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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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$357,900

1531 Malaga Way, Fallbrook

Great home on large lot located at the end of a cul-de-sac. Home has a gated pool, detached "artist studio" and attached 2 car garage. Tile and laminate flooring throug...

  • Beds2
  • Baths3.0
  • MLS160028935

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$229,900

866 Rancho Santa Fe Unit #D, San Marcos

Updated ground floor unit available in desirable Sommerset by the Lake. 2 bedrooms and 2 full bathrooms with central air and enclosed patio.

  • Beds2
  • Baths2.0
  • MLS160028902
  • Bldg.Sommerset

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$315,000

9136 Rosedale Dr., Spring Valley

This home has lots of potential located on a quite court with only a few other properties. Home features a fully fenced large yard on a corner lot. Master bedroom is lo...

  • Beds3
  • Baths2.0
  • MLS160028815

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$327,600

3692 West St, La Mesa

2 bedroom, 2 bath single level home on corner lot. Located close to restaurants, shopping and freeway

  • Beds2
  • Baths2.0
  • MLS160028381

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$105,000

2626 Coronado Avenue Unit #77, Otay Mesa

Three bedroom, two bath home for sale in desirable Helena Mobile Park. Home features: well appointed kitchen with island and built in computer desk station, lots of cabi...

  • Beds3
  • Baths2.0
  • MLS160028191
  • Bldg.Helena Mobile Park

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$440,000

3603 Maguire Rd, San Ysidro

This Most Affordable Home build in 1999 offering living area of 2020 with 5 beds 2.1 bath, Fence, Patio, Fireplace and Attached 2 car garage. Conveniently located close ...

  • Beds5
  • Baths3.0
  • MLS160028129
  • Bldg.Na

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$301,600

189 Minnesota Ave, El Cajon

Quaint 2 bedroom, 1 bath single level home with good size backyard and attached 1 car garage. Located near schools, restaurants and shopping.

  • Beds2
  • Baths1.0
  • MLS160027909

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$434,900

9732 Sutton, Santee

VIEWS!!! This charming one story cul-de-sac home boasts 3 bedrooms and 2 bathrooms. The many upgrades include exposed ceiling beam work, engineered wood floors, double p...

  • Beds3
  • Baths2.0
  • MLS160027701

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$309,900

32366 Cahuka Ct, Pauma Valley

Rarely available, end unit on the 13th fairway. Whether you are into golf or not, this Pauma Valley Country Club unit sits on a cul-de-sac with views of green belt betwe...

  • Beds2
  • Baths2.0
  • MLS160027519
  • Bldg.Pvcc

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$249,000

5130 Mandarin, Oceanside

Cute Oceanside twinhome with large backyard landscaped for minimum water use. 1 car attached garage. Ceiling fans in 1 bedroom and living room. No HOA fees!

  • Beds2
  • Baths2.0
  • MLS160027467

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$683,700

447 Sandler Ct, Alpine

This is a single story 3 bed room, 3.5 bath 5323 sq ft home on useable 1.41 acres. Breath taking views all the way to the ocean. Impressive entry with bevel leaded glass ...

  • Beds3
  • Baths4.0
  • MLS160027439

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$769,900

2543 Douglaston Glen, Escondido

All that you have been looking for. Desirable gated Brookside community and sought after single level floor-plan with Casita. Walking distance of Reidy Creek Golf course....

  • Beds5
  • Baths4.0
  • MLS160027387

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$369,900

25033 Poderio, Ramona

San Diego Country Estates beauty on large lot with sparking pool. Ceiling fans in all rooms, fireplace in family room, walk in in closet in master and 3 car garage.

  • Beds4
  • Baths2.0
  • MLS160026113

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$2,500,000

1659 Bella Laguna Court, Encinitas

HUGE home in gated community with awesome panoramic views!

  • Beds4
  • Baths5.0
  • MLS160026804

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$592,800

4034 Via De La Paz, Oceanside

4 bedroom, 2.5 bath home with pool and spa. Master bedroom features vaulted ceiling, fireplace and balcony with dual sinks, garden tub and separate shower in the bath. Ot...

  • Beds4
  • Baths3.0
  • MLS160026778

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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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