Bank Owned Homes (also known as Real Estate Owned, or REO's) are defaulted properties that have reverted to the Lender. These properties are priced near or below the current market value and can be very good buys. Some of these are new homes too.  They are generally sold "as is", as the bank does not want to put money into any needed repairs.  I'll be happy to provide you with details of any of these listings.   The following is a complete list of REO's (excluding manufactured homes) as contained in our MLS on June 30 for Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Indian Wells, Bermuda Dunes, and La Quinta.  It excludes Indio, Desert Hot Springs, Coachella and Salton Sea and other locations that have a similar number of REO's   City Subdivision   Address  Unit BR Sq Ft Year DOM $List $/Sg Ft $Fees/mo Bermuda Dunes BDCC Country 43721 Chapelton 4 4011 2005 31 799,900 199 100 Cathedral City Campanile 306 Via Napoli 4 3456 2006 11 426,550 123 50 Candlewood Villas I 32505 Candlewood 11 1 772 1985 11 119,900 155 250 Canyon Shores 35200 Cathedral Canyon R138 2 1699 1989 24 215,000 127 335 Cathedral City Cove 39361 Bel Air 2 1908 1967 77 239,900 126 0 Cathedral City Cove 68705 E 3 1248 1980 66 164,900 132 0 Cathedral City Cove 37312 Melrose 3 1761 1961 49 222,200 126 0 Cathedral City Cove 68561 San Jacinto 4 1736 1956 129 247,500 143 0 Cathedral City Cove 68441 Sharpless 3 1392 1962 17 199,900 144 0 Cathedral Springs 31200 Landau 2208 3 1200 1987 5 149,000 124 267 Cathedral Villas 32200 Cathedral Canyon 39 2 887 1985 75 112,000 126 250 Century Park 30737 Bloomsbury 3 1149 1989 32 189,900 165 0 Century Park 69833 Fatima 4 1570 1995 130 189,900 121 0 Century Park 30588 Hampton 4 1636 1988 33 294,900 180 0 Century Park 30640 San Eljay 4 1658 1998 40 234,900 142 0 Century Park 30123 Winter 3 1750 2001 4 229,900 131 0 Cimarron 31040 Calle Agate 3 1769 2004 53 349,000 197 125 Cimarron 31200 Calle Cayuga 3 2063 2004 7 319,000 155 125 Desert Princess (Con 28600 Natoma 1 851 1985 130 99,000 116 695 Dream Homes 30288 San Antonio 2 1274 1958 89 124,900 98 0 Dream Homes 31215 San Antonio 3 984 1958 11 129,900 132 0 Dream Homes 67201 San Gabriel 3 1463 1960 104 119,900 82 0 Dream Homes 30501 San Luis Rey 4 1248 1959 11 119,900 96 0 Lakeview Villa 105 Lakeview 2 1152 1981 53 116,900 101 250 Montage 36238 Artisan 4 3388 2003 3 599,000 177 134 Not in a Development 68820 Arrowhead 3 1686 1978 54 179,900 107 0 Not in a Development 31670 Avenida El Pueblo 3 1327 1986 47 153,900 116 0 Not in a Development 31245 Avenida Juarez 3 1538 1992 4 292,500 190 0 Not in a Development 31758 Avenida La Paloma 3 1113 1958 62 130,000 117 0 Not in a Development 31891 Avenida La Paloma 3 1188 1977 28 139,900 118 0 Not in a Development 31616 Avenida La Paloma 3 1112 1958 13 137,750 124 0 Not in a Development 31120 Avenida Ximino 3 1604 1990 126 239,900 150 0 Not in a Development 68365 Empalmo 3 1416 1986 26 189,900 134 0 Not in a Development 34615 Judy 3 1736 1990 67 208,900 120 0 Not in a Development 32296 Monte Vista 3 1094 1985 24 119,900 110 0 Not in a Development 32600 Monte Vista 3 1050 1985 6 120,900 115 0 Not in a Development 33080 Moreno 4 1928 2004 38 269,900 140 0 Not in a Development 32582 Navajo 3 1200 1959 78 114,500 95 0 Not in a Development 67225 Ontina 3 1336 1998 77 219,450 164 0 Not in a Development 69803 Pomegranate 3 1314 1961 43 200,000 152 0 Not in a Development 32370 Sky Blue Water 2 1057 1947 283 90,000 85 0 Not in a Development 33609 Sky Blue Water 3 1320 1979 19 186,900 142 0 Not in a Development 69466 Victoria 4 1427 1982 56 173,900 122 0 Not in a Development 68365 Walker 3 1616 1985 62 132,900 82 0 Not in a Development 31470 Whispering Palms 3 1240 1980 66 129,000 104 0 Panorama 68906 30th 2 1578 1996 88 245,000 155 0 Panorama 68880 30th 4 2400 2000 33 375,900 157 0 Panorama 68772 30th 3 2185 1998 11 239,900 110 0 Panorama 68515 30th 4 1843 1988 8 254,900 138 0 Panorama 68890 30th 3 1324 1990 118 184,900 140 0 Panorama 68125 Alva 4 1544 1987 34 219,900 142 0 Panorama 30055 Avenida Alvera 3 1665 1991 63 195,000 117 0 Panorama 28650 Avenida Condesa 3 1841 1991 3 174,900 95 0 Panorama 31790 Avenida Del Padre 3 2017 2005 45 334,900 166 0 Panorama 30705 Avenida Del Yermo 3 1841 1999 14 228,000 124 0 Panorama 30925 Avenida Del Yermo 3 1378 1987 220 159,500 116 0 Panorama 31125 Avenida El Pueblo 3 1299 1980 4 132,000 102 0 Panorama 31130 Avenida Ximino 4 1703 1994 46 195,000 115 0 Panorama 29935 Avenida Ximino 3 1849 1990 6 295,000 160 0 Panorama 68245 Bella Vista 4 1839 1987 70 243,500 132 0 Panorama 68175 Bella Vista 3 1148 1984 25 124,900 109 0 Panorama 68690 Durango 3 1787 1994 7 222,500 125 0 Panorama 68100 Espada 3 1082 1986 54 205,000 189 0 Panorama 68820 Hermosillo 3 1921 1987 27 209,900 109 0 Panorama 68385 Hermosillo 3 2106 1988 27 224,900 107 0 Rich Sands Estates 31285 San Ardo 3 2692 2001 33 329,900 123 0 Rio Vista 67260 Garbino 3 1660 1989 140 234,900 142 0 Rio Vista 27715 Hombria 4 2039 2003 3 229,900 113 0 Rio Vista 67795 Paletero 4 1875 1989 57 239,000 127 0 Rio Vista 67160 Peineta 2 1155 1984 5 149,900 130 0 Rio Vista 67220 Peineta 3 1766 1986 265 225,900 128 0 Rio Vista 67330 Quijo 3 1260 1985 118 177,900 141 0 Rio Vista 67200 Rango 4 1880 1987 7 224,900 120 0 Rio Vista 67390 Tamara 3 1517 1985 34 209,900 138 0 Rio Vista 67655 Verona 3 1727 1988 123 220,900 128 0 Tapestry 69824 Fatima 4 2072 1998 62 285,000 138 0 Tapestry 30110 Inverness 2 1766 2002 3 314,900 178 0 Tapestry 69426 Saint Andrews 4 2374 2002 10 320,000 135 0 Tapestry 30608 Sterling 4 2513 2002 4 309,000 123 0 Upper Outpost 31425 Avenida Juarez 3 1665 1990 108 197,499 119 0 Upper Outpost 68560 Vega 4 1904 1984 81 190,000 100 0 Upper Outpost 68491 Walker 3 1040 1962 49 149,900 144 0 Verano 67836 Rio Largo 4 1723 2005 19 243,000 141 119 La Quinta Aliso 79309 Paseo Del Rey 3 2135 2001 69 379,900 178 95 Bella Vista 78735 Naples 3 2025 1997 39 354,900 175 0 Desert Cove 79225 Shadow 5 3047 2006 90 599,900 197 190 Desert Cove 79075 Shadow 5 2700 2006 88 468,900 174 150 Desert Pride 78795 Bayberry 3 1566 1999 27 284,900 182 0 Esplanade 43880 Bordeaux 4 2254 2003 18 434,900 193 95 La Cantera 51825 Via Roblada 3 2849 2005 4 579,900 204 0 La Cantera 80716 Via Tranquila 4 3502 2005 170 609,900 174 155 La Quinta Cove 53025 Avenida Carranza 3 1212 1978 10 214,000 177 0 La Quinta Cove 54545 Avenida Carranza 3 1434 1987 175 197,900 138 0 La Quinta Cove 52960 Avenida Carranza 3 1384 1981 112 134,900 97 0 La Quinta Cove 52050 Avenida Cortez 3 1230 1979 21 132,900 108 0 La Quinta Cove 54625 Avenida Diaz 3 1925 2005 1 309,900 161 0 La Quinta Cove 52015 Avenida Diaz 3 1617 2003 48 279,900 173 0 La Quinta Cove 52870 Avenida Herrera 3 1572 2000 82 204,400 130 0 La Quinta Cove 52910 Avenida Herrera 4 1254 1978 27 134,075 107 0 La Quinta Cove 53140 Avenida Herrera 2 1336 1976 121 132,900 99 0 La Quinta Cove 52155 Avenida Madero 3 1887 1990 83 239,900 127 0 La Quinta Cove 53480 Avenida Madero 3 1379 1988 68 189,900 138 0 La Quinta Cove 53178 Avenida Obregon 2 1415 1979 110 139,900 99 0 La Quinta Cove 54605 Avenida Ramirez 3 1456 1987 19 176,900 122 0 La Quinta Cove 53655 Avenida Rubio 3 1248 1977 27 129,900 104 0 La Quinta Cove 53490 Avenida Rubio 3 1248 1983 199 179,900 144 0 La Quinta Cove 53836 Avenida Vallejo 3 1424 1986 139 189,900 133 0 La Quinta Cove 53680 Avenida Vallejo 3 1360 1979 93 134,900 99 0 La Quinta Cove 52895 Avenida Velasco 3 1430 2000 94 204,000 143 0 LQCC Lago La Quinta 78019 Lago 3 2368 1970 319 595,000 251 500 Monticello 79886 Independence 3 1722 2001 115 285,000 166 0 Not in a Development 78530 Saguaro 3 1528 1993 76 299,900 196 0 Parc La Quinta 49040 Balada 4 2004 1989 7 278,900 139 135 Parc La Quinta 78670 Via Melodia 3 1804 1989 21 289,900 161 140 PGA Legends 57860 Black Diamond 3 2501 2004 13 635,550 254 300 PGA Legends 81040 Golf View 4 2818 1999 26 799,900 284 473 PGA Palmer Private 55297 Tanglewood 2 1410 1988 108 319,900 227 478 Quinterra 79080 Ladera 3 2072 1990 32 299,000 144 0 Rancho La Quinta CC 48015 Via Vallarta 2 2027 1996 111 486,900 240 758 Renaissance 49415 Marne 3 2485 2004 24 459,900 185 130 Santa Rosa Trail 57550 Santa Rosa 4 2659 2005 76 574,000 216 160 Trilogy 81226 Santa Rosa 2 2150 2005 179 429,000 200 268 Palm Desert Brenna at Capri 104 Tesori 4 2496 2005 146 499,900 200 67 Canyon Crest 74629 Strawflower 4 2237 1999 114 369,000 165 0 Corsican Villas 73895 Saquaro 2 1056 1976 130 259,900 246 0 Dolce 35551 Domani 4 2464 2006 3 349,900 142 91 Golden Sun Estates 77849 Chandler 2 1228 1982 14 172,500 140 115 Indian Creek Villas 72685 Raven 4 2 924 1971 108 104,500 113 220 La Placita 40525 Corte Placitas 3 2634 2005 108 499,900 190 0 Lantana 8 Calle Lantana 3 3014 2000 21 535,000 178 100 Not in a Development 43620 Buena 3 1300 1957 50 127,900 98 0 Not in a Development 43376 Cook 152 2 1005 1987 54 167,500 167 179 Not in a Development 74170 El Cortez 3 1505 1951 10 220,000 146 0 Not in a Development 74120 Parosella 4 1907 1964 25 349,900 183 0 Not in a Development 226 Paseo Vista 4 2531 2005 84 429,900 170 0 Not in a Development 44310 San Jose 3 1407 1960 61 219,000 156 0 Not in a Development 44691 Santa Ynez 4 2712 1962 223 599,640 221 0 Not in a Development 73720 Shadow Lake 3 2341 1989 6 489,900 209 0 Not in a Development 73525 Shadow Mountain 7 2 1120 1984 40 169,900 152 0 Palm Desert Country 42925 Connecticut 3 1750 1961 5 179,900 103 24 Palm Desert Country 43145 Illinois 3 1330 1962 11 184,900 139 0 Palm Desert Country 77290 Indiana 3 1128 1962 24 169,900 151 20 Palm Desert Country 43755 Virginia 3 1374 1973 89 250,000 182 0 Paseo Vista 637 Vista Bonita 4 2531 2005 101 409,900 162 75 Pele Place 74123 Pele 4 2349 2007 152 675,000 287 104 Portola Del Sol 74143 Catalina 3 1344 1978 70 189,900 141 245 Regency Palms 39970 Regency 2 2081 1988 34 300,105 144 160 Sonata 2 40670 Posada 3 1847 1990 6 309,900 168 0 Villa Portofino 203 Piazza Di Sotto 2 1965 2005 307 519,900 265 770 Palm Springs Andreas Hills 3708 Bogert 2 2662 1979 12 459,900 173 450 Andreas Hills 275 Bogert 3 2500 2005 96 697,900 279 375 Camino Del Sol 200 Racquet Club 69 2 1211 1986 40 194,500 161 225 Canyon C.C. Estados 2255 Calle Palo Fierro 82 2 1170 1977 31 144,500 124 395 Canyon C.C. Estados 2160 Palm Canyon 7 1 750 1977 27 99,900 133 395 Chino Canyon 2431 Palermo 3 2623 1956 185 599,900 229 0 Demuth Park 4063 Calle San Antonio 3 1467 1946 97 149,900 102 0 Demuth Park 3960 Calle San Antonio 3 1074 1946 119 169,900 158 0 Demuth Park 4193 Calle San Raphael 4 1003 1959 103 157,500 157 0 Demuth Park 3861 Camino San Miguel 3 1400 1948 5 215,000 154 0 Demuth Park 3735 Camino San Simeon 3 1592 1962 98 149,900 94 0 Demuth Park 3532 Mesquite 4 1454 1977 85 192,900 133 0 Demuth Park 956 Paseo Caroleta 3 1118 1955 4 85,000 76 0 Desert Park Estates 1766 Joyce 3 1584 1972 19 267,800 169 0 Desert Park Estates 2330 San Antonio 3 2220 1959 70 297,375 134 0 Desert Park Estates 2025 San Clemente 3 1466 1981 13 195,225 133 0 Desert Park Estates 2295 San Clemente 3 1638 1988 136 229,900 140 0 Desert Park Estates 2833 Valencia 2 1575 1958 84 229,000 145 0 Desert Park Estates 3084 Via Escuela 3 1512 1977 11 269,900 179 0 Desert Park Estates 2900 Vista Chino 3 1584 1972 154 219,900 139 0 Garden Villas West 1844 Barona 2 1531 1964 361 329,000 215 390 Gateway Highlands 330 Bon Air 4 1833 2005 77 209,900 115 0 Gateway Highlands 461 Palm Vista 4 1284 1996 234 325,000 253 0 Gateway Highlands 481 Sunview 4 1318 1991 27 79,900 61 0 Indian Canyon Villas 2298 Indian Canyon F 3 1344 1971 62 135,900 101 240 Mountain Gate 868 Mira Grande 3 2410 2004 145 364,900 151 75 Mountain Gate 821 Summit 4 3015 2004 62 465,000 154 74 Mountain Gate 4156 Vista Dunes 3 1630 2005 74 269,900 166 79 Not in a Development 5 Karlisa 3 2252 1957 17 279,900 124 0 Not in a Development 580 Laurel 4 2110 1959 41 354,900 168 0 Not in a Development 398 Palm Vista 3 1400 1960 20 145,500 104 0 Not in a Development 2124 Paseo Gracia 2 1630 1956 154 391,900 240 0 Not in a Development 15775 Snowview 3 1643 2005 13 199,900 122 0 Ocotillo Lodge 1111 Palm Canyon 216 1 550 1956 299 146,500 266 361 Palm Canyon Villas 5225 Waverly 66 1 887 1979 24 134,900 152 325 Palm Sp Villas I 2825 Los Felices 102 1 589 1981 18 94,900 161 280 Palm Sp Villas I 550 Villa 104 1 589 1981 26 87,900 149 300 Park Imperial North 760 Vista Chino 3 1236 1961 87