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Office - (530) 274-8888 #1         manager@nevadacountyrealty.com           text - (530) 277-9933

 

Foreclosures in Nevada County


REO, HUD, VA, IRS, & BANK OWNED


 

 
 

Foreclosure is the process in which a bank or other secured creditor sells or repossesses real property after the owner has failed to comply with an written agreement between the lender and borrower called the "mortgage", or the "trust deed".  Typically, there's been a default in payment of a promissory note which was secured by a lien on the property.  When the process is complete, the bank then owns the property and can sell that property for whatever price they find workable.   Also called REO, Bank Owned, or Foreclosure, a buyer has a chance of getting these properties at a great price.   Nevada County Realty provides buyer broker services for the following areas:  Grass Valley, Nevada City, Lake Wildwood, Auburn, Alta Sierra, Rough & Ready, Penn Valley, Smartsville, Browns Valley, Lake of the Pines, Foresthill, Meadow Vista, Weimar, Colfax, and all the outlying rural areas of Nevada and Placer Counties.