Receive San Diego Foreclosure Properties Daily
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 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.
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
Panoramic Views Above La Costa Out To The Beautiful Pacific Ocean / Pool / Tennis Court / Garaged Parking For Four Vehicles / This Location is Like None Other / 5 Bedroom...
3 bedroom, 2 bath single level home on Cul-De-Sac. Features include fireplace in the living room and granite counters in the kitchen. Located close to schools, shopping, ...
Bank owned 1 bedroom, 1 bath in Cantabria. Granite kitchen and bathroom. New Stove. New carpet and freshly painted. Fireplace in living room and closet washer/dryer h...
Bank Owned. Excellent opportunity for the right buyer”
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“Bank Owned. Excellent opportunity for the right buyer”
Single level on large corner lot with casita, 3 car garage and private pool. This 3 bed/4 bath home features an office, large open kitchen with granite counters, high cei...
Check out this fixer opportunity single-family home. This 1958 vintage Mountain View home is a good alternative to condominium living for that handy buyer. Easy access...
Fabulous 4 bedroom 3 bath home with 2 Masters bedrooms w/full bath. The home has granite counters in the kitchen, spacious family room with fireplace, new roof in additio...
Lovely residential condo with a nice kitchen surrounded by tile counters, lite wood laminate floors and wooden closet organizers. Open floor plan with plenty of natural ...
- Bldg.Bonita Grande
No HOA or Mello Roos! 3 car garage with a driveway just as wide. Large pool size backyard. Master Suite balcony with a view. Award winning schools in the Rancho Del O...
Bank Owned. Excellent opportunity for the right buyer
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Garden level unit in Little Italy with private, courtyard entry. Interior includes wood/laminate flooring, two bedrooms / two baths, dining room, stainless steel applian...
- Bldg.Acqua Vista
Sprawling one story,Custom Estate on a 5 acre View lot. Formal entry with Travertine floors, formal living and dining rooms, spacious Master Bedroom Suite with Fireplace;...
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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