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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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$561,600

445 Silver Shadow Dr, San Marcos

4 bedroom, 2.5 bath home with 1 bed and bath on the main level in gated community. Kitchen features center island and stainless appliances. Family room features fireplace...

  • Beds4
  • Baths3.0
  • MLS170009329

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$824,900

15724 Via Montecristo, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

Gorgeous family home situated at the end of a cul-de-sac close to schools and parks. Beautiful interior features include dark wood flooring and neutral carpet throughout...

  • Beds4
  • Baths3.0
  • MLS170008987

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$3,100,000

6311 El Montevideo, Rancho Santa Fe

Perfect opportunity for the right buyer! It is a Spanish style home with great potential. There is approx 8336 sf in the main house and approx 2900 sf in the guest house ...

  • Beds4
  • Baths7.0
  • MLS170007945

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$202,800

6333 College Grove Way Unit #6102, Talmadge/San Diego Central

Located in a gated community. This 2 story 2BR 1.5B unit is perfect for an entry level buyer or a rental. Within walking distance ot College Grove shopping center and Ch...

  • Beds2
  • Baths2.0
  • MLS170007940
  • Bldg.Lake Park Villas

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$365,700

1904 F, National City

“Bank Owned. Excellent opportunity for the right buyer”

  • Beds4
  • Baths1.0
  • MLS170007722

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$124,020

7787 Margerum Ave Unit #238, Del Cerro

“Bank Owned. Excellent opportunity for the right buyer”

  • Beds1
  • Baths1.0
  • MLS170007721
  • Bldg.Mission Trails Villas

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$575,000

1041 Boulder, Oceanside

Excellent opportunity for the right buyer. This home offers just over 3000 sq ft., separate living and dining rooms plus a great room area, breakfast bar and island in...

  • Beds5
  • Baths3.0
  • MLS170007720

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$349,900

6877 Caminito Mundo Unit #46, San Carlos

1 Level Condo with Balcony Views of Mtns and a 2 Car Garage.This 2 Bedroom,2 Bathroom is Open and Bright. There is Tile,Laminate and Carpet floor coverings. Inside Laundr...

  • Beds2
  • Baths2.0
  • MLS170006950
  • Bldg.The Woodlands

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$817,900

2467 Cerro Sereno, El Cajon

Stunning views from this 3500 sq ft single story home in the Shadow Mountain neighborhood of El Cajon. The layout is spacious and open, as it is only 1 story and the mast...

  • Beds3
  • Baths3.0
  • MLS170006601

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$322,800

843 Parsley Wy, Oceanside

2 bedroom, 2 bath with bonus room/enclosed patio in senior community. Located close to schools, park, shopping and restaurants.

  • Beds2
  • Baths2.0
  • MLS170006595
  • Bldg.Oceana East I

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$275,600

17127 Bernardo Unit #205, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

“Bank Owned. Excellent opportunity for the right buyer”

  • Beds2
  • Baths1.0
  • MLS170006476
  • Bldg.Waterbridge

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$165,000

4860 Rolando Unit #50, Talmadge/San Diego Central

An amazing opportunity for a Move In Ready 1 bedroom unit. The neighborhood is top notch and benefits from it's proximity to San Diego State. Although smaller in ft2, t...

  • Beds1
  • Baths1.0
  • MLS170006323
  • Bldg.Tuscany Place

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$299,900

2125 Bear Valley Pkwy, Escondido

Great opportunity for a ranch home on a .8 lot with mountains views with a lot of potential. Property is on a flag lot off of Bear Valley Rd. This home is boarded up and ...

  • Beds4
  • Baths2.0
  • MLS170006168

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$185,100

432 Edgehill Ln Unit #13, Oceanside

1 bedroom, 1 bath downstairs unit in gated community. Features include computer nook area, granite counters in the kitchen and bath along with a small patio with storage...

  • Beds1
  • Baths1.0
  • MLS170005310
  • Bldg.Arbor Hill

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$625,000

6171 Indian View Drive, Fallbrook

Incredible Views! With breathtaking, unobstructed, panoramic views to the ocean, this 4 bedroom, 3 bath home is located on a hilltop and has nearly 3 acres of land. The...

  • Beds4
  • Baths3.0
  • MLS170005296

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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 © 2017 Sandicor®, Inc.

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