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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

$262,500

375 Callesita Mariola, Chula Vista

Must see! Corner unit 3BR located in the desirable gated San Miguel Ranch neighborhood. This unit offers a 2 car garage, spacious, bright floor plan, easy to maintain b...

  • Beds 3
  • Baths 3.0
  • MLS 130016988
  • Bldg. Alicante

11548 Manzanita, Lakeside CA 92040

$275,000

11548 Manzanita, Lakeside

HUD Home. Country style home on a park-like ACRE, nestled in the hills of Lakeside - the home is awaiting your buyer to bring it to it's full potential! Very private and ...

  • Beds 2
  • Baths 1.0
  • MLS 130026263

661 Matthew, San Marcos CA 92069

$454,900

661 Matthew, San Marcos

Fannie Mae Homepath Property!! Clean single story ranch located in a private cul de sac on 1/3 acre. Backs to greenbelt. Plenty of room for potential RV parking. Large...

  • Beds 3
  • Baths 2.0
  • MLS 130026204

1863 Corte Amarillo, Oceanside CA 92056

$432,900

1863 Corte Amarillo, Oceanside

New to the market-lovely single story home on corner lot. This home offers living room with fireplace, dining area, eat in kitchen with new stove and dishwasher, three be...

  • Beds 3
  • Baths 2.0
  • MLS 130026143

$230,000

1183 Naranca, El Cajon

Must see! Lots of potential! Single story 4BR home located in the Olive Manor neighborhood in El Cajon. This home features a fenced front yard, 1 car garage, open light &...

  • Beds 4
  • Baths 2.0
  • MLS 130012782

220 Padre Tullio, San Ysidro CA 92173

$344,900

220 Padre Tullio, San Ysidro

Must see! Won't last long! Opportunity knocks to own this attractive 3BR home located on a corner lot in the nicer Mount Carmel Heights neighborhood in San Ysidro. Thi...

  • Beds 3
  • Baths 2.0
  • MLS 130025917

313 Rios, Solana Beach CA 92075

$1,365,000

313 Rios, Solana Beach

Coastal 4 bedroom 4 bath home just minutes to the highly desirable Cedros Design District offering art and antique shopping, restaurnats and blocks to Fletchers Cove and...

  • Beds 4
  • Baths 4.0
  • MLS 130025816

3557 Kenora Unit #13, Spring Valley CA 91977

$129,900

3557 Kenora Unit #13, Spring Valley

New paint throughout and new capet in bedrooms. Great opportunity for this 2 bedroom, 2 bath condo in Spring Valley. Plenty of natural sunlight and features include: gran...

  • Beds 2
  • Baths 2.0
  • MLS 130025783
  • Bldg. Summer Tree

114 Mission, Fallbrook CA 92028

$216,000

114 Mission, Fallbrook

Turn key cottage in the heart of Fallbrook, The home features tile floors and an upgraded and updated kitchen. this property is walking distance to many Fallbrook restau...

  • Beds 2
  • Baths 1.0
  • MLS 130025667
  • Bldg. Fallbrook

15267 Maturin Unit #22, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates CA 92127

$184,900

15267 Maturin Unit #22, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

Bank Owned but certainly doesn't feel like it! This terrific ground floor unit features fresh paint with new carpet in the bedroom and laminate flooring in the living ro...

  • Beds 1
  • Baths 1.0
  • MLS 130025611
  • Bldg. Villa Taviana

7337 Calle Conifera, Carlsbad CA 92009

$1,000,000

7337 Calle Conifera, Carlsbad

Beautiful La Costa Oaks home offers hardwood floors throughout. Kitchen has stainless steel appliances, granite counter tops and opens to large family room. Property has ...

  • Beds 5
  • Baths 5.0
  • MLS 130025585

1612 Hope, San Marcos CA 92078

$374,800

1612 Hope, San Marcos

Here's Hope! * Terrific Cluster style view home at the top of the world * Loaded with upgrades & extras * Small gate guarded neighborhood style complex with nice features...

  • Beds 3
  • Baths 3.0
  • MLS 130025639
  • Bldg. Springfield at San Elijo Hills

1620 Markerry, El Cajon CA 92019

$249,900

1620 Markerry, El Cajon

3 bedroom 1.5 bath home with a 2 car garage. Currently needs TLC.

  • Beds 3
  • Baths 2.0
  • MLS 130025563

3424 LAS VEGAS DRIVE, Oceanside CA 92054

$262,500

3424 LAS VEGAS DRIVE, Oceanside

Wow! Great price for this 3 bed, 2 bath home in san luis rey estates! Bring your hammer and paint brush, needs some fixing and tlc from neglect and then you can have a gr...

  • Beds 3
  • Baths 2.0
  • MLS 130025341

8015 Irene, El Cajon CA 92021

$390,500

8015 Irene, El Cajon

Freshly upgraded this pool home features new carpet, interior and exterior paint. Extra room is a den/office. Master bathroom recently remodeled. Perfect family home in a...

  • Beds 4
  • Baths 2.0
  • MLS 130025292

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