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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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$349,900

2151 Cherry Blossom Unit #201, Chula Vista

Prime location! End unit located in a beautiful complex with lush landscpaing near Otay Ranch mall. This home is move in ready ...updated with custom baseboards, new floo...

  • Beds3
  • Baths4.0
  • MLS140056334
  • Bldg.Agave

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$429,900

2356 Seasons Road, Oceanside

New to the market~wonderful large two story home in family friendly neighborhood. This home offers a large living room, family room with fireplace, large newly applianced...

  • Beds3
  • Baths3.0
  • MLS140065387

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$728,200

25647 Rue De Lac, Escondido

“Property is occupied and occupants are not to be disturbed or contacted under any circumstances. Interior inspections are not available and property is being sold ...

  • Beds4
  • Baths5.0
  • MLS140065264
  • Bldg.Montreux

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$232,950

4387 34th Unit #A, North Park

This 2BR/2BA condo is centrally located in Normal Heights midway between the hipster area of North Park and the Adams Avenue Arts District. A spacious Great Room is ide...

  • Beds2
  • Baths1.0
  • MLS140065261
  • Bldg.House Plus Three Units.

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$295,000

Linda Vista

Hurry and be first to see and ready to buy! Looking for a great deal on a home? 2 bedroom, 1 bath home with beautiful hardwood floors, stainless steel appliances, granite...

  • Beds2
  • Baths1.0
  • MLS140065260

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$229,000

1890 Chambery Unit #2335, Chula Vista

Opportunity awaits! Fantastic 2 bedroom/2bath condo located in Otay Ranch near multiple parks, schools, shopping and more! This condo features a bright and open layout wi...

  • Beds2
  • Baths2.0
  • MLS140060459
  • Bldg.Mer Soleil

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$310,900

6762 Tiffin Ave, Encanto

Great Opportunity. Central location with easy access to schools, shopping and freeways. This spacious 3 bedroom 2 bath home on a large lot is located in lovely Broadway H...

  • Beds3
  • Baths2.0
  • MLS140065187

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$359,900

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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$700,000

1455 Anchor, San Marcos

Beautiful 5 bedroom, 4 bathroom home! 3,068 square feet with a 2 car attached garage. Granite counter tops in the kitchen and master bathroom. Stainless steel applianc...

  • Beds5
  • Baths4.0
  • MLS140065117

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$248,900

233 Via Tore, Vista

Great opportunity! This 3 bedroom, 2 bath property features nearly 1,500 sqft of living space and a nice large yard. Large bedrooms, a master bath in the master bedroom a...

  • Beds3
  • Baths2.0
  • MLS140065109

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$370,000

262 Encinitas, Encanto

This is a Great Home on a quiet street. Just some freshening up and this home will be move in ready! bedroom and half bath downstairs with vaulted ceilings in the living...

  • Beds4
  • Baths3.0
  • MLS140064950

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$219,000

4269 41st, East San Diego

HIGHEST AND BEST OFFER DUE 12-17 AT 5PM. SEE ATTACHMENTS. Flat useable lot with a backyard big enough for an urban garden. Detached garage can be accessed from the alle...

  • Beds2
  • Baths2.0
  • MLS140064908

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$275,000

707 Brookstone Rd Unit #101, Chula Vista

3 bedroom, 2 bath condo in Camelot. Features include brick fireplace in the living room and dual sinks in the master bath. Located close to restaurants, shopping, lagoon...

  • Beds3
  • Baths2.0
  • MLS140064882
  • Bldg.Camelot

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$198,000

1240 Broadway Unit #56, Escondido

Amazing home centrally located in the heart of Escondido! Bottom level unit with new carpet, paint and appliances. Kitchen and bathrooms feature granite counter tops. 2 ...

  • Beds2
  • Baths2.0
  • MLS140064839
  • Bldg.Villa La Paz

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$242,900

17617 Pomerado Road Unit #110, Rancho Bernardo/Sabre Springs/Carmel Mt Ranch

Great opportunity to live in an amazing community! Rarely available Oaks North Village end unit located close to the recreation center and pool. Many recent updates in...

  • Beds2
  • Baths2.0
  • MLS140064739
  • Bldg.Oaks North Village

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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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