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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

793 Ellen, El Cajon CA 92019

$315,000

793 Ellen, El Cajon

You'll love this inviting home on a corner lot in the desirable Granite Hills area of El Cajon. Open floorplan, central air, high ceilings - there's a lot to fall in lov...

  • Beds 3
  • Baths 2.0
  • MLS 140053532

5453 Mildred St., Old Town CA 92110

$336,600

5453 Mildred St., Old Town

Rare Opportunity for 2 Bed/ 1 Bath home in USD/Linda Vista area! Large Bedrooms and Spacious Kitchen with all appliances! Hardwood floors in Living Room. Large Driveway...

  • Beds 2
  • Baths 1.0
  • MLS 140053497

3957 Colina Court, Oceanside CA 92058

$469,900

3957 Colina Court, Oceanside

SINGLE STORY, HIGHLY SOUGHT AFTER RIO VISTA COMMUNITY! 4 BED, 2 FULL BATHS. Flowing open floorplan on a quiet street. Master bedroom and bath on own separate wing from o...

  • Beds 4
  • Baths 2.0
  • MLS 140053481

1565 Mendocino Drive Unit #177, Chula Vista CA 91911

$207,100

1565 Mendocino Drive Unit #177, Chula Vista

Nice 3 bedroom 1.5 bath Mendocino unit with all bedrooms upstairs and 1/2 bath and inside laundry closet downstairs. Close to parks, schools and shopping. Fenced patio ar...

  • Beds 3
  • Baths 2.0
  • MLS 140053466
  • Bldg. Mendocino

855 Halecrest Drive, Chula Vista CA 91910

$349,000

855 Halecrest Drive, Chula Vista

3bedroom \ 2 bath South West Spanish Style Home sits on 7,300sqft. and has 1288sqft of recorded living space. Unique yard set up for aquatic ponds and built in BBQ area...

  • Beds 3
  • Baths 2.0
  • MLS 140053396

7160 Encelia, La Jolla CA 92037

$2,349,000

7160 Encelia, La Jolla

Bank Owned Property with stunning views of a private reserve and the ocean. This gem is located at the top of La Jolla offering a private location at the very end of the...

  • Beds 6
  • Baths 8.0
  • MLS 140053395

9449 Fairbgrove Lane Unit #101, Rancho Penasquitos CA 92129

$294,900

9449 Fairbgrove Lane Unit #101, Rancho Penasquitos

Great end unit on 1st floor in move in condition. Recently painted, fireplace in living room, master bedroom has large walkin closet with organized shelves. Complex has...

  • Beds 2
  • Baths 2.0
  • MLS 140053343
  • Bldg. Casablanca

3968 Agua Dulce Blvd, Spring Valley CA 91977

$476,500

3968 Agua Dulce Blvd, Spring Valley

Exceptional home located on nearly 1/3 acre with mountain and city lights view. The serene location off the street and down the private driveway leads to a spacious and c...

  • Beds 3
  • Baths 3.0
  • MLS 140053290

371 Colby Point, Chula Vista CA 91914

$1,150,000

371 Colby Point, Chula Vista

Absolutely Beautiful Home in the Exclusive Gated Rolling Hills Ranch II Community. This property has it all. A tranquil entrance provides privacy yet conveys you are "ho...

  • Beds 6
  • Baths 6.0
  • MLS 140053288

1975 Paradise St, Encanto CA 92114

$319,900

1975 Paradise St, Encanto

Large 4 bedroom family home with very nice views from rear. House has 2 full bathrooms, 2 fireplaces, central heating & air, new carpet, 2 attached garages, large corner...

  • Beds 4
  • Baths 3.0
  • MLS 140052867

10866 Tierrasanta Blvd, Tierrasanta CA 92124

$285,000

10866 Tierrasanta Blvd, Tierrasanta

Desirable Tierrasanta! Single story, vaulted ceilings, huge walk in closet! Full washer/dryer. Hardwood floors throughout! Large, open kitchen with slider to go out to pr...

  • Beds 2
  • Baths 1.0
  • MLS 140052768
  • Bldg. Villa Martinique North

24916 Bareta Star Ranch Rd, Ramona CA 92065

$719,900

24916 Bareta Star Ranch Rd, Ramona

Wide, open spaces and sweeping views. Quality features include travertine and stone countertops, alder cabinets. Gourmet kitchen with stainless appliances. Spacious liv...

  • Beds 3
  • Baths 3.0
  • MLS 140052709

5756 Dartmoor Circle, Oceanside CA 92057

$549,900

5756 Dartmoor Circle, Oceanside

Great Jeffries Ranch location! Steps to Mission Meadows Elem. Large pie shaped lot. Ample parking w/ 3 car gar. & long deep driveway. Light & bright w/ many windows. Vaul...

  • Beds 4
  • Baths 3.0
  • MLS 140052692

6757 Friars Road Unit #41, Mission Valley CA 92108

$259,500

6757 Friars Road Unit #41, Mission Valley

LOCATION, LOCATION!!! Large top floor unit with views to the east overlooking Fashion Valley & city lights. Centrally located within walking distance to Fashion Valley Ma...

  • Beds 1
  • Baths 2.0
  • MLS 140052625
  • Bldg. Mission Greens

613 Maple St, Mission Hills CA 92103

$899,000

613 Maple St, Mission Hills

Desirable, Mission Hills location! Only 10 years old, 2500 sq ft, designed with a modern floor plan; Large bedrooms, separate laundry room, 3.5 baths, granite counter top...

  • Beds 4
  • Baths 4.0
  • MLS 140052602

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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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