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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

11877 Ramsdell, Scripps Ranch CA 92131

$584,900

11877 Ramsdell, Scripps Ranch

This charming twinhome is ready to become home for you! In a great area of Scripps Ranch this home offers three spacious bedrooms, two and a half baths, separate tub and ...

  • Beds 3
  • Baths 3.0
  • MLS 140042184
  • Bldg. Windchime

512 Palmbark, Vista CA 92083

$369,000

512 Palmbark, Vista

Larger one-story home on an oversized view lot! Large front and back yards with plenty of parking and potential RV parking. The back yard has space for a pool and other ...

  • Beds 4
  • Baths 2.0
  • MLS 140042088

$133,665

3029 Broadway Unit #21, Golden Hill

Top floor unit close to Balboa Park and a short distance from downtown! Complex is gated and there is one assigned parking space! Buyer and buyer's agent to verify all be...

  • Beds 1
  • Baths 1.0
  • MLS 140029334
  • Bldg. Lincoln Villa

1727 Gamma, National City CA 91950

$255,000

1727 Gamma, National City

Cute single family home on a great street! This 2 bed 1 bath home is ready for creative touches and possible expansion. Nice 8100sf lot with lots of mature fruit trees,...

  • Beds 2
  • Baths 1.0
  • MLS 140042069

2266 Grand Ave Unit #15, Pacific Beach/Mission Beach CA 92109

$264,900

2266 Grand Ave Unit #15, Pacific Beach/Mission Beach

Convenient location in Pacific Beach walking distance to all including Mission Bay, the beach, a large shopping center with Vons and soon to be Trader Joes just 3 blocks...

  • Beds 1
  • Baths 1.0
  • MLS 140041984
  • Bldg. Regency Condos

443 Rosemont St, La Jolla CA 92037

$472,900

443 Rosemont St, La Jolla

2 bedroom, 2 bath condo near beach. Just completed a freshly painted interior, new carpet in one bedroom and misc. repairs. Kitchen features granite counters and new stai...

  • Beds 2
  • Baths 2.0
  • MLS 140041869
  • Bldg. Rosemont Hoa

8921 Corte Pellejo, Chula Vista CA 91911

$389,800

8921 Corte Pellejo, Chula Vista

Truly a must buy...This beautiful home located on a cul-de-sac is ready for you with a balcony off the master, master walk in closet with extra storage, balcony and an am...

  • Beds 3
  • Baths 3.0
  • MLS 140041817

4540 60th St Unit #308, Talmadge/San Diego Central CA 92115

$209,900

4540 60th St Unit #308, Talmadge/San Diego Central

Updated 2 bed, 2 bath condo in the college area! Granite counters, stainless steel appliances, w/d hookups in unit, wood laminate & tile floors. Great unit with a privat...

  • Beds 2
  • Baths 2.0
  • MLS 140041751
  • Bldg. 60th St

187 H Street, Chula Vista CA 91910

$378,000

187 H Street, Chula Vista

~~~TURN KEY BANK-OWNED PROPERTY IN THE HEART OF OLD CHULA VISTA~~~ This home has been fully upgraded and is a true doll-house. Oversized lot for plenty of off street and...

  • Beds 3
  • Baths 2.0
  • MLS 140041701

847 Hutchison, Vista CA 92084

$575,000

847 Hutchison, Vista

Remodeled single level 3 bdrm, 1.75 bath main house w/pool & detached guest house that has 1 bdrm, 1 full bath, living room, kitchen & deck. Main house has living room w/...

  • Beds 4
  • Baths 3.0
  • MLS 140041673

1125 Emerald Unit #3, El Cajon CA 92020

$163,000

1125 Emerald Unit #3, El Cajon

Attractive townhouse unit in a great complex. Easy access to pool and parking. Private patio with access to parking area. Call for appointment to show, this unit will not...

  • Beds 2
  • Baths 2.0
  • MLS 140041599
  • Bldg. Emerald Villas

3583 Durham Cir, Oceanside CA 92056

$470,000

3583 Durham Cir, Oceanside

Well maintained, updated kitchen counters with granite, new paint and carpet thru-out, enclosed patio off master, and a covered patio. Culdesac location.

  • Beds 4
  • Baths 2.0
  • MLS 140041244

7948 Mission Center Ct #K Unit #K, Mission Valley CA 92108

$158,000

7948 Mission Center Ct #K Unit #K, Mission Valley

Great, affordable Studio Condo in the heart of mission Valley. Walk to shopping and trolley. Nice complex with secure parking and well kept common area ammenities.

  • Beds
  • Baths 1.0
  • MLS 140041104
  • Bldg. Park Villas North

$267,000

8550 Westmore Road Unit #261, Mira Mesa

First floor entry condo with two master suites and each with ample closet space. Light and bright...with new carpet, fresh paint, new appliances, laminate flooring in th...

  • Beds 2
  • Baths 2.0
  • MLS 140034510
  • Bldg. Heritage @ Concord Square Iii

$163,900

2083 Jewel Valley Road, Boulevard

Terrific Value! Well kept 3 Bedroom, 2 Bath home. The 11x19 Living Room has a Wood Stove. There is a 10x16 Dining area, 14x19 Family Room and a fully appointed kitchen. T...

  • Beds 3
  • Baths 2.0
  • MLS 140010459

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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 © 2014 Sandicor®, Inc.

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