This is one of the very rare times in history where there are bank owned homes in Marin county, coupled with low interest rate; definitely a great time for buyers to take advantage of the current buyers market, even in Marin county.
I have many clients who asked me about Bank Owned (REO – Real Estate Owned) properties in Marin county. Although Rare in comparison to other counties in California, we are seeing more bank owned properites in Marin county with the majority in Novato, then San Rafael, and trickle down to Southern Marin county.
Several of my clients have taken the opportunity and bought bank owned homes, a couple are listed on multiple listing, and one bought before the house went on multiple listing from an investor associate of whom I have built a nice working relationship with.
A sample of currently bank owned properties are listed below –
One unit in Belvedere, Tiburon Area Belvedere, Tiburon, Marin County Bank Owned – Extremely desirable area, and will normally have no foreclosured properties, but there is a very special reason for this low price/bank owned in such desirable area – ask me for details.
One unit in Corte Madera, Larkspur area – Corte Madera, Larkspur, Marin County Bank Owned
None in Greenbrae, Kentfield – Not too surprisingly that there are no bank owned home in Kentfield, Greenbrae area considering we just had 12 offers on a basically tear down house (Trustee Sale) all because of the highly desirable location for Greenbrae, Kentfield
None in Ross – Same reason as Greenbrae, Kentfield on why there is NO Bankowned in Ross
None in Mill Valley – Same thing about Mill Valley Bank Owned – None in such desirable area.
3 Bank Owned properties in San Anselmo – A little west, but still short commute to the city, full of charm and character, a town you don’t want to miss!
21 bank owned proeprties in San Rafael – fabulous time to buy in San Rafael – these bank owned properites in San Rafael are from Canal area, Terra Linda, Spinnaker Point, Santa Venetia area, Civic Center area, all the way to Gerstle Park. Homes are condos, contemporary homes, Eichler homes, newer constructions, you name it!
26 in Novato – Novato is the north most city in Marin County. These bank owned properties in Novato, Marin make Novato a ‘relatively’ affordable place to live now. Several condos have restricted usage, a couple are in flood zone, some have higher HOA fees, but most of the others are excellent buys – many are gobbled up with multiple offers – make sure you don’t wait for competition if you are interested in any of these properties.
And there is even ONE in West Marin – Muir Beach Bank Owned Homes… just waiting for you to finish it up…..
My hope for 2009 is that the homeowners who own distressed homes will be able to take advantage of the government’s bail out plans and avoid foreclosures…….
This means there will not be as many foreclosure properties as forecasted, and that’s a good thing in my book…. So, take advantage of today’s foreclosure inventories to set your foot in Marin County!
Sylvia Barry, Realtor, ePRO
Marin Realtor for Marin Luxury Real Estate
Marin, San Francisco North Bay
Frankk Howard Allen Realtors
MARIN, SONOMA, S.F. BAY AREA REAL ESTATE – Beveldere, Corte Madera, Greenbrae, Kentfield, Larkspur, Marinwood, Mill Valley, Novato, San Anselmo, San Rafael, Sausalito, Tiburon; Cotati, Penngrove, Petaluma, Rohnert Park, Santa Rosa. Starter Home to Luxury Property. REO (Bank Owned), Short Sale, View Homes, Architecural Distictive Homes. Investment, 1031 Exchange.