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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

1307 Haglar Unit #5, Chula Vista CA 91913

$321,900

1307 Haglar Unit #5, Chula Vista

Fantastic End unit with beautiful grassy garden area surrounding the front door. This home has 3 good size bedrooms, 3.5 baths, attached 2 car garage and has been recentl...

  • Beds 3
  • Baths 4.0
  • MLS 140021242
  • Bldg. Hearthstone Village At Otay Ranch

6515 Mount Albertine, Linda Vista CA 92111

$452,500

6515 Mount Albertine, Linda Vista

4 bedroom, 2 bath single level home on corner lot. Features include fireplace in the living room and wood burning stove in the family room (permits unknown). Located clo...

  • Beds 4
  • Baths 2.0
  • MLS 140021184

4181 Mississippi, North Park CA 92104

$394,900

4181 Mississippi, North Park

Squeaky clean and move in ready! NEW paint! NEW stainless steel appliances! Premiere unit in complex. Corner home with lots of natural light and ocean breezes. Hardwoo...

  • Beds 2
  • Baths 2.0
  • MLS 140021192
  • Bldg. Phoenix Three

1632 Myra, Chula Vista CA 91911

$429,900

1632 Myra, Chula Vista

WOW! Nicely redone inside and out. Freshly Paint and New Carpet. Perfect location and close to everything. 4 LARGE Bedrooms with a Huge screened in patio for those nice w...

  • Beds 4
  • Baths 2.0
  • MLS 140021229

$299,900

1132 2nd, National City

Wonderful opportunity for the handy homeowner or investor! This Spanish style beauty combines classic architecture with modern day utility. Enjoy arched entries and bui...

  • Beds 2
  • Baths 1.0
  • MLS 140021283

8394 Tommy, San Carlos CA 92119

$449,900

8394 Tommy, San Carlos

close to SCHOOLS, SHOPPING, RESTAURANTS AND EASY FREEWAY access TO FWY 125. NEEDS SOME TLC BUT HAS GREAT POTENTIAL. KITCHEN HAS OAK cabinets THAT ARE IN GOOD SHAPE. SINGL...

  • Beds 4
  • Baths 3.0
  • MLS 140020941

32926 Poppy, Temecula CA 92592

$456,500

32926 Poppy, Temecula

4 bedroom, 3 bath home with bonus room in gated community. Kitchen features granite counters, center island and stainless appliances. Master bath features dual sinks, wa...

  • Beds 4
  • Baths 3.0
  • MLS 140020913

309 Wisconsin, El Cajon CA 92020

$289,900

309 Wisconsin, El Cajon

Single story home with wood type flooring,tile and carpet. Kitchen has newer custom cabinets, corian counters and dual pane windows. Large yard for family enjoyment. Gar...

  • Beds 2
  • Baths 1.0
  • MLS 140021003

1584 Caminito Zaragoza Unit #168, Chula Vista CA 91913

$350,000

1584 Caminito Zaragoza Unit #168, Chula Vista

Welcome home! Move in ready home with new paint, carpet vinyl throughout. Wonderful large open kitchen. Enjoy your balconies on warm evenings. End unit with a large 2...

  • Beds 4
  • Baths 3.0
  • MLS 130061206
  • Bldg. Treviana

4821 Collwood Unit #B, Talmadge/San Diego Central CA 92115

$234,900

4821 Collwood Unit #B, Talmadge/San Diego Central

Garden level unit in move-in condition. Unit enjoys a private, enclosed back yard with gardens, small lawn area and patio with private gate to secured carport unique to ...

  • Beds 2
  • Baths 2.0
  • MLS 140020661
  • Bldg. Collwood Villas

16044 Lilac Wood, Jamul CA 91935

$349,900

16044 Lilac Wood, Jamul

Spacious open floorplan on a large lot. This home is for those whom seek privacy and enjoy a great mountain view. Home has been completely remodeled inside and out and is...

  • Beds 3
  • Baths 2.0
  • MLS 140020616

4650 Dulin Unit #88, Fallbrook CA 92028

$146,000

4650 Dulin Unit #88, Fallbrook

Well maintained, fenced off portion on side for pets, large rooms, and large carport for 2 vehicles with small shed or storage area.

  • Beds 2
  • Baths 2.0
  • MLS 140020561
  • Bldg. Rancho Monserate

6353 Avenida De Las Vistas Unit #5, Otay Mesa CA 92154

$314,900

6353 Avenida De Las Vistas Unit #5, Otay Mesa

Magnificent 3&2.5 condo in move in ready condition. Home has amazing views of Otay ranch canyon. Huge family/living room combo with a build in fireplace. Great for family...

  • Beds 3
  • Baths 3.0
  • MLS 140020480
  • Bldg. Edgewater

515 Blackbird, Vista CA 92083

$349,900

515 Blackbird, Vista

Corporate owned opportunity! Granite countertops, tile flooring. Master has built in closet, storage and entertainment cabinets. Bonus room. Back yard mostly hardscaped w...

  • Beds 4
  • Baths 3.0
  • MLS 140020407

999 Pacific Unit #G207, Oceanside CA 92054

$309,000

999 Pacific Unit #G207, Oceanside

LOWEST PRICED UNIT IN NORTH COAST VILLAGE !!! MARINA & OCEAN VIEWS FROM PATIO DECK / New interior paint, New Carpet, New stove, New dishwasher ....... This 1 bedroom, 1 ...

  • Beds 1
  • Baths 1.0
  • MLS 140020643
  • Bldg. North Coast Village

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