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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

$299,900

2818 Lakeview, Julian

Mountain Retreat with knotty pine vaulted ceilings and walls, nice brick fireplace in the LR and a pellet stove in the family room.

  • Beds 3
  • Baths 2.0
  • MLS 140020096

36013 Old Wilson, Ranchita CA 92066

$205,000

36013 Old Wilson, Ranchita

Great property for horses, workshop, and more! You can see all of your almost 10 usable acres laid out before you from your new home! Property has 2 RV hookups, and a hu...

  • Beds 3
  • Baths 3.0
  • MLS 140020038

255 Parkside, Escondido CA 92026

$225,000

255 Parkside, Escondido

You will love this Single story townhome! It has everything you are looking for - Private patio yard, Views to east, attached garage, laundry, vaulted ceilings, and open...

  • Beds 2
  • Baths 2.0
  • MLS 140020020
  • Bldg. Escondido Hills

3727 Meade, Normal Heights CA 92116

$399,900

3727 Meade, Normal Heights

Terrific opportunity for the first time buyer with this exceptional 2 bedroom home well located in the desirable neighborhood of Normal Heights. Open and bright floor pla...

  • Beds 2
  • Baths 1.0
  • MLS 140020011

1606 Antares, San Ysidro CA 92173

$329,900

1606 Antares, San Ysidro

NO HOA or Mello Roos for this single story corner lot home. Great size bedroom with two full baths is ready for you. Tile flooring, carpet and great size yard for family...

  • Beds 4
  • Baths 2.0
  • MLS 140020159

2358 Nicklaus, Oceanside CA 92056

$346,500

2358 Nicklaus, Oceanside

This townhome is located on the El Camino Coutnry Club and features spectacular sunset and golf course views. The property has an open floor plan with vaulted ceilings, f...

  • Beds 2
  • Baths 3.0
  • MLS 140019870
  • Bldg. EL CAMINO VILLA

13421 Sutter Mill, Poway CA 92064

$280,000

13421 Sutter Mill, Poway

Twin home in the heart of Poway. Close in proximity to restaurants and shops. Fixer upper in need of TLC.

  • Beds 3
  • Baths 2.0
  • MLS 140019752
  • Bldg. Flair

1711 Azul Vista, San Marcos CA 92078

$693,000

1711 Azul Vista, San Marcos

3 bedroom, 3 bath detached condo in gated community in Lake San Marcos. More information to follow. Located close to restaurants, shopping and golf course. See supplement...

  • Beds 3
  • Baths 3.0
  • MLS 140019814

1476 Sarasota, Borrego CA 92004

$75,800

1476 Sarasota, Borrego

CASH ONLY! Cracked slab and illegal room addition built over septic tank. This property needs a lot of work. County of San Diego has jurisdiction over this property. Proo...

  • Beds 3
  • Baths 2.0
  • MLS 140019784

4528 Santa Cruz, Ocean Beach (OB) CA 92107

$500,000

4528 Santa Cruz, Ocean Beach (OB)

Don't pass up this opportunity! This 3BR/3BA luxury home with 1BR/1BA guest house features newer exterior, wood flooring, newer kitchens and baths, decks, balcony, koi po...

  • Beds 3
  • Baths 3.0
  • MLS 140019747

7103 Via Del Charro, Rancho Santa Fe CA 92067

$1,200,000

7103 Via Del Charro, Rancho Santa Fe

Incredible opportunity to own an equestrian property in Rancho Santa Fe! Main house and grounds are in need of total rehabilitation, however stables, office, living quart...

  • Beds 3
  • Baths 4.0
  • MLS 140019676

13121 Lindo, Lakeside CA 92040

$429,900

13121 Lindo, Lakeside

Move-in ready one level home in park-like setting located just down the street from Lindo Lake recreation area.. Newly refurbished interior with fresh, neutral paint, car...

  • Beds 3
  • Baths 2.0
  • MLS 140019623

7538 Caminito Avola, La Jolla CA 92037

$699,900

7538 Caminito Avola, La Jolla

REO Priced to Sell. Ocean Views from the Living Room, Kitchen and Master Bedroom. Overlooking La Jolla Shores and Torwards the Northern Coast.This is an "AS IS" CASH ONLY...

  • Beds 3
  • Baths 2.0
  • MLS 140019448
  • Bldg. Collony Hill

3010 Alta View Unit #B108, Paradise Hills CA 92139

$119,900

3010 Alta View Unit #B108, Paradise Hills

Opportunity knocks with this great corner 1st floor unit in a gated community. Great 1 bed/1 bath condo is move in ready! Updated kitchen with granite counter tops & SS a...

  • Beds 1
  • Baths 1.0
  • MLS 140019359
  • Bldg. Villa Bonita

1707 Bellamont, Santee CA 92071

$354,900

1707 Bellamont, Santee

Turn-key townhome in popular Aubrey Glen featuring fresh, two-tone paint and new neutral carpeting throughout and all appliances convey including refrigerator and washer ...

  • Beds 3
  • Baths 4.0
  • MLS 140019309
  • Bldg. Aubrey Glen

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