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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

6155 Lilac Rd, Bonsall CA 92003

$630,000

6155 Lilac Rd, Bonsall

Updated thru-out, granite counters and laminate wood floors, NEW carpet and paint, immaculate thru-out. Large lot.

  • Beds 4
  • Baths 4.0
  • MLS 140056840

2957 Canyon Ave, Mission Valley CA 92123

$500,000

2957 Canyon Ave, Mission Valley

3 bedroom, 2.5 bath home in Stratford Place. Kitchen features dark cabinetry and stainless appliances. Master bath features dual sinks, garden tub and separate shower. O...

  • Beds 3
  • Baths 3.0
  • MLS 140056830
  • Bldg. Stratford Place

1425 2nd Unit #345, Chula Vista CA 91911

$23,000

1425 2nd Unit #345, Chula Vista

CAL-VET REPO. Sold as is. Sealed offers until November 5, 2014. Offers subject to seller acceptance. All offers considered. 55+community. Double wide with lots of potenti...

  • Beds 2
  • Baths 2.0
  • MLS 140056796
  • Bldg. Palace Garden

31604 Wrightwood, Bonsall CA 92003

$599,000

31604 Wrightwood, Bonsall

REO - Bank Owned - Priced Below Market. Built 2001, aprox 3,000 sf. private, views, acreage, great for contractor or equestrian, room to add garages, stables, winery grov...

  • Beds 4
  • Baths 3.0
  • MLS 140056795

7381 Minerva Dr, Encanto CA 92114

$299,900

7381 Minerva Dr, Encanto

3 bedroom, 2 bath single level home with hardwood floors in most rooms. Features include new water heater, new garage door and opener. There is an enclosed patio/sunroom....

  • Beds 3
  • Baths 2.0
  • MLS 140056735

1764 Country Squire, Vista CA 92081

$459,900

1764 Country Squire, Vista

Cozy two-story home on a single loaded cul-de-sac street with no neighbors behind. Light and bright with plenty of natural lighting. Newly painted and brand new carpets. ...

  • Beds 3
  • Baths 3.0
  • MLS 140048010

25723 Caryn Court, Ramona CA 92065

$367,600

25723 Caryn Court, Ramona

THIS PROPERTY IS NOW UNDER AUCTION TERMS. Nice country home with large viewing deck off the family room offering beautiful views of the surrounding hills/mountains. Kitch...

  • Beds 3
  • Baths 3.0
  • MLS 130064068

4078 Loma Alta, Talmadge/San Diego Central CA 92115

$333,900

4078 Loma Alta, Talmadge/San Diego Central

Great starter 4bed/2bath home w/family room on a quiet street. This charming bungalow home has a nice large living room w/laminate floors, kitchen opens into the family r...

  • Beds 4
  • Baths 2.0
  • MLS 140056565

2151 Cherry Blossom Unit #201, Chula Vista CA 91915

$349,900

2151 Cherry Blossom Unit #201, Chula Vista

Prime location! End unit located in a beautiful complex with lush landscpaing near Otay Ranch mall. This home is move in ready ...updated with custom baseboards, new floo...

  • Beds 3
  • Baths 4.0
  • MLS 140056334
  • Bldg. Agave

10226 Kerrigan St, Santee CA 92071

$329,900

10226 Kerrigan St, Santee

Lovely Townhome in Santee with traditional layout, Living area, kitchen and laundry downstairs, with bedrooms and bathrooms upstairs. Unit has new carpet, paint and appli...

  • Beds 3
  • Baths 3.0
  • MLS 140056329
  • Bldg. Riderwood Village

1819 Periquito Ct, Vista CA 92081

$399,900

1819 Periquito Ct, Vista

Great opportunity on this detached home in The Legends at Vista Del Largo. Ideal location on small cul-de-sac. Ceramic tile floors on entire downstairs, wood laminate on ...

  • Beds 2
  • Baths 3.0
  • MLS 140056242
  • Bldg. The Legends

615 Downer, El Cajon CA 92020

$368,700

615 Downer, El Cajon

3bed/2bath home just off Chase with 2 car garage. Two fireplaces, dining room and family room open to each other but can be used as separate areas. Large front porch, pr...

  • Beds 3
  • Baths 2.0
  • MLS 140056201

3226 Salton Vista, Julian CA 92036

$144,000

3226 Salton Vista, Julian

Great opportunity for a weekend getaway near Historic Julian! This cozy 2/1 home nestled in the pines offers a wide array of options from vacation rental to year round re...

  • Beds 2
  • Baths 1.0
  • MLS 140056126

15353 Maturin Unit #120, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates CA 92127

$247,900

15353 Maturin Unit #120, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

Back On Market! Largest One Bedroom Floorplan! Excellent ground level end unit in Villa Taviana featuring a massive private patio, upgraded interior with brand new stainl...

  • Beds 1
  • Baths 1.0
  • MLS 140046739
  • Bldg. Villa Taviana

1807 Donahue Dr, El Cajon CA 92019

$529,900

1807 Donahue Dr, El Cajon

Large home in desirable Cottonwood! Huge master suite with 2 walk in closets and view balconies. Large living room, kitchen and dining room to entertain friends and famil...

  • Beds 4
  • Baths 3.0
  • MLS 140034232

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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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