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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

$174,800

27939 Valley Center Rd, Valley Center

Private location in Valley Center. Single story home on over a half a acre. Large shed/barn. Large rear deck.

  • Beds 2
  • Baths 1.0
  • MLS 140040960

$445,000

466 Windrose Way, Chula Vista

Beautiful Single Story in Captain's Ridge*3 Bedroom 2 Bathroom*Large Combo Living Room and Dining Area*Fresh Paint*Laminate Flooring*New Kitchen Appliances*New Vanity in ...

  • Beds 3
  • Baths 2.0
  • MLS 140040875
  • Bldg. Captains Ridge

$1,875,000

7920 Dixie, Rancho Santa Fe

Located in The Crosby featuring world class designed golf course, tennis, fitness facilities, dining and entertainment. 4 bedroom, 5.5 bath home with large bonus room. Ki...

  • Beds 4
  • Baths 6.0
  • MLS 140040830

$269,900

720 Brookstone Unit #202, Chula Vista

Fantastic single story condo in desirable Camelot community. Open and bright layout features 3 good size bedrooms,2 full bathrooms, a fireplace in the living room and mor...

  • Beds 3
  • Baths 2.0
  • MLS 140040801
  • Bldg. Camelot

4489 Bertha, Clairemont/Bay Park CA 92117

$484,900

4489 Bertha, Clairemont/Bay Park

Great opportunity for the investors or the owner occupied who has the vision to make it a great home. It is in need of lots of tender love and care! The property is cen...

  • Beds 3
  • Baths 2.0
  • MLS 140040704
  • Bldg. Clairemont Vista Unit 01

2516 Cranston Drive, Escondido CA 92025

$506,000

2516 Cranston Drive, Escondido

Quiet location with a rural feel. Large lot with tons of possibilities. Nice floor plan with lots of space to spread out. Large family room with wet bar. Over sized 2...

  • Beds 4
  • Baths 3.0
  • MLS 140040685

15935 Spring Oaks Rd Unit #52, El Cajon CA 92021

$81,000

15935 Spring Oaks Rd Unit #52, El Cajon

Very nice Lender-Owned 3BR/2BA/2-car garage. Located at upper end of park in Phase II. Pleasant back yard gazebo, storage shed. Closest home behind you is approx. 300 ...

  • Beds 3
  • Baths 2.0
  • MLS 140040647
  • Bldg. Woodcreek Estates

$159,900

Spring Valley

Great 2 story condo located in the heart of Spring Valley! Recently renovated with new kitchen cabinets, newer appliances, new paint and carpet...ready to move into!

  • Beds 2
  • Baths 2.0
  • MLS 140032719
  • Bldg. Hartland

1240 Broadway Unit #48, Escondido CA 92026

$154,900

1240 Broadway Unit #48, Escondido

2 bedrooms, 1.5 bath upper level unit in gated community. Kitchen and baths feature granite counters. Other features include detached garage, carport and storage unit. ...

  • Beds 2
  • Baths 2.0
  • MLS 140040300
  • Bldg. Villa La Paz

10244 Lone Dove Street, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates CA 92127

$825,000

10244 Lone Dove Street, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

Great Opportunity to own in 4S Ranch! Located on a Cul De Sac. Very specious home offers an open floor plan, 3 car attached car garage, upstairs laundry room and much, m...

  • Beds 4
  • Baths 3.0
  • MLS 140040231

3047 Fleming Dr., Paradise Hills CA 92139

$310,000

3047 Fleming Dr., Paradise Hills

This home has a lot of potential. It is dated and does need some TLC and updating. Much is cosmetic. Has Dual Pane windows on the front and a newer heater and two water h...

  • Beds 4
  • Baths 3.0
  • MLS 140040200

320 Maxim, Golden Hill CA 92102

$335,000

320 Maxim, Golden Hill

This home features hardwood flooring in living room. Kitchen with upgraded cabinets, stainless steal appliances, recessed lighting and slider to back yard. Updated bath...

  • Beds 3
  • Baths 2.0
  • MLS 140040093

$255,000

3202 Coral Drive, Oceanside

Spacious 2 bedroom 2 bathroom home with large, private back yard. Dining room with built-ins, large family room with wood burning fireplace and attached 1 car garage. Ver...

  • Beds 2
  • Baths 2.0
  • MLS 140031644
  • Bldg. Costa Serena

2624 Santa Barbara, Chula Vista CA 91914

$649,900

2624 Santa Barbara, Chula Vista

This beautiful home is a MUST SEE! Upgrades include NEW interior paint, NEW neutral carpet throughout, NEW stainless steel appliances including built-in microwave and do...

  • Beds 5
  • Baths 3.0
  • MLS 140039930

15804 Rainbird, Ramona CA 92065

$360,000

15804 Rainbird, Ramona

3bed/2bath Spanish style home on large 18,000+ Sq ft lot in San Diego Country Estates. 2,426 sq ft home w/formal living room w/vaulted ceilings, formal dining room, famil...

  • Beds 3
  • Baths 2.0
  • MLS 140039922

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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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