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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

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$396,900

2944 Amanecer Place, Escondido

This well maintained home is move in ready! Balcony off master. Lots of closet space. Covered patio. Cul-de-sac location. Conveniently located close to schools and shoppi...

  • Beds 4
  • Baths 3.0
  • MLS 140063070

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$700,000

6376 Del Paso Avenue, Del Cerro

Very nice property located in quiet Del Cerro with elevated northwesterly views! Upgrades include travertine flooring, granite counter tops, new paint and carpet, upgrade...

  • Beds 4
  • Baths 3.0
  • MLS 140063035

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$98,900

8126 Winter Gardens Blvd Unit #24, Lakeside

Calling all investors- No flooring so will not qualify for financing. From previous MLS listing- "Please note that tax records from the original conversion state the uni...

  • Beds 2
  • Baths 2.0
  • MLS 140062901
  • Bldg. Royal Villas

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$239,300

1071 Shadowridge Unit #50, Vista

Golf Course and Lake Views. 2 Master Suites. Stackable washer/dryer in laundry area/room. Central Heating/AC. Large balcony.

  • Beds 2
  • Baths 2.0
  • MLS 140062897
  • Bldg. Shadowridge Aspen

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$369,900

7212 Peter Pan Peter Pan Ave, Encanto

A lovely single story home. The large kitchen, with a granite breakfast bar, opens to the living room. Beautiful "soft close" cabinets, granite counters, large and spacio...

  • Beds 3
  • Baths 3.0
  • MLS 140062780

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$339,900

1701 Rush, Vista

This great family home is in a in centrally located neighborhood. Located on quiet street on elevated lot. Relax in back yard while enjoying the views to the east. The la...

  • Beds 3
  • Baths 2.0
  • MLS 140062762

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$285,000

2387 Toub St, Ramona

Over half acre of fenced flat land zoned A70 with bonus 30x30 barn. The house has to be updated and it is sold as-is. The seller will not allow the water to be turned on....

  • Beds 3
  • Baths 2.0
  • MLS 140062650

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$1,100,000

641 Via Maggiore, Chula Vista

Bella lago estate on a premium .92 ac lot*private gate and long driveway leading you to a 3 car garage and a designer entrance*many designed upgrades like marble flooring...

  • Beds 5
  • Baths 5.0
  • MLS 140062640

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$415,000

8041 Vista Drive, La Mesa

Location! Nice starter nestled in the middle of Lookout Park in La Mesa and features 3 bedrooms 2 bathrooms living and dining combination and kitchen in need of your spec...

  • Beds 3
  • Baths 2.0
  • MLS 140062589
  • Bldg. Lookout Park Down Town La Mesa

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$399,900

6205 Parkside Ave, Paradise Hills

Welcome Home! This 4 bedroom 2 1/2 bathroom home is move in ready. Home features granite counter tops, stainless appliances, window shutters, new paint and new carpet. ...

  • Beds 4
  • Baths 3.0
  • MLS 140062472

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$367,500

4044 Casita, Talmadge/San Diego Central

Home with great potential in a desireable neighborhood in College Area! Nice neighborhood with pride of ownership. Home shows with a Family room added to the back of th...

  • Beds 3
  • Baths 1.0
  • MLS 140062442

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$259,900

28948 Rocky Pass, Pine Valley

Vintage 2 bedroom 1.5 ba home of 1222 sq ft located in 4 seasons rural community of Pine Valley. Lg living room features cozy rock fireplace with insert & knotty pine wal...

  • Beds 2
  • Baths 2.0
  • MLS 140062296

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$264,900

1049 Felspar Unit #24, Pacific Beach/Mission Beach

Great studio unit located 3 blocks from the beach in security building in the heart of Pacific Beach. Complex was a conversion in 2006 and interior features wood floors,...

  • Beds
  • Baths 1.0
  • MLS 140062234
  • Bldg. Pacific Villas

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$226,900

3965 Nobel Dr Unit #239, University City/UTC

This cozy, one bedroom, one bath ground unit condo located in the desirable Venetian near Torrey Pines Golf Course, features a beautiful kitchen with upgraded steel appli...

  • Beds 1
  • Baths 1.0
  • MLS 140062206
  • Bldg. The Venetian

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$409,900

1480 Broadway Unit #2210, Downtown

Situated in Union Square complex in the East Village, this condo is waiting for your client! The interior features granite counters in kitchen & baths, kitchen with blac...

  • Beds 2
  • Baths 2.0
  • MLS 140062190
  • Bldg. Union Square

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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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