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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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$400,000

2746 Wanek Road, Escondido

Come enjoy the beautiful Country Walk community. Very clean, like new home complete with new paint, carpet & appliances. Large open bottom level, kitchen complete with l...

  • Beds3
  • Baths3.0
  • MLS150015833

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$412,900

4217 Serena Ave, Oceanside

Welcome Home! This is a great investment opportunity... Single level, 3 bedroom home on a large lot with a pool. Located in the Lake Village neighborhood. Please contact ...

  • Beds3
  • Baths2.0
  • MLS150015785

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$524,900

4011 Crown Point Unit #6, Pacific Beach/Mission Beach

This is a stunning Bay View Condo located in Crown Point!! You'll enjoy the top unit with view deck, new carpet, new paint, appliances and so much more. Situated in hig...

  • Beds2
  • Baths2.0
  • MLS150015584
  • Bldg.Crown Point Villas

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$416,500

1398 Lilac, Chula Vista

Nice Chula Vista home located on a corner lot. 3 bedrooms 2 baths and private below ground pool pool. Walking distance to Parkview Elementary. Easy access to the 5 freewa...

  • Beds3
  • Baths2.0
  • MLS150015572

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$382,900

5050 Williams, La Mesa

This single-level home is located on a quiet street in La mesa. Great Opportunity. The home features a living room plus family room with fireplace. Central location with...

  • Beds2
  • Baths1.0
  • MLS150015555

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$430,000

10916 New Salem, Mira Mesa

LB battery is dead and will be replaced 3-26 12pm.Home with a big backyard and patio!! Open family room and kitchen. On Cul-De-Sac, down the street from shopping centers...

  • Beds3
  • Baths2.0
  • MLS140065695

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$339,900

9817 Settle Rd, Santee

Excellent location in central Santee! Very close to Santee Lakes Recreational Preserve, shopping, eateries, transportation & weekly farmer's market! Features fireplace, f...

  • Beds3
  • Baths2.0
  • MLS140065150

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$214,900

3230 Ashford Unit #H, Linda Vista

Check out this affordable two bedroom townhouse central to all right by Mesa College and the 163 freeway. Popular neighborhood great complex and perfect for first time ho...

  • Beds2
  • Baths2.0
  • MLS150015252
  • Bldg.Village Woods

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$451,000

4454 San Joaquin St, Oceanside

Desired single story home located in the wonderful community of Rancho Pacifica, this is a 3 bedroom with 2 optional bedrooms, and 2.5 bath. boasts and open floor plan wi...

  • Beds3
  • Baths3.0
  • MLS150015082

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$283,600

10303 Caminito Aralia Unit #96, Scripps Ranch

Nice 2 bedroom 2 bath upper unit in Scripps Woods. No popcorn ceilings! Neutral colors. Fireplace in living room, tile at entry and kitchen and storage closet on balcony....

  • Beds2
  • Baths2.0
  • MLS150014862
  • Bldg.Scripps Woods

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$435,000

8275 Station Village Lane Unit #3211, Mission Valley

Opportunity to own in one of the nicest condo complexes in Mission Valley. This 2BR, 2 full bath unit located on the second floor has a 7 X 12 balcony overlooking a walk...

  • Beds2
  • Baths2.0
  • MLS150014851

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$716,000

2165 Union Street, Downtown

Great opportunity to call this home your own. Stunning remodeled home in Bankers Hill. Sits on a large corner lot with detached studio, permits unknown. Walk to Little ...

  • Beds3
  • Baths2.0
  • MLS150009098

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$337,800

122 Garfield, El Cajon

Cute El Cajon home with wood floors in the living room and large back yard. Ceiling fans in both bedrooms and most windows and sliders have been updated. Plenty of cabine...

  • Beds2
  • Baths1.0
  • MLS150014583

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$2,000,200

6626 Michaeljohn Dr, La Jolla

4 bedroom, 3.5 bath single level home with ocean view. Kitchen and baths have been upgraded. Large family room features wet bar area and access to patio. Master bath feat...

  • Beds4
  • Baths4.0
  • MLS150005768

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$674,900

13888 Freeport Rd, Rancho Penasquitos

Bright, open floor plan with 5 bedrooms! Perfect family home. Beautiful hardwood flooring downstairs with soaring ceilings in the living and dining areas, brick fireplac...

  • Beds5
  • Baths3.0
  • MLS150014379

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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 © 2015 Sandicor®, Inc.

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