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  Victoria Kryssova 

REALTORĀ®



6112-A Regents Road
San Diego, CA 92122

Tel: Ā (858) 414-1241

info@SanDiegoDom.com

CA DRE License 01393177

Backed by the financial and market strength of top real estate team, I can provide an effective and efficient solution to all your real estate needs.


Follow us on Twitter @SD_BankOwned
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  San Diego County Bank Owned (REO) Properties 

Alpine - 91901 - 0 Escondido (South) - 92025 - 0 Point Loma - 92106 - 0
Bay Park - 92110 - 0 Escondido (West) - 92029 - 0 Potrero - 91963 - 0
Bonita - 91902 - 0 Fallbrook - 92028 - 0 Poway - 92064 - 0
Bonsall - 92003 - 0 Guatay - 91931 - 0 Ramona - 92065 - 0
Borrego Springs - 92004 - 0 Hillcrest - 92103 - 0 Ranchita - 92066 - 0
Boulevard - 91905 - 0 Imperial Beach - 91932 - 0 Rancho Bernardo - 92127 - 0
Campo - 91906 - 0 Jacumba - 91934 - 0 Rancho Bernardo - 92128 - 0
Cardiff by the Sea - 92007 - 0 Jamul - 91935 - 0 Rancho Penasquitos - 92129 - 0
Carlsbad - 92011 - 0 Julian - 92036 - 0 Rancho San Diego - 91978 - 0
Carlsbad - 92010 - 0 La Jolla - 92037 - 0 Rancho Santa Fe - 92067 - 0
Carlsbad (North) - 92008 - 0 La Mesa (North) - 91942 - 0 Rancho Santa Fe - 92091 - 0
Carlsbad (South) - 92009 - 0 La Mesa (South) - 91941 - 0 San Carlos - 92119 - 0
Carmel Valley - 92130 - 0 Lakeside - 92040 - 0 San Diego - 92102 - 0
Chula Vista (East) - 91914 - 0 Lemon Grove - 91945 - 0 San Diego (East) - 92105 - 0
Chula Vista (Central) - 91910 - 0 Linda Vista - 92111 - 0 San Marcos - 92069 - 0
Chula Vista (Central) - 91915 - 0 Logan Heights - 92113 - 0 San Marcos - 92078 - 0
Chula Vista (East) - 91913 - 0 Mira Mesa - 92126 - 0 San Ysidro - 92173 - 0
Chula Vista (South) - 91911 - 0 Mission Valley - 92108 - 0 Santa Ysabel - 92070 - 0
Clairemont - 92117 - 0 Mount Laguna  - 91948 - 0 Santee - 92071 - 0
College - 92115 - 0 National City - 91950 - 0 Scripps Miramar - 92131 - 0
Coronado - 92118 - 0 Nestor - 92154 - 0 Serra Mesa - 92123 - 0
Decanso - 91916 - 0 Normal Heights - 92116 - 0 Solana Beach - 92075 - 0
Del Cerro - 92120 - 0 North Park - 92104 - 0 Sorrento Valley - 92121 - 0
Del Mar - 92014 - 0 Ocean Beach - 92107 - 0 Spring Valley - 91977 - 0
Downtown San Diego - 92101 - 0 Oceanside - 92058 - 0 Tecate - 91980 - 0
Dulzura - 91917 - 0 Oceanside (East) - 92056 - 0 Tierrasanta - 92124 - 0
El Cajon (East) - 92019 - 0 Oceanside (North) - 92057 - 0 University City - 92122 - 0
El Cajon (Northeast) - 92021 - 0 Oceanside (West) - 92054 - 1 University of Calif. SD - 92093 - 0
El Cajon (West) - 92020 - 0 Pacific Beach - 92109 - 0 Valley Center - 92082 - 0
Encanto - 92114 - 0 Palomar Mountain - 92060 - 0 Vista - 92083 - 0
Encinitas - 92024 - 0 Paradise Hills - 92139 - 0 Vista - 92084 - 0
Escondido (East) - 92027 - 0 Pauma Valley - 92061 - 0 Vista - 92081 - 0
Escondido (North) - 92026 - 0 Pine Valley - 91962 - 0 Warner Springs - 92086 - 0
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  What is an REO? 

What is an REO?

An REO house means real estate owned by the bank. Also called a bank foreclosure, this frequently happens once a home owner defaults on a mortgage, forcing the bank to buy the house back at a foreclosure auction.

REO is an acronym for real estate owned and is industry jargon for foreclosure property repossessed by banks or lenders.
If a lender or bank is the highest bidder a foreclosure auction — or if no third party bids at the auction — the property reverts back to the lender and becomes an REO.
REOs are owned by banks. Lenders go to great lengths to sell REOs. For banks, however, bank-owned homes are a liability.

What are the advantages of buying bank-owned properties or REO homes?

For real estate investors and homebuyers, bank-owned properties and REOs offer opportunities that are not available in the pre-foreclosure and auction phase of the foreclosure process. Buying bank-owned real estate offers the foreclosure buyer many advantages:

• Bank-owned properties are usually sold at below-market prices with great terms like low down payments and low interest rates.

• Buying bank-owned properties involves less risk and less competition.

• Foreclosures that are owned by banks are usually clear of any liens that may have been recorded against the property.

• Since the seller of REO homes is also the lender, you can negotiate with the bank to have them pay for all or some of the closing costs.

• Bank-owned properties are usually vacant because the banks have evicted the previous owner, saving the investor or homebuyer time, money and emotional toll involved in the eviction process.

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