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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 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

29572 Meadow Gln W, Escondido
$1,699,999
5 Beds ⋅ 5 Baths ⋅ CV26216963 MLS ⋅ ACTIVE Status
Welcome to 29572󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 Meadow Glen Way West, a five-bedroom, five-bath estate of about 4,158 square feet in the exclusive, guard-gated community of Rimrock, high above North Escondido in the Hidden Meadows hills. Past the gate, Meadow Glen Way West is a quiet street of custom homes, long drives, granite boulders, and acre-style privacy that is hard to find this close to San Diego. From the backyard, the view opens across the valley and ridgelines to the Pacific, with San Clemente Island visible on a clear day and city lights after dark. A beautiful infinity pool sits against that horizon, so the water seems to drop toward the island. It is a private resort setting for morning swims, sunset drinks, and easy entertaining without leaving the property. Inside, five bedrooms and five baths give the house real range for family and guests. An open flow draws the eye to the views, with generous living space, a kitchen built for hosting, and a private primary suite with a spa-caliber bath. Secondary rooms work easily as an office, media room, or guest quarters. Rimrock sits minutes from the Lawrence Welk area, golf, and the I-15 corridor, about a half hour from North County beaches and an easy drive to the airport and coast. You get the guard gate, the elevation, the infinity pool, and an ocean view without giving up San Diego. Schedule a private showing Welcome to 29572 Meadow Glen Way West, a five-bedroom, five-bath estate of about 4,158 square feet in the exclusive, guard-gated community of Rimrock, high above North Escondido in the Hidden Meadows hills. Past the gate, Meadow Glen Way West is a quiet street of custom homes, long drives, granite boulders, and acre-style privacy that is hard to find this close to San Diego. From the backyard, the view opens across the valley and ridgelines to the Pacific, with San Clemente Island visible on a clear day and city lights after dark. A beautiful infinity pool sits against that horizon, so the water seems to drop toward the island. It is a private resort setting for morning swims, sunset drinks, and easy entertaining without leaving the property. Inside, five bedrooms and five baths give the house real range for family and guests. An open flow draws the eye to the views, with generous living space, a kitchen built for hosting, and a private primary suite with a spa-caliber bath. Secondary rooms work easily as an office, media room, or guest quarters. Rimrock sits minutes from the Lawrence Welk area, golf, and the I-15 corridor, about a half hour from North County beaches and an easy drive to the airport and coast. You get the guard gate, the elevation, the infinity pool, and an ocean view without giving up San Diego. Schedule a private showing

29572 Meadow Gln W, Escondido

3985 Clark St, Mission Hills
$2,500,000
3 Beds ⋅ 4 Baths ⋅ 260024104 MLS ⋅ ACTIVE Status
Positioned above Mission󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 Hills Open Space Park and the scenic Robyn's Egg Trail in the coveted enclave of Mission Hills, designed by Safdie Rabines Architects, 3985 Clark Street is an architectural sanctuary of contemporary modern design. Infused with a distinct mid-century sensibility, the residence is defined by clean volume, expansive glass, and precise stainless steel detailing. Encompassing 2,207 square feet (per plans), the home is thoughtfully composed of three private en-suite bedrooms and a main-level powder room. The primary living spaces are anchored by a visionary chef’s kitchen, appointed with premium sub-zero refrigeration and a substantial island crafted for gathering. Expansive glass walls retract in both the main living area and the primary suite, seamlessly dissolving the boundary between interior refinement and the spectacular natural environment. Flowing directly from the kitchen and living area, a sprawling 628-square-foot terrace overlooks the canyon topography, providing an unparalleled venue for grand-scale al fresco entertaining. The primary suite serves as an ultimate private retreat, extending onto its own 235-square-foot terrace that frames captivating vistas of the sweeping canyon and Point Loma. Offering profound serenity just moments from San Diego's vibrant urban core, this property is a rare modern offering in a highly coveted historic neighborhood. Discover a flawless balance of architectural elegance and natural stillness—a true sanctuary that invites you to simply exhale. Architectural Brilliance Above the Canyon | 3985 Clark Street The Vision: Situated above a sweeping, postcard-perfect canyon in the highly coveted enclave of prime Mission Hills, 3985 Clark Street stands as a testament to uncompromising contemporary design infused with a distinct mid-century vibe. This expertly conceived residence captures the essence of premier Southern California living, offering an atmosphere of profound tranquility and supreme privacy just moments from the vibrant heart of San Diego. The Architecture: A striking facade of crisp stucco and sleek stainless steel detailing announces this modern marvel. Inside, the residence reveals a meticulous devotion to clean lines, volume, and abundant natural light. The architectural metal and stainless accents echo throughout the interior, perfectly complementing the home's minimalist yet warmly inviting aesthetic. In both the primary suite and the main living areas, striking glass walls step back to create a seamless connection between the impeccably designed interior and exterior perfection, allowing the spectacular canyon vistas to serve as dynamic, ever-changing artwork. The Experience: Spanning 2,207 square feet (per plans), the home is thoughtfully designed with three private en-suite bedrooms and a convenient half-bath on the main level. The open-concept main living areas are anchored by a large, visionary chef’s kitchen, designed for the culinary enthusiast with premium sub-zero refrigeration, wine storage and a generous entertaining island. Flowing effortlessly from the living and kitchen areas is an expansive terrace overlooking the dramatic canyon, creating an extraordinary venue for premier entertaining. Here, guests can gather where morning espresso is accompanied by coastal breezes, and evenings are illuminated by sunset hues cascading down the canyon walls. The primary suite serves as an ultimate private retreat, opening directly onto its own expansive deck that frames striking views of Point Loma.

3985 Clark St, Mission Hills

520 S Anza St, El Cajon
$387,500
2 Beds ⋅ 2 Baths ⋅ NDP2609203 MLS ⋅ ACTIVE Status
Well-maintained 2-bedroom, 1.5-bath󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 townhome located in a quiet El Cajon gated community. This light and bright end unit features tile flooring throughout the downstairs and carpet upstairs, central heating and air conditioning, and in-unit laundry room with washer and dryer. The spacious living area flows into the dining space and kitchen, which is equipped with stainless steel appliances, including a refrigerator, range/oven and wine refrigerator. Both bedrooms are located upstairs with a shared full bathroom, while a convenient half bath is located on the main level. Enjoy outdoor living in the private, gated patio with low-maintenance turf, ideal for relaxing or entertaining. Assigned parking included. HOA covers water, trash, and common area maintenance. Conveniently located near shopping, dining, and freeway access an excellent opportunity for first-time buyers or investors. Well-maintained 2-bedroom, 1.5-bath townhome located in a quiet El Cajon gated community. This light and bright end unit features tile flooring throughout the downstairs and carpet upstairs, central heating and air conditioning, and in-unit laundry room with washer and dryer. The spacious living area flows into the dining space and kitchen, which is equipped with stainless steel appliances, including a refrigerator, range/oven and wine refrigerator. Both bedrooms are located upstairs with a shared full bathroom, while a convenient half bath is located on the main level. Enjoy outdoor living in the private, gated patio with low-maintenance turf, ideal for relaxing or entertaining. Assigned parking included. HOA covers water, trash, and common area maintenance. Conveniently located near shopping, dining, and freeway access an excellent opportunity for first-time buyers or investors.

520 S Anza St, El Cajon

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