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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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$220,000

1451 Puritan, Oceanside

You will love this home! Open spacious floorplan with bright well planned outdoor living space and attached 2 car garage. Bonus room/laundry room would make a great offic...

  • Beds2
  • Baths2.0
  • MLS160024017
  • Bldg.Pilgrim Creek Hoa

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$594,900

20690 Cinnamon Drive, Jamul

~~~MOUNTAIN TOP HOME WITH SPECTACULAR FOREVER VIEWS.~~~ Spacious, home in an ultra private location. Travertine, marble, granite, slate. Entertainers home with a pool wi...

  • Beds4
  • Baths5.0
  • MLS160023948

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$270,000

2430 Ashford Glen, Escondido

Spacious single story town home in a wonderful quiet community. Vaulted ceilings in living room & dining room, 2 bedrooms 2 bathrooms, community offers a club house, com...

  • Beds2
  • Baths2.0
  • MLS160023916
  • Bldg.Cape Concord

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$1,375,000

7709 Briza Placida, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

Great opportunity to purchase in one of San Diego’s most sought after gated communities. A true Tuscan w/ versatile floor plan including Chef’s kitchen w/ high end Therma...

  • Beds5
  • Baths6.0
  • MLS160023117

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$279,900

East San Diego

Fantastically located fixer in the best part of City Heights. This property is a cash only purchase in need of significant repairs. Just two blocks south of the burgeon...

  • Beds2
  • Baths1.0
  • MLS160023014

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$115,000

2700 Valley Parkway Unit #178, Escondido

2006 Golden West mobile home with 4 bedrooms and 2 baths, family room, living room, open kitchen, separate laundry room, new carpet, freshly painted, all vent covers and ...

  • Beds4
  • Baths2.0
  • MLS160022851
  • Bldg.Mobile West Park

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$300,000

1627 Satellite, Otay Mesa

Great single story home located in south San Diego county! Open floorplan , many windows, ample living space, good size bedroom and more! Private backyard perfect for en...

  • Beds3
  • Baths2.0
  • MLS160022572

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$545,900

17606 Azucar Way, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

This twin home build in 1986 offering living area of 1861 with 4 beds 2.5 bath, Fence, Patio, Fireplace and Attached 2 car garage

  • Beds4
  • Baths3.0
  • MLS160022448
  • Bldg.Other

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$405,000

1109 Metcalf Place, Escondido

Exterior showings only. Single level home with 3 bedrooms and attached 2 car garage. Subject to auction terms.

  • Beds3
  • Baths2.0
  • MLS160022265

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$343,440

323 Calle Juanita, San Marcos

This Single Family home build in 1978 offering living area of 1064 with 2 beds 2 bath, Fence, Patio, Fireplace and Attached 2 car garage.

  • Beds2
  • Baths2.0
  • MLS160022015

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$424,900

11732 Lakeside, Lakeside

Priced to sell! Property is located in Lakeside Farms in desirable country living. Property has 2 APN's. House and yard on one; back/side yard on other.

  • Beds6
  • Baths3.0
  • MLS160021714

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$325,000

1283 Gorge Run Way Unit #2, Chula Vista

Fabulous townhome is the Gold Rush project at Otay Ranch. Two bedrooms with 2.5 baths. Living area downstairs with bedrooms upstairs.

  • Beds2
  • Baths3.0
  • MLS160021647
  • Bldg.Gold Rush

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$695,000

4312 Rous St, University City/UTC

This Single Family home build in 1972 offering living area of 1,543 with 4 beds 2 baths, Fence, Patio, one Fire place and Attached 2 car garage.

  • Beds4
  • Baths2.0
  • MLS160020797

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$255,000

2609 Pico Place Unit #127, Pacific Beach/Mission Beach

Check out this great Fannie Mae owned condo in eastern PB. This one bedroom condo has a generous floor plan and large balcony looking north towards Mount Soledad. Uni...

  • Beds1
  • Baths1.0
  • MLS160020687
  • Bldg.Pacific Woodlands

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$525,200

30934 Curran Ct, Valley Center

Peaceful Mountain & Valley Views from this elevated Single Level located in Valley Center. 3 Bedrooms, 2.5 Baths, Office, 3 car garage & laundry room. Nicely appointed wi...

  • Beds3
  • Baths3.0
  • MLS160020596

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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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