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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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$389,900

1205 Armacost Road, Encanto

Excellent corner lot location with new carpet, paint, furnace, termite clearance, ceiling fans and eat-in kitchen! Lots of light with upgraded windows. Covered patio and ...

  • Beds4
  • Baths2.0
  • MLS150042367

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$349,900

3515 Bentley, Spring Valley

Great Opportunity home! Bring your imagination, home features original wood floors, throughout original living area. Tax records show home as a 2 bedroom 1.5 bathrooms, h...

  • Beds2
  • Baths2.0
  • MLS150042088

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$426,900

30570 Chihuahua Valley Rd, Werner Springs

SFR with 2 guest houses. Main house features 4 bedrooms, 3 baths, 3 car garage and pool (drained). 2nd unit features 4 bedrooms, 1 bath and kitchenette area along with l...

  • Beds4
  • Baths3.0
  • MLS150041761

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$278,000

3370 Cherokee Ave Unit #41, North Park

Top floor two bedroom, two bathroom unit! Gated Complex is at the end of Cherokee Ave near the canyon! Vaulted ceilings and some view of the community pool from the Balco...

  • Beds2
  • Baths2.0
  • MLS150041587
  • Bldg.Cherokee Canyon

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$1,299,900

4651 Dunham Way, Carmel Valley

Nice west Carmel Valley home with 4 Bedrooms and 3.5 baths. Award winning schools nearby and convenient to all, shopping, freeways.

  • Beds4
  • Baths4.0
  • MLS150041505

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$519,900

5666 Barclay, Del Cerro

Property is being sold in it's "as is" condition, and needs some TLC, they appear to be cosmetic repairs, tax role says 3br 1.5ba, but there are actually 2 baths, one wi...

  • Beds3
  • Baths2.0
  • MLS150041351

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$373,000

576 Morgan Way, El Cajon

This nice little rancher with a pool is located on a cul-de-sac near Renette Park just east of Interstate 8 near the intersection of Chase Avenue and Emerald Avenue. Hom...

  • Beds3
  • Baths3.0
  • MLS150041315

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$441,000

13817 Los Coches Road E, El Cajon

This home comes with 2 car garage patio, deck, fenced yard ,2 fireplaces etc. PROPERTY SOLD AS IS WITHOUT REPAIR OR WARRANTY. The List Price is the minimum acceptable bid...

  • Beds4
  • Baths2.0
  • MLS150041296

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$324,500

30367 Anthony Rd, Valley Center

The home has a wrap around porch, views from every side, a new roof and fresh paint inside/out. Come make this great house your home. Buyer to verify all before the close...

  • Beds3
  • Baths2.0
  • MLS150041235
  • Bldg.Valley Center

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$434,900

10553 Valle Vista Rd, Lakeside

Unique home that is perfect for extended family, guest home, income producer or granny flat. Can be 2 homes on 1 acre or 1 large ranch home. Main house is 3 br 3 ba plu...

  • Beds4
  • Baths3.0
  • MLS150040996

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$350,000

529 Starling, Vista

A perfect entry-level home in Vista. Wonderful, open floor plan with 3 bedrooms and 1.5 baths. This home features several upgrades which include an upgraded kitchen with...

  • Beds3
  • Baths2.0
  • MLS150040490

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$1,118,000

2570 Dogwood Rd, Carlsbad

5 bedroom, 4.5 bath home with 1 bedroom and bath on the main level. Kitchen features center island, stainless appliances and butler's pantry. Master bath features dual si...

  • Beds5
  • Baths5.0
  • MLS150040354

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$340,000

1239 Wren Glen, Escondido

Large multi-level townhome in North Escondido two bedrooms, 2 1/2 baths with lots of potential! Patio off living room has view of open space below.

  • Beds2
  • Baths3.0
  • MLS150040294
  • Bldg.Escondido Cc Terrace

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$300,000

823 Erica, Escondido

This is a 3 bed 2 one story home located in the heart of Escondido, with a lot of potential, room addition and added shower to second bath permits unknown, in a quiet nei...

  • Beds3
  • Baths2.0
  • MLS150040290

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$575,000

2805 Oro Blanco Circle, Escondido

Great opportunity to live in the master planned community of Eureka Springs! Interior amenities include granite counter tops and stainless steel appliances. Tile through...

  • Beds4
  • Baths3.0
  • MLS150040263

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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 © 2015 Sandicor®, Inc.

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