Click on the green markers on this map search to get started looking at San Francisco East Bay Area Foreclosures. These homes are bank owned and ready to buy. Some of the real estate has special bank financing. Prices range from $40,000 bank owned foreclosures to $3,000,000 luxury bank owned estates. Investors and Fist time buyers are welcome to use our Free Foreclosure Search.

Fannie Mae says they will be offering special incentives in the way of 3% of the purchase price to pay for buyers closing cost, new appliances or home upgrades to help buyers and to help move the huge amount of homes expected to come on the market this year in 2010. This would mean anywhere from $5,000 to $20,000 in home buyer assistance. Combine that amount with the federal government $8,000 first time buyer tax credit or the $6,500 tax credit for previous home owners who are now buying another home, wow what a great time to buy a home in Walnut Creek.
Low Interest rates are also going to make this one of the best years ever to buy real estate while locking in historically low long term interest rates and low home prices. In California under proposition 13 buyers will also take advantage of locking in Lower Property Taxes. If property values go up California property taxes are limited to only a 2% tax increase per year. For example: if you buy a home for $300,000 the property tax payed to Contra Costa County Assessors Office would be $7,500 per year. The maximum increase is limited to 2% of the previous years property taxes which is a $150 increase. California and San Francisco Bay Area home buyers are in for a real treat in this up coming year 2010.