Search for Bank Owned (REO) Homes Here! 
(Learn About Fannie Mae Buyer Incentives & HomePath Financing Options!)

Bank owned homes are some of the best priced properties available today, and are much easier than Short Sales to purchase because the banks have a higher degree of motivation to work with the buyers.

Buyers need to be aware that most banks require an “As-Is” sale and take no responsibility to the condition of the property, because unlike a seller in a regular sale, they have not personally lived in the property and cannot tell you of any known defects.  Buyers should take the time to do property inspections and carefully review any available reports, such as the Preliminary Title Report and if applicable, HOA documents.

To search for bank owned homes, click on the city links below.  These links are searches through the Multiple Listing Service. 

Santa Clara County

Santa Cruz County

A New Special Offer from Fannie Mae: Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through October 31, 2011.  Visit their website for Terms & Conditions.

About Fannie Mae:
Fannie Mae is a lending instituion which also buys home loans.*  When homes go into foreclosure with Fannie Mae, buyers can search for them on the following site: www.homepath.com.  Many of their foreclosures are eligible for HomePath financing, which affords a lot of great benefits to buyers.  Find out more about HomePath Financing here!

Found a home and ready to make an offer?  We are happy to help you write a clean offer and get the best price on your new home.  First, please pre-qualify with Brian Dean, a Mortgage Consultant with FirstCal, an approved HomePath lender.  Telephone: (408) 489-0952.  Email: bdean@firstcal.net. 

*Most home owners aren't aware when their loan is sold to another bank; it doesn't change your mortgage amount or fees and usually you continue to make payments the way you always did.*  If you are curious to know if your home loan is owned by Fannie Mae, visit www.fanniemae.com/loanlookup