity icon
  2. 3 beds, 2 full, 1 part baths
    Home size: 1,502 sq ft
    Lot size: 1,742 sqft
    Year built: 2004
    Parking spots: 2
    Days on market: 2
    Walk Score®: 55
    Broker reciprocity icon
  3. 3 beds, 2 full baths
    Home size: 1,288 sq ft
    Lot size: 6,534 sqft
    Year built: 1974
    Parking spots: 2
    Days on market: 2
    Walk Score®: 49
    Broker reciprocity icon
  4. 3 beds, 2 full, 1 part baths
    Home size: 1,725 sq ft
    Lot size: 3,920 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 2
    Walk Score®: 23
    Broker reciprocity icon
  5. 4 beds, 1 full, 1 part baths
    Home size: 1,476 sq ft
    Lot size: 7,405 sqft
    Year built: 1975
    Parking spots: 2
    Days on market: 2
    Walk Score®: 48
    Broker reciprocity icon
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,641 sq ft
    Lot size: 4,356 sqft
    Year built: 1989
    Parking spots: 2
    Days on market: 2
    Walk Score®: 40
    Broker reciprocity icon
  7. 3 beds, 2 full, 1 part baths
    Home size: 1,715 sq ft
    Lot size: 3,049 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 2
    Walk Score®: 14
    Broker reciprocity icon
  8. 4 beds, 3 full, 1 part baths
    Home size: 2,882 sq ft
    Lot size: 7,840 sqft
    Year built: 2001
    Parking spots: 3
    Days on market: 3
    Walk Score®: 15
    Broker reciprocity icon
  9. 3 beds, 2 full, 1 part baths
    Home size: 1,300 sq ft
    Lot size: 3,484 sqft
    Year built: 1988
    Parking spots: 2
    Days on market: 3
    Walk Score®: 57
    Broker reciprocity icon
  10. 5 beds, 1 full, 2 part baths
    Home size: 1,274 sq ft
    Lot size: 6,098 sqft
    Year built: 1961
    Days on market: 3
    Walk Score®: 88
    Broker reciprocity icon
  11. 2 beds, 2 full, 1 part baths
    Home size: 1,896 sq ft
    Lot size: 3,484 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 4
    Walk Score®: 43
    Broker reciprocity icon
  12. 3 beds, 2 full baths
    Home size: 1,307 sq ft
    Lot size: 4,791 sqft
    Year built: 1987
    Parking spots: 2
    Days on market: 4
    Walk Score®: 38
    Broker reciprocity icon
  13. 3 beds, 2 full baths
    Home size: 1,584 sq ft
    Lot size: 6,534 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 4
    Walk Score®: 62
    Broker reciprocity icon
  14. 3 beds, 2 full baths
    Home size: 1,584 sq ft
    Lot size: 5,227 sqft
    Year built: 1984
    Parking spots: 2
    Days on market: 4
    Walk Score®: 45
    Broker reciprocity icon
  15. 2 beds, 2 full, 1 part baths
    Home size: 1,499 sq ft
    Lot size: 3,049 sqft
    Year built: 2000
    Parking spots: 2
    Days on market: 4
    Walk Score®: 60
    Broker reciprocity icon
  16. 3 beds, 2 full baths
    Home size: 975 sq ft
    Lot size: 4,791 sqft
    Year built: 2001
    Parking spots: 2
    Days on market: 4
    Walk Score®: 29
    Broker reciprocity icon
  17. 3 beds, 2 full, 1 part baths
    Home size: 1,258 sq ft
    Lot size: 3,049 sqft
    Year built: 2007
    Parking spots: 1
    Days on market: 4
    Walk Score®: 37
    Broker reciprocity icon
  18. 4 beds, 1 full, 2 part baths
    Home size: 1,601 sq ft
    Lot size: 1,742 sqft
    Year built: 2007
    Parking spots: 2
    Days on market: 4
    Walk Score®: 26
    Broker reciprocity icon
  19. 3 beds, 2 full, 1 part baths
    Home size: 1,337 sq ft
    Lot size: 2,178 sqft
    Year built: 2006
    Parking spots: 1
    Days on market: 4
    Walk Score®: 66
    Broker reciprocity icon
  20. 2 beds, 2 full baths
    Home size: 1,406 sq ft
    Lot size: 4,791 sqft
    Year built: 1999
    Parking spots: 2
    Days on market: 4
    Walk Score®: 20
    Broker reciprocity icon
  21. 3 beds, 2 full, 1 part baths
    Home size: 1,380 sq ft
    Lot size: 3,049 sqft
    Year built: 2003
    Parking spots: 2
    Days on market: 4
    Walk Score®: 54
    Broker reciprocity icon
  22. 4 beds, 3 full baths
    Home size: 1,895 sq ft
    Lot size: 7,405 sqft
    Year built: 1978
    Parking spots: 2
    Days on market: 4
    Walk Score®: 55
    Broker reciprocity icon
  23. 2 beds, 2 full, 1 part baths
    Home size: 1,246 sq ft
    Lot size: 1,742 sqft
    Year built: 2004
    Parking spots: 1
    Days on market: 4
    Walk Score®: 43
    Broker reciprocity icon
  24. 3 beds, 2 full baths
    Home size: 1,100 sq ft
    Lot size: 6,534 sqft
    Year built: 1981
    Parking spots: 1
    Days on market: 4
    Walk Score®: 45
    Broker reciprocity icon
  25. 4 beds, 2 full, 1 part baths
    Home size: 1,780 sq ft
    Lot size: 3,484 sqft
    Year built: 1994
    Parking spots: 2
    Days on market: 4
    Walk Score®: 51
    Broker reciprocity icon
  26. 3 beds, 2 full, 1 part baths
    Home size: 1,859 sq ft
    Lot size: 6,969 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 4
    Walk Score®: 11
    Broker reciprocity icon
  27. 3 beds, 2 full baths
    Home size: 1,096 sq ft
    Lot size: 5,227 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 4
    Walk Score®: 57
    Broker reciprocity icon
  28. 3 beds, 2 full baths
    Home size: 1,436 sq ft
    Lot size: 6,969 sqft
    Year built: 2001
    Parking spots: 2
    Days on market: 5
    Walk Score®: 18
    Broker reciprocity icon
  29. 2 beds, 2 full, 1 part baths
    Home size: 1,303 sq ft
    Lot size: 2,613 sqft
    Year built: 2004
    Parking spots: 1
    Days on market: 5
    Walk Score®: 37
    Broker reciprocity icon
  30. 3 beds, 3 full, 2 part baths
    Home size: 1,455 sq ft
    Lot size: 4,791 sqft
    Year built: 1996
    Parking spots: 2
    Days on market: 5
    Walk Score®: 48
    Broker reciprocity icon
  31. 3 beds, 2 full, 1 part baths
    Home size: 1,493 sq ft
    Lot size: 2,613 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 5
    Walk Score®: 15
    Broker reciprocity icon
  32. 3 beds, 1 full, 1 part baths
    Home size: 1,286 sq ft
    Lot size: 6,098 sqft
    Year built: 1962
    Parking spots: 2
    Days on market: 5
    Walk Score®: 74
    Broker reciprocity icon
  33. 3 beds, 2 full, 1 part baths
    Home size: 1,534 sq ft
    Lot size: 4,356 sqft
    Year built: 2000
    Parking spots: 2
    Days on market: 5
    Walk Score®: 51
    Broker reciprocity icon
  34. 4 beds, 2 full, 1 part baths
    Home size: 1,831 sq ft
    Lot size: 3,049 sqft
    Year built: 2006
    Parking spots: 2
    Days on market: 5
    Walk Score®: 9
    Broker reciprocity icon
  35. 3 beds, 1 full, 1 part baths
    Home size: 1,137 sq ft
    Lot size: 3,920 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 5
    Walk Score®: 48
    Broker reciprocity icon
  36. 2 beds, 1 full bath
    Home size: 1,316 sq ft
    Lot size: 6,534 sqft
    Year built: 1954
    Days on market: 5
    Walk Score®: 60
    Broker reciprocity icon
  37. 4 beds, 2 full baths
    Home size: 1,493 sq ft
    Lot size: 3,920 sqft
    Year built: 2004
    Parking spots: 2
    Days on market: 5
    Walk Score®: 51
    Broker reciprocity icon
  38. 4 beds, 2 full, 1 part baths
    Home size: 1,970 sq ft
    Lot size: 7,405 sqft
    Year built: 1967
    Parking spots: 2
    Days on market: 5
    Walk Score®: 62
    Broker reciprocity icon
  39. 3 beds, 3 full baths
    Home size: 1,599 sq ft
    Lot size: 3,049 sqft
    Year built: 2000
    Parking spots: 2
    Days on market: 6
    Walk Score®: 60
    Broker reciprocity icon
  40. 3 beds, 2 full, 1 part baths
    Home size: 1,988 sq ft
    Lot size: 6,969 sqft
    Year built: 2007
    Parking spots: 2
    Days on market: 6
    Walk Score®: 34
    Broker reciprocity icon
  41. 4 beds, 2 full baths
    Home size: 1,391 sq ft
    Lot size: 6,969 sqft
    Year built: 1984
    Parking spots: 2
    Days on market: 6
    Walk Score®: 37
    Broker reciprocity icon
  42. 3 beds, 2 full baths
    Home size: 1,175 sq ft
    Lot size: 6,098 sqft
    Year built: 2000
    Parking spots: 2
    Days on market: 6
    Walk Score®: 38
    Broker reciprocity icon
  43. 2 beds, 2 full, 1 part baths
    Home size: 1,301 sq ft
    Lot size: 2,178 sqft
    Year built: 2004
    Parking spots: 1
    Days on market: 6
    Walk Score®: 62
    Broker reciprocity icon
  44. 3 beds, 2 full baths
    Home size: 1,538 sq ft
    Lot size: 8,712 sqft
    Year built: 1977
    Parking spots: 2
    Days on market: 6
    Walk Score®: 51
    Broker reciprocity icon
  45. 2 beds, 1 full, 1 part baths
    Home size: 1,184 sq ft
    Lot size: 3,920 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 6
    Walk Score®: 43
    Broker reciprocity icon
  46. 4 beds, 2 full, 1 part baths
    Home size: 1,718 sq ft
    Lot size: 2,178 sqft
    Year built: 2006
    Parking spots: 2
    Days on market: 6
    Walk Score®: 23
    Broker reciprocity icon
  47. 4 beds, 2 full baths
    Home size: 1,415 sq ft
    Lot size: 3,920 sqft
    Year built: 2005
    Parking spots: 2
    Days on market: 6
    Walk Score®: 8
    Broker reciprocity icon
  48. 3 beds, 1 full, 1 part baths
    Home size: 1,645 sq ft
    Lot size: 6,534 sqft
    Year built: 1963
    Days on market: 6
    Walk Score®: 54
    Broker reciprocity icon
  49. 4 beds, 2 full baths
    Home size: 1,585 sq ft
    Lot size: 5,227 sqft
    Year built: 2000
    Parking spots: 2
    Days on market: 6
    Broker reciprocity icon
  50. 3 beds, 2 full, 1 part baths
    Home size: 1,343 sq ft
    Lot size: 4,356 sqft
    Year built: 2000
    Parking spots: 2
    Days on market: 6
    Walk Score®: 18
    Broker reciprocity icon

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

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The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo.

GLVAR deems information reliable but not guaranteed.

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This IDX solution is (c) Diverse Solutions 2013.