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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

13142 Currant Ct, Lakeside CA 92040

$398,700

13142 Currant Ct, Lakeside

Nice 3 bedroom, 2 bath home with fantastic view. Quiet cul-de-sac location in a highly sought after neighborhood, ceramic tile flooring throughout, fireplace in the famil...

  • Beds 3
  • Baths 2.0
  • MLS 140058034

13222 Mannen, Lakeside CA 92040

$407,700

13222 Mannen, Lakeside

A must see! Nice secluded Lakeside home located on a private street with mountain views. Freestanding fireplace in living room and ceiling fans throughout the home. Back...

  • Beds 2
  • Baths 2.0
  • MLS 140058005

832 Fig, Escondido CA 92026

$319,500

832 Fig, Escondido

WOW....What a great opportunity to own a detached condominium in a gated community with Very Low HOA's....This 4 bedroom, 3 bathroom home has been updated with new carpet...

  • Beds 4
  • Baths 3.0
  • MLS 140057877
  • Bldg. Nk

4885 Cole St 4, Clairemont/Bay Park CA 92117

$219,900

4885 Cole St 4, Clairemont/Bay Park

Great park-like condo complex is located in the heart of Clairemont close to freeways, schools, bus stop, post office and shopping. Ground floor unit with no stairs . La...

  • Beds 2
  • Baths 2.0
  • MLS 140057848
  • Bldg. Cole Manor North

11358 Turtleback Lane, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates CA 92127

$655,000

11358 Turtleback Lane, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

Highly desirable High Country West four bedroom - located on a quiet street and backed to open space with beautiful northerly views; bedroom and full bathroom at first le...

  • Beds 4
  • Baths 3.0
  • MLS 140057768

210 Calle Del Sol, Vista CA 92083

$289,900

210 Calle Del Sol, Vista

Amazing opportunity to live in a great location! Walk to most everything. Home feels nearly new with fresh paint, carpet and new appliances. Very clean home. Turn-Key...

  • Beds 3
  • Baths 3.0
  • MLS 140046969
  • Bldg. Santa Fe Walk

1507 40th Unit #A, Logan Heights CA 92113

$135,000

1507 40th Unit #A, Logan Heights

Investor Opportunity! Freshly painted, new carpet and appliances! This end unit condo features three bedrooms two baths, updated kitchen and baths, neutral colors, granit...

  • Beds 3
  • Baths 2.0
  • MLS 140046280
  • Bldg. Casa Mar

2011 Trebuchet, Borrego CA 92004

$164,900

2011 Trebuchet, Borrego

Exceptional 3 bedroom 2 bath home in lovely subdivision close to downtown Borrego. Appealing floor plan with expansive use of tile flooring, large living room with firepl...

  • Beds 3
  • Baths 2.0
  • MLS 140057620

3003 Azahar St, Carlsbad CA 92009

$489,900

3003 Azahar St, Carlsbad

Don’t miss out on this well priced La Costa home on an extra large lot with fireplace and view from living room window. This 3 br 2.5 bath has lots of space both in...

  • Beds 3
  • Baths 3.0
  • MLS 140057488

2801 Paseo Del Sol, Escondido CA 92025

$899,900

2801 Paseo Del Sol, Escondido

Large custom home on an elevated lot with beautiful easterly views of San Pasqual Valley! Quiet location; Custom stone and wood flooring throughout; Huge Master Bedroom w...

  • Beds 4
  • Baths 5.0
  • MLS 140057473

1508 Circa Del Lago Unit #B302, San Marcos CA 92078

$150,000

1508 Circa Del Lago Unit #B302, San Marcos

Very nicely maintained upper level unit with vaulted ceilings at fabulous Chateau, a 55+ premier Independent Living Community in Lake San Marcos! Neutral paint and carpe...

  • Beds 2
  • Baths 2.0
  • MLS 140057448
  • Bldg. Chateau Lake San Marcos

1340 Holly Ave Unit #7, Imperial Beach CA 91932

$159,900

1340 Holly Ave Unit #7, Imperial Beach

Welcome Home! The property features new carpert and paint throughout. Enjoy living in a gated community with common BBQ area blocks from the beach. Close proximity to ...

  • Beds 1
  • Baths 1.0
  • MLS 140057363
  • Bldg. 1340 Holly Ave

4074 Nabal Drive, La Mesa CA 91941

$499,900

4074 Nabal Drive, La Mesa

BANK OWNED. Five bedroom, 2 bath home on a .69 acre lot in the Mt. Helix foothills. Fresh paint and floor coverings. Nicely updated kitchen features upgraded cabinets, ...

  • Beds 5
  • Baths 2.0
  • MLS 140057314

Santee CA 92071

$354,900

Santee

Upgraded in West Santee! Close to shopping, Westhills High School, 125 FWY, Santee Lakes, Mission Trails! Features RV and plenty of parking, dual paned windows/patio doo...

  • Beds 2
  • Baths 2.0
  • MLS 140057312

1535 Mission Meadows Dr, Oceanside CA 92057

$439,900

1535 Mission Meadows Dr, Oceanside

Single level family home with large back yard and pool/spa. 3 Bedrooms, 2 updated baths. Mature landscaping awaits you as you pull into the driveway with 3 car garage &...

  • Beds 3
  • Baths 2.0
  • MLS 140039813

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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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