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Foreclosure

For some, it is a word that conveys the fear and dread of financial ruin, while for others it infers a positive economic opportunity. Regardless of the perspective, it is possibly the most misunderstood aspect of any real estate market.

Buying Foreclosures

Buying directly from the bank is preferred by many because it is a more methodical, predictable and non-emotional process than buying from the distressed seller.

Not all REOs are good deals. Many banks want market value in order to recoup as much of their losses as possible. Others are more concerned with liquidating their REO inventory as these non-performing assets have a negative impact on their books. We have relationships with  asset managers and REO officers, so knowing which lenders are motivated sellers and which properties represent a bargain is where we come in.

If you’re an investor or buyer looking for lender owned value-priced properties, fill out the contact form on the right or give us a call at 858-205-9131.

Facing Foreclosure

If you are an owner of California real estate that would like to know what options you may have in avoiding foreclosure or walking away from the mortgage, fill out the contact form on the right or contact us at 858-382-5820 to schedule a confidential consultation.

The foreclosure process begins when the lender files a Notice of Default, or NOD, with the County Recorder once a borrower defaults on their loan.  The process ends when:

Within the grace period determined by state law (pre-foreclosure), the borrower pays the default amount and reinstates the loan, or

The property is sold during the pre-foreclosure time period, allowing the borrower to pay off the loan. A situation where the loan is greater than the sale amount, but the lender agrees to a loan pay off that is less than what is owed is referred to as a short sale, or short pay. Or,

At the end of the pre-foreclosure period, a trustee sale occurs and the property is sold at a public auction to a third party, or

The lender takes ownership of the property through an agreement with the borrower during the pre-foreclosure time period, or buys the property at the trustee sale. The bank-owned property is referred to as real estate owned, or REO.

Newest San Diego Foreclosures

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$209,000

656 Ballard St Unit #10, El Cajon

2 bedroom, 2 bath single level unit with small patio area Features include granite counters in the kitchen and baths. Community features pool and BBQ area. Located clos...

  • Beds2
  • Baths2.0
  • MLS150035720
  • Bldg.Courtyard At Ballard

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$254,900

120 Palmyra Drive, Vista

Beautiful town home in the heart of Vista! Many recent updates including a complete new kitchen, paint & carpet. This 2 bedroom/1.5 bathroom home is 100% move-in ready!...

  • Beds2
  • Baths2.0
  • MLS150035598
  • Bldg.Pine View

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$499,500

13454 Hilldale Rd, Valley Center

Well maintained and upgraded home on elevated 2.6 acre flag shaped lot! Infinity edge pool has incredible views and backyard has multiple level areas perfect for entertai...

  • Beds3
  • Baths2.0
  • MLS150035445

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$419,900

821 Leppert St., Encanto

Room to Move! Morningside Hills home with views! Formal entry * Living room with volume ceiling + fplc * Formal dining * Modern kitchen w/refurbished cabinets, granite, n...

  • Beds3
  • Baths3.0
  • MLS150034883

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$287,900

138 De La Rondo, Oceanside

New to The Market: Move in Ready with Brand New Kitchen! This lovely twin home offers a large Living room, Dining Area, Kitchen, two good sized bedrooms, one full bath an...

  • Beds2
  • Baths1.0
  • MLS150034839
  • Bldg.Mission Hermosa

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$450,000

2011 Via Alexandra, Escondido

Great single story family home with nice open floor plan. Wood laminate flooring, granite kitchen and master bath, fireplace in the family room and 3 car garage! RV par...

  • Beds3
  • Baths2.0
  • MLS150034823

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$329,900

537 Stork, Encanto

Great bank owned listing in the heart of Encanto priced to sell and located close to everything. Very well maintained home that features a large open layout, 3 bedrooms a...

  • Beds3
  • Baths3.0
  • MLS150034567

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$159,900

29928 Mallard Drive, Campo

Charming country fixer-upper with many original features and some updating including addition of family room and bath built without permits, living room with fireplace, t...

  • Beds4
  • Baths2.0
  • MLS140058754

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$280,000

4204 Los Padres, Fallbrook

Great opportunity right on the tee box at Pala Mesa! Golf course and mountain views create a serene and peaceful setting from your kitchen, living room and backyard. Gre...

  • Beds2
  • Baths2.0
  • MLS150034387
  • Bldg.Fairway Villas

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$638,900

2907 Calle Calleta Viajas Rd, Alpine

This 4BR/2.5BA home features spectacular mountain views, large living room, large kitchen, cozy fireplace for those cool crisp nights & lots of natural light. Enjoy the p...

  • Beds4
  • Baths3.0
  • MLS150034162

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$269,900

16726 Highway 76, Pauma Valley

Gated and fenced 3 bedroom/ 2 bath home located on a 33,106 square foot lot. Located on Highway 76 and conveniently close to Pala Casino and the 15 freeway, makes this h...

  • Beds3
  • Baths2.0
  • MLS150034139
  • Bldg.None Known

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$279,900

1650 2nd Street, El Cajon

The potential is endless... bring all ideas and your creative buyers! This is a one of a kind property that is looking for that buyer to make it their own. Easy freeway a...

  • Beds3
  • Baths2.0
  • MLS150034125

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$166,700

32024 Del Cielo Oeste Unit #16, Bonsall

Welcome to your new home! This is a fantastic upper level unit with lots of light, neutral décor and forever views! Brick fireplace in the living room and large balco...

  • Beds2
  • Baths2.0
  • MLS150034093
  • Bldg.Ascot Park

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$63,900

44507 Calexico, Jacumba

2 Bedroom 2 bath 1440 sq. Ft. Plus 2 car detached garage. Rear yard fenced. Located in the desert community of jacumba.

  • Beds2
  • Baths2.0
  • MLS150033830
  • Bldg.Private Property

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$255,000

704 Nob Circle, Vista

NEW TO THE MARKET-This single story home is located in a 55+ community known as Nob Hill. This community is PUD comprised of twin homes. There is a wonderful community p...

  • Beds2
  • Baths2.0
  • MLS150033663
  • Bldg.Nob Hill

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2015 Sandicor®, Inc.

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