This section of Tri-Valley Life is dedicated to bank owned homes in Contra Costa and Alameda Counties. You will notice that if more than 250 results are obtained it is best to adjust the search parameters in order to identify the largest number of properties in your price range and desired location. In addition, several city links are provided in the drop down menu as well.
The condition of bank owned homes varies greatly with some requiring just a bit of TLC while others are in dire need of repair. It is difficult to obtain any repairs from the bank holding the asset and timelines are tight within the inspection & financing timeframes. In addition, many buyers are under the assumption that bargains are widely available. In most cases these homes have been priced well with respect to their condition and the majority sell very close to the asking price. The inventory of Bay Area foreclosures has been decreasing and multiple offers are common. That is not to say that you cannot get a great deal on a bank owned home but you must be ready to act quickly.