Receive San Diego Foreclosures Daily

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 858-382-5820.

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

312 J, National City

$66,500

Great opportunity to stop renting and start enjoying the pride of homeownership. This stunningly maintained unit features new stainless steel appliances in the private a...

Beds 1

Baths 1

1001 S Hale Ave, Escondido

$50,000

Cal-vet repo foreclosure. Newer home. Great condition. Sold-as-is. Extra room could be 3rd bedroom, needs a closet and entry door. Size is 11.7 X 54 and 11.7 X 60. One s...

Beds 3

Baths 2

500 W. Harbor Drive, Downtown

$470,000

Great floor plan. A place to relax. Nice kitchen. Spacious living room with great views. Big Master bedroom with walk-in closet. Secondary bedroom with hardwood floor...

Beds 2

Baths 2

328 Woodmeadow, Ramona

$332,000

*** CUSTOM 4 BEDROOM HOME WITH AMAZING PANORAMIC VIEWS!!! *** This Private, Secluded Ramona Home Is Perched Perfectly On Top Of A Picture Perfect Hilltop! The Spacious ...

Beds 4

Baths 3

121 Orange Ave, Chula Vista

$104,900

SPACE #102. JUST LIKE NEW! This home is only about a year old. Lender/Seller foreclosed on previous owner. Spacious 3/2. Comes with all kitchen appliances. Freshly painte...

Beds 3

Baths 2

514 Tag, Ramona

$334,900

This is a Great Home in a Great Neighborhood. Close to town & schools. A Must See. Bring in your Offers Today!

Beds 3

Baths 2

18218 Paradise Mountain Road, Valley Center

$69,500

UPDATE 1/18/10: PRICE MARKED DOWN FOR THE FINAL TIME, ADDITIONAL $20K REDUCTION, MUST SELL!!! This home has been marked down an additional $30,000 and must move now! U...

Beds 3

Baths 2

1028 Hoover, National City

$249,900

Lender owned-not a short sale. House is 80-90% complete-needs all kitchen fixtures, flooring, bathroom fixtures. Sold "as-is". Opportunity for buyers to finish interior i...

Beds 4

Baths 2

3121 Cherimoya, Jamul

$179,900

Major Fixer. Two bedroom single family home.

Beds 2

Baths 1

1030 Old Stage, Fallbrook

$322,500

Great Floor Plan with updated flooring. Bring in your offers today!

Beds 3

Baths 2

12480 Cumbres, Valley Center

$522,500

RECENTLY REDUCED! Single family home with panoramic location views.. Tile floors and granite countertops in kitchen. Must see. Bring your offers today!

Beds 5

Baths 2

2028 Gum Tree, Fallbrook

$559,900

RECENTLY REDUCED! Must See! This is a unique gated estate, includes two guest homes, a 1,000 s.f. motor home garage, breathtaking views, and was completely renovated in 1...

Beds 6

Baths 5

13655 Highway 8 Business, El Cajon

$99,900

FIRE THE LANDLORD! A real beauty. Spacious open floorplan. Convenient kitchen/living room pass-through. Ceiling fan in dining room. Whole house stereo system. Nice, quie...

Beds 3

Baths 2

12150 Rancho Bernardo, Rancho Bernardo/Sabre Springs/Carmel Mt Ranch

$239,900

Needs mold remediation in kitchen.

Beds 2

Baths 2

1953 Ensenada, Lemon Grove

$174,900

Private setting. Motivated Seller. Submit an offer today!

Beds 3

Baths 2