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 city of Las Vegas real estate.
(all data current as of
5/20/2012)
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$145,000 : 7512 Mardean Ct, Las Vegas3 beds, 2 full, 1 part baths
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$149,900 : 8320 Valley Stream Av, Las Vegas3 beds, 2 full, 1 part baths
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$149,900 : 6808 Woodland Vase Ct, Las Vegas3 beds, 2 full baths
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$139,900 : 5566 Merriweather Dr, Las Vegas4 beds, 2 full, 1 part baths
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$130,000 : 7466 Wagonwheel Ranch Wy, Las Vegas3 beds, 2 full baths
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$135,000 : MLS # 1252264 in Las Vegas3 beds, 1 full, 2 part baths
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$129,900 : 8648 Trafalgar Dr, Las Vegas3 beds, 2 full baths
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$134,900 : 3532 El Camino Rd, Las Vegas4 beds, 1 full, 1 part baths
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$137,700 : 4060 Oakhill Av, Las Vegas3 beds, 2 part baths
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$129,900 : 9040 Wine Cellar Av, Las Vegas4 beds, 2 full, 1 part baths
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$127,000 : 7017 Overhill Av, Las Vegas3 beds, 2 full baths
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$115,900 : 7813 Lovely Pine Pl, Las Vegas4 beds, 2 full, 1 part baths
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$150,000 : 10308 Sawmill Av, Las Vegas2 beds, 1 full, 1 part baths
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$147,900 : 8623 Tiverton Rd, Las Vegas4 beds, 2 full, 1 part baths
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$150,000 : 2601 Tumble Brook Dr, Las Vegas2 beds, 1 full, 1 part baths
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$145,000 : 1516 Iron Springs Dr, Las Vegas3 beds, 2 full baths
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$129,900 : 661 Fort Slocum Av, Las Vegas3 beds, 2 full, 1 part baths
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$140,000 : 8476 Stanton Heights Ct, Las Vegas3 beds, 2 full, 1 part baths
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$135,000 : 9813 Aspen Grove Pl, Las Vegas3 beds, 1 full, 2 part baths
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$137,000 : 7760 W Gilmore Av, Las Vegas3 beds, 2 full, 1 part baths
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$135,000 : 8014 Arcadian Ln, Las Vegas3 beds, 2 full, 1 part baths
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$139,000 : 446 Redruth Dr, Las Vegas4 beds, 2 full, 1 part baths
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$129,990 : 3671 E Cherokee Av, Las Vegas4 beds, 2 full baths
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$129,900 : 7567 Morisset Av, Las Vegas3 beds, 2 full, 1 part baths
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$139,900 : 7873 Delta Oak Ct, Las Vegas4 beds, 2 full, 1 part baths
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$139,000 : 10566 Clarion River Dr, Las Vegas3 beds, 2 full baths
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$140,000 : 9834 Mandrake Falls St, Las Vegas4 beds, 2 full, 1 part baths
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$135,000 : 7625 Charm Ct, Las Vegas4 beds, 2 full, 1 part baths
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$134,900 : 7251 Bird Cherry St, Las Vegas3 beds, 1 full, 2 part baths
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$119,500 : 5231 Barbara Wy, Las Vegas3 beds, 1 full, 2 part baths
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$120,000 : 10520 Morning Drop Av, Las Vegas2 beds, 2 full baths
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$119,900 : 2667 Holy Cross Dr, Las Vegas3 beds, 2 full baths
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$128,000 : 6683 Hathersage Av, Las Vegas4 beds, 2 full, 1 part baths
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$115,000 : 7526 Thistle Poppy St, Las Vegas3 beds, 2 full, 1 part baths
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$115,000 : 3120 Blush Noisette Av, Las Vegas4 beds, 2 full baths
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$139,500 : 5155 Grape Leaf Av, Las Vegas3 beds, 2 full, 1 part baths
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$149,500 : 9792 Pioneer Av, Las Vegas3 beds, 2 full baths
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$149,900 : 7467 Horizon Rock Av, Las Vegas3 beds, 2 full baths
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$150,000 : 804 Peach Av, Las Vegas5 beds, 2 full, 1 part baths
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$139,900 : 6949 Manistee Ct, Las Vegas4 beds, 2 full, 1 part baths
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$132,000 : MLS # 1251873 in Las Vegas3 beds, 2 full, 1 part baths
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$130,000 : 8791 Brilliant Star Dr, Las Vegas4 beds, 2 full, 1 part baths
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$128,900 : 3660 Chama Ave, Las Vegas3 beds, 1 full, 1 part baths
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$128,500 : 7293 Alsop Ct, Las Vegas3 beds, 2 full, 1 part baths
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$129,900 : MLS # 1241615 in Las Vegas4 beds, 2 full, 1 part baths
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$125,000 : 11611 Pride Hill St, Las Vegas3 beds, 2 full, 1 part baths
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$125,000 : 10166 Rice Paper St, Las Vegas4 beds, 2 full, 1 part baths
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$115,000 : 10662 Solar Hawk Av, Las Vegas3 beds, 2 full, 1 part baths
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$115,000 : 5285 N Carol Cr, Las Vegas3 beds, 1 full, 2 part baths
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$118,000 : 4898 Reiter Av, Las Vegas3 beds, 2 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
