San Diego Foreclosure Properties

Interactive Foreclosure Map Search

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 payoff that is less than what is owed is referred to as a short sale or short pay.

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

$649,900

2 Beds ⋅ 2 Baths ⋅ NDP2408105 MLS ⋅ ACTIVE Status

Welcome home to this spacious open concept home. Enjoy family BBQ's in the large beautiful backyard with side access. Relax by the fireplace in those cold Winter nights. The master suite featers a large walk in closet and private bath. Upgrades include brand new carpet in both berdrooms, freshly painted throughout inside including garage . You will love the finished 2 car garage with a roll up door and possible extra storage. Low HOA fee currently $53.33/mo to cover Insurance. Unit is conveniently located to CSSMU, civic center, restaurants, shops and 78 fwy. Washer, Dryer and Fridge are included. Don't miss this opportunity! Come see it today!

450 Borden Road, San Marcos

$447,200

1 Beds ⋅ 1 Baths ⋅ ND24186578 MLS ⋅ ACTIVE Status

Downstairs, corner, serene unit, located in the wonderful "Mirabella" community. Mirabella offers a gated complex and underground parking, pool, spa, gym. Community Park, playing fields and courts, kids playground across the street. Shopping, grocery store, restaurants and high school near by. This property is subject to California Civil Code Section 2429p for the first 30 days of marketing. Eligible buyer offers will be considered within the first 30 days of marketing, all offers thereafter per CA Civil Code 2429p. All offers must be submitted by the buyers agent using the online offer management system. Access the system via the link in private remarks.

8662 New Salem Street Unit #79, Mira Mesa

$699,000

6 Beds ⋅ 4 Baths ⋅ 240021167 MLS ⋅ ACTIVE Status

FIXER. CONTRACTOR SPECIAL. INVESTOR OPPORTUNITY. 2nd Lender Foreclosed and now owns. Can assume current 1st loan for short period of time. Previous Owner called for Final Inspection but couldn't finish. Garage Floor needs to be broken out and re-poured with lightweight concrete. Concrete along street (front of house) needs to be broken out 10' and re-poured.Basement needs to be finished with shear walls, insulation. ROW (Right of Way) (Public Street Work) Sewer line was not inspected. Needs to be exposed, inspected, back-filled and new asphalt. Those are the expensive items, then there are lots of little items. Broker has complete list from late August 24, Building Inspector and from water department. On a clear day you get Ocean Peak View. Gigantic Basement "might" be great place for ADU?? No conventional, FHA, VA Financing until FINAL Sign Off. There is still a Hard Money 1st loan which can be assumed for a short period of time

1122 La Mesa Ave, Spring Valley

$469,000

2 Beds ⋅ 2 Baths ⋅ PTP2405161 MLS ⋅ ACTIVE Status

Charming condominium located in a quiet neighborhood. The included washer and dryer located inside full-size laundry closet. A private sunny yard just outside the kitchen allows for owner to grow a garden of fresh produce and herbs. This property is proximal to notable eateries, bakeries, shopping, and the famous Lakeside Rodeo. Gated entrances offer a sense of security to residents and visitors. Easy and quick access to freeways and main roads. Wonderful schools, parks, and lakes nearby. Amenities include a pool, jacuzzi, basketball court, and dog run.

12553 Mapleview Street Unit #23, Lakeside

$474,900

1 Beds ⋅ 1 Baths ⋅ PTP2403849 MLS ⋅ ACTIVE Status

Downtown San Diego, located 4 blocks from Petco Park in the Marina District. Very close to retail, dining, entertainment and he Gaslamp District.

330 J Street Street Unit #212, Downtown

Start Your Search

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 San Diego MLS®. 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 © 2024 San Diego MLS®,