Well, FINALLY! For years, finding the listings for bank owned and government owned homes on the Northwest MLS (NWMLS) has been a pain. You find them by either knowing the agents who typically list them, searching for "Owner of Record" or whatever bank name in the Owner fields of the database, or more commonly... some mixture of the two. There has never been an easy way to find the properties... unitl now.
Now, they finally got smart and added a field for the listing agents to indicate that a property is bank owned. They also included short sales and other categories. These fields serve two purposes, allowing other agents to search for, or to even exclude those listings from searches. (Some buyers don't want to deal with the risks inherent in bank-owned and gov't owned homes).
So, to try it out, I did some searches for REOs in King and Snohomish counties. Worked great, and here are the results:
Snohomish County: (Keep in mind that these links will only work for 30 days)
King County (took runs, because of limits on the results returned):
I send out updates to clients, typically investors and first-time buyers, if you want to get these lists, send me an email.
Jason Hershey, Commercial Agent
Commercial Sales and Leasing
CENTURY 21 North Homes Realty, Inc.
13322 Hwy 99 South, Suite #201
Everett, WA 98204
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Jason Hershey, Designated Broker
Tellus Real Estate Solutions, LLC
PO Box 1113
Duvall, WA 98019
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