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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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$444,900

1822 Paradise St, Escondido

This is a 2 story, 4 bedroom 3 bath home with a master suite on the entry level,and second master upstairs. Located in a quiet cul de sac in the heart of Escondido close ...

  • Beds4
  • Baths3.0
  • MLS160048165

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$594,900

42243 Via Del Gavilan, Fallbrook

Custom built home with panoramic mountain and canyon views. 3 fireplaces, 3 car garage, horse corral and room for RV parking. Large gourmet kitchen with lots of storage s...

  • Beds4
  • Baths4.0
  • MLS160048027

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$348,400

1324 Division St, National City

4 bedroom, 2.5 bath single level home. There is a room addition (permit status unknown). Located close to schools, shopping, restaurants and freeways.

  • Beds4
  • Baths3.0
  • MLS160047697

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$152,500

22230 Crestline Road, Palomar Mt

Cozy cabin located on Palomar Mountain. Very secluded quiet area to relax and enjoy nature and wildlife. Loft could easily be used as an additional bedroom. Wood burni...

  • Beds1
  • Baths2.0
  • MLS160047527

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$335,700

726 Maryland Dr, Vista

Great potential with this 3 bedroom/2 bath home situated on a large lot! Convenient to schools, restaurants, shopping and the 78!

  • Beds3
  • Baths2.0
  • MLS160047495

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$514,900

2802 Paseo Del Sol, Escondido

Nice private home with views of Escondido on a 2.39 acre lot! Balcony off of first level offers great views of the valley. Separate entrances for first and second levels ...

  • Beds4
  • Baths3.0
  • MLS160047380

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$334,900

2255 Manzana Way, Paradise Hills

End unit which offers privacy and view of the greenbelt. Wood flooring throughout entry, living room and hallway. Cozy fireplace in living room and vaulted ceilings. Some...

  • Beds4
  • Baths3.0
  • MLS160047292
  • Bldg.Hillsborough

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$491,900

1975 Versailles, Chula Vista

This property is a 4 bedroom, 2.5 bathroom detached home located in the St. Claire neighborhood of Chula Vista. With 2 stories and 1,930 sq. ft. of living space, the prop...

  • Beds4
  • Baths3.0
  • MLS160047276

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$348,400

6655 Radio Dr, Encanto

3 bedroom, 2 bath home on flag lot. Features include fireplace in the living room and nice size kitchen. Located close to schools, shopping, restaurants and freeway.

  • Beds3
  • Baths2.0
  • MLS160047244

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$691,600

1166 Cambria Wy, Encinitas

3 bedroom, 2.5 bath home in Cambria. Features include fireplace in the family room and dual sinks and garden tub in the master bath. Located close to schools, shopping, r...

  • Beds3
  • Baths3.0
  • MLS160047225

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$1,438,900

15562 Rising River, Rancho Bernardo/4S Ranch/Santaluz/Crosby Estates

Beautiful 5 bedroom 4 bath home in the gated Avaron community. Great end of cul de sac location! Lots of natural light and huge backyard. Travertine flooring through out,...

  • Beds5
  • Baths5.0
  • MLS160046816

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$612,000

3705 Bancroft St, North Park

*FANTASTIC CORNER LOT HOME IN BEAUTIFUL NORTH PARK* Perfect location in one of San Diego's hottest neighborhoods! Just blocks from all of the delicious restaurants & brew...

  • Beds3
  • Baths2.0
  • MLS160046694

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$322,400

1190 5th Ave Unit #C6, Chula Vista

3 bedroom, 2.5 bath unit with good sized back yard. Features include fireplace in the living room and dual sinks in the master bath. Located close to schools, shopping, r...

  • Beds3
  • Baths3.0
  • MLS160046617
  • Bldg.La Quinta Villas

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$450,000

351 Claydelle Ave, El Cajon

Completely rebuilt & remodeled home is move-in ready! All new kitchen w/granite counters & ample storage in the new cabinets; The Living Room, dining room & kitchen all ...

  • Beds3
  • Baths2.0
  • MLS160046502

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$315,000

3912 Florida St, North Park

Great little cottage nestled in an enclave of seven single-family detached homes. Reminiscent of the residential courts you find in San Francisco. Home has suffered from...

  • Beds2
  • Baths1.0
  • MLS160046409

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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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