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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 858-205-9131 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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$1,400,000

13112 Caminito Pointe Del Mar, Del Mar

?Beautiful Del Mar home located in the gated Pointe Del Mar community. Light & bright living room with high ceilings, fireplace and built in's. The master suite offers a ...

  • Beds3
  • Baths3.0
  • MLS160035681

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$699,900

536 Chesterfield Circle, San Marcos

Wait no more. Great floor plan on a cul-de-sac in the highly desirable Twin Oaks Valley Ranch. Enjoy the crystal blue pool and hot tub or watch the golfers tee off on the...

  • Beds4
  • Baths3.0
  • MLS160035181
  • Bldg.Twin Oaks Valley Ranch

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$524,900

7531 Herschel Unit #E, La Jolla

Move in ready La Jolla condo just minutes to La Jolla Cove and Prospect street shop & restaurants! 2 bedrooms 1 bath with fireplace in the living room. Granite counter...

  • Beds2
  • Baths1.0
  • MLS160035143
  • Bldg.Herschel

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$743,900

548 Willowspring, Encinitas

Single level 4 bedroom home in Encinitas Estates. Upgraded dual pane windows throughout. Private backyard. Close to shopping, beaches and freeway access. This home is rea...

  • Beds4
  • Baths2.0
  • MLS160035036

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$1,794,000

16444 Avenida Cuesta Del Sol, Rancho Santa Fe

6 bedroom, 6.5 bath home with main floor bedroom, study with fireplace and media/bonus room. Kitchen features granite counters, center island and stainless appliances. Ma...

  • Beds6
  • Baths7.0
  • MLS160034800

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$525,000

4984 El Mirlo Drive, Oceanside

Welcome home to this 2 story home located in the Sonoma Hills community of Oceanside. The property has a covered front patio at the entrance and a large yard in the rear....

  • Beds4
  • Baths3.0
  • MLS160034453

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$366,000

1821 Thelborn Way, Otay Mesa

“Bank Owned. Excellent opportunity for the right buyer” This Single Family home was built in 1979 offering the living area of 1,175 sqft with 3 bedroom and 2 baths, pati...

  • Beds3
  • Baths2.0
  • MLS160034386

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$210,000

5273 San Bernardo, Encanto

The subject property is in uninhabitable condition. It is located in San Diego, in Encanto, it is close to freeway, shopping centers and schools. The house needs a comple...

  • Beds3
  • Baths2.0
  • MLS160034195

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$425,000

1734 Sherbrooke, Paradise Hills

Great 2 story home located in Paradise Hills ready for your buyer to move in! Situated on a large 18,600 square foot lot this property offers a light and bright living ro...

  • Beds4
  • Baths3.0
  • MLS160034005

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$224,900

792 Mollison Ave Unit #23, El Cajon

Great buy on 2 Story unit located in family complex in El Cajon. Unit features fireplace in Living Room, yard, granite counters. Complex features gated, secured entrance,...

  • Beds2
  • Baths2.0
  • MLS160033998
  • Bldg.Villa Toscano

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$704,900

14358 Golden Sunset, Poway

Horse Property!! Located on just under 2 acres, This home boasts so much potential. From the private pool and BBQ area to the full-sized riding arena and barn, this home ...

  • Beds4
  • Baths4.0
  • MLS160033973

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$412,900

12593 Nacido Dr, Rancho Bernardo/Sabre Springs/Carmel Mt Ranch

Excellent Rancho Bernardo 55+ community. Home features great layout with 2 bedrooms plus a den, vaulted ceilings, and private gated backyard. Great location, near grocery...

  • Beds2
  • Baths2.0
  • MLS160033824

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$180,000

671 Verbena Dr, Borrego

2003 Built home close to the center of town! This 3 bedroom, 2 bath home sits on almost one acre that is partially fenced. With Saltillo tile through out, extra large r...

  • Beds3
  • Baths2.0
  • MLS160033540

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$388,900

6733 Aegean Way, Paradise Hills

Fantastic opportunity to own/invest in a beautiful San Diego neighborhood! Family friendly location close to schools, parks, and shopping. Lovely views of mountains out t...

  • Beds3
  • Baths2.0
  • MLS160033128

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$419,900

1491 Masterson Lane, Otay Mesa

Roomy 3 bed/2.5 bath home available in the Remington Hills neighborhood. Home sits on a large lot in a cul-de-sac with no immediate neighbors to your right. Loft can be u...

  • Beds3
  • Baths3.0
  • MLS160033103

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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 © 2016 Sandicor®, Inc.

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