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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 858-205-9131 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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$599,900

3337 Highway 67, Ramona

A secluded home with amazing views, and plenty of room to move around in. This property features wood floors throughout, a swimming pool and sauna, and for those interest...

  • Beds3
  • Baths4.0
  • MLS160040864

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$329,900

340 El Diablo Court, Escondido

Private location with views! Single story ranch on a large lot. This home needs someone to give it some tender loving care and make it into something special! Kitchen ...

  • Beds3
  • Baths1.0
  • MLS160040848

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$380,000

11732 Lakeside, Lakeside

Price Reductionll! Property is located in Lakeside Farms in desirable country living. Property has 2 APN's. House and yard on one; back/side yard on other.

  • Beds5
  • Baths3.0
  • MLS160040832

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$699,000

3555 Sarah Ann, Fallbrook

Executive home in the gated community of Fallbrook Oaks. Beautiful 3769 SF custom home with 4+ bedrooms and 3+ bathrooms with hillside views. Marble fireplace in living r...

  • Beds4
  • Baths4.0
  • MLS160040758

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$1,115,000

2739 Bainbridge, Point Loma (Pt Loma)

Indulge yourself in this Point Loma home in Liberty Station. This home has 4 bedrooms, 3 full bathrooms and one half bathroom. There are many upgrades including hardwood ...

  • Beds4
  • Baths4.0
  • MLS160040657
  • Bldg.Liberty Station

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$444,900

2250 Caminito Pescado Unit #3, Ocean Beach (OB)

POINT LOMA - OCEAN BEACH! Turn-key, FHA approved townhome style condo. New carpet, flooring throughout, new interior paint, new stainless steel appliances and so much mor...

  • Beds2
  • Baths3.0
  • MLS160040574
  • Bldg.Sea Colony

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$457,600

289 Mar Vista, Vista

Single story 4 Bedroom fixer home in the wonderful Vista community ! This property is very spacious with hardwood floors throughout, open great room with large dining roo...

  • Beds4
  • Baths2.0
  • MLS160040338

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$525,000

4741 Elsa, Del Cerro

Excellent location in the heart of San Diego! Walking distance to Qualcomm Stadium! Cute 3 bedroom/2 bath home in Twain Heights with canyon view.

  • Beds3
  • Baths2.0
  • MLS160040030

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$499,000

1034 Orpheus Ave, Encinitas

Fixer in Encinitas. Single level ranch on I-5 frontage road. Opportunity knocks to live in Encinitas with their highly rated school district.

  • Beds3
  • Baths2.0
  • MLS160039843
  • Bldg.N/A

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$429,900

487 Clariss, Chula Vista

Opportunity Awaits! Great single story gem located in the heart of Chula Vista! Open floorplan with a large living room, separate dining room, open kitchen with brand new...

  • Beds3
  • Baths2.0
  • MLS160039812

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$329,900

10711 Holly Meadows Unit #B, Santee

Beautiful 2 story condo , end unit located in Riderwood Meadows community in Santee. This small condo community is very clean, bright and ready for to move in! The interi...

  • Beds3
  • Baths2.0
  • MLS160039416
  • Bldg.Ridewood Meadows

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$379,600

217 Meadowbrook Drive, Encanto

Needs cosmetic work. Large bonus/family room was permitted according to previous owner's daughter. Verify!! Covered RV parking has room for large motor home, boat or oth...

  • Beds4
  • Baths3.0
  • MLS160039124

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$339,900

13272 Salmon River Road Unit #204, Rancho Penasquitos

Check out this fantastic top corner single level two bedroom two bath condo with everything you are looking for. High ceilings, large balcony with storage closet, firepla...

  • Beds2
  • Baths2.0
  • MLS160038733
  • Bldg.Casablanca

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$340,000

9441 Lake Canyon Rd, Santee

Highly desirable location in the Santee community near Santee Lakes Recreation Preserve. 3 bedroom, 2 bath with spacious living area and brick fireplace. Large patio in b...

  • Beds3
  • Baths2.0
  • MLS160038724

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$829,000

1634 Riverview, Fallbrook

Privately gated custom home on 4.6 acres of land with beautiful mountain views. This home is spacious and perfect for entertaining your guests and family. Updated kitch...

  • Beds5
  • Baths5.0
  • MLS160038306

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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 © 2016 Sandicor®, Inc.

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