Repossessions/Foreclosures/REO's: Nevada still has foreclosed homes.  Some brokerages specialize in working with the financial institutions that foreclose on the homes and now own them.  Some brokerages specialize in working with investors that purchase the homes.  Some brokerages specialize in working with sellers who need help with a 'short sale', selling the properties for less than their mortgage amount when the homes' value is less than the mortgage amount.

Auctions: Some Nevada real estate brokerages auction the foreclosed properties.  It usually involves an auctioneer and a brokerage firm.

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Revised: August 29, 2017 .