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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

$319,900

1316 Sundown Glen, Escondido

2 bedroom, 2 bath end unit. Just completed a freshly painted interior, new carpet and misc. repairs. Kitchen features inew granite counters and stainless appliances. Remo...

  • Beds 2
  • Baths 2.0
  • MLS 140038823
  • Bldg. Avocado Estates

$529,900

1807 Donahue Dr, El Cajon

Large home in desirable Cottonwood! Huge master suite with 2 walk in closets and view balconies. Large living room, kitchen and dining room to entertain friends and famil...

  • Beds 4
  • Baths 6.0
  • MLS 140034232

3125 Via Puerta, Carlsbad CA 92009

$389,000

3125 Via Puerta, Carlsbad

Bright & Beautiful Cascada End-Unit / New Carpet, New Interior Paint....This property shows very nicely / 3 Bedrooms, 3 Full Baths, 1st Floor Extra Room Is Perfect For An...

  • Beds 3
  • Baths 3.0
  • MLS 140046003
  • Bldg. Cascada

2421 La Costa Avenue Unit #C, Carlsbad CA 92009

$392,200

2421 La Costa Avenue Unit #C, Carlsbad

La Costa. Views. Convenient. So close to everything in La Costa and Carlsbad. This home has just about everything you need to settle in. Home is being sold via online au...

  • Beds 2
  • Baths 3.0
  • MLS 140045874
  • Bldg. Marbellal

9250 Towne Center Dr Unit #13, Sorrento CA 92121

$370,000

9250 Towne Center Dr Unit #13, Sorrento

Rare opportunity in a great location. Walk to the mall, close to UCSD, and just a short drive to the beach. Corner unit sold AS-IS waiting for you to update it. Tow pati...

  • Beds 2
  • Baths 2.0
  • MLS 140045590
  • Bldg. Devonshire Woods

$274,500

2894 Morningside St, Paradise Hills

3 bedrooms, 1 bath single level home home with view. In the process of being trashed out. Unique bathroom features 2 toilets and 2 vanities with tub in the middle and 2 a...

  • Beds 3
  • Baths 1.0
  • MLS 140038847

13887 Lake Poway, Poway CA 92064

$923,600

13887 Lake Poway, Poway

Nice north Poway single level home on 1 acre lot. Large garage and driveway allows room for a boat or other toys. Fireplace in family room, granite counters and double o...

  • Beds 4
  • Baths 4.0
  • MLS 140045124

431 Westview Drive, Chula Vista CA 91910

$589,900

431 Westview Drive, Chula Vista

Executive Home on a Corner Lot Features 5 bedrooms with 1 bedroom and full bathroom on the lower level* Total of 4 full bathrooms*Fresh Paint Throughout*New Carpet*New K...

  • Beds 5
  • Baths 4.0
  • MLS 140045041

1697 Copper Penny, Chula Vista CA 91915

$568,900

1697 Copper Penny, Chula Vista

Amazing 5 bedroom corner lot home is ready for you. Two bedrooms downstairs, two full baths downstairs, oversized family room with fireplace, granite counters in kitchen ...

  • Beds 5
  • Baths 4.0
  • MLS 140044966

3233 Salton Vista, Julian CA 92036

$160,000

3233 Salton Vista, Julian

You are going to love this charming Julian cottage. The high ceilings, open floorplan and natural light make this a great weekend getaway or even a great year round home...

  • Beds 2
  • Baths 1.0
  • MLS 140044906

35366 Peralta Drive, Vista CA 92086

$219,100

35366 Peralta Drive, Vista

Large Santa Fe style home on a large lot! This property is full of upgrades and has a spectacular view! Bright and open floor plan, laminate wood flooring in the living r...

  • Beds 4
  • Baths 3.0
  • MLS 140044771
  • Bldg. Summit Estates

10105 Cedar Springs Dr, Santee CA 92071

$375,000

10105 Cedar Springs Dr, Santee

Tropical Feel Pool Home ...just a little updating will make this home sparkle...Don't Wait... Bank-owned 3 Bed, 2 Bath, spacious backyard with pool...great for first-time...

  • Beds 3
  • Baths 2.0
  • MLS 140044637

1007 Capra Wy, Fallbrook CA 92028

$639,900

1007 Capra Wy, Fallbrook

4 bedroom, 3.5 bath single level home on 3.53 acre lot with barn. Kitchen features walk in pantry and breakfast nook. Family room features wet bar and floor to ceiling br...

  • Beds 4
  • Baths 4.0
  • MLS 140044624

441 Los Arbolitos, Oceanside CA 92058

$204,500

441 Los Arbolitos, Oceanside

2 bedroom, 1 bath end unit with 1 car detached garage. Features include vaulted ceiling in the living room and dining area. Other features include private patio area and ...

  • Beds 2
  • Baths 1.0
  • MLS 140044575
  • Bldg. Orchard Lane

$519,900

30635 Shady Creek Lane, Valley Center

JUST REDUCED! Back on the market! Something special!! An amazing opportunity to own a large countryside home. Family paradise. Lots of room to spread out. Perfect for ...

  • Beds 5
  • Baths 4.0
  • MLS 140027131

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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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