Four Seasons Realty: California: La Jolla

Hello and Welcome to Windansea~ La Jolla, San Diego California Foreclosure Auction Search, Bank Owned Foreclosure Homes for Sale & Real Estate.

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.  Once you understand the processes, you may find that it's right or not right for your current situation.

Understanding the process is the key, and here is how the process goes as a brief overview:

Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  Their current lender files with the County Recorders office a Notice of Default.  When this is filed, this information becomes a matter of public record.  When this notice is filed the lender usually gives the homeowner 90 days to come current on the amound they are past due.  During this period many homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship.  Both of these approaches often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit.  To learn more about Pre-Foreclosures in Windansea, La Jolla and actually search Pre-Foreclosures in Windansea, La Jolla for free click the yellow map.   If you may be facing a foreclosure on your current home, please feel free to contact us for a no obligation consultation of your situation.

Foreclosure Sale (Alo known as Notice of Trustee Sale).  The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues.  Although, most of the time this step is  being delayed currently.  Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located.  In this case, most auctions take place in Downtown, San Diego at the courthouse at 220 West Broadway.  Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check.  In many cases the winning bidder of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process.   However, even though its a riskier process, the reward can be great.  To learn more about Foreclosure Sales In Windansea and Search upcoming properties scheduled for Foreclosure click the yellow map below.

Bank Owned (REO).  Bank owned foreclosure properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale.  In this case, the current lender has to buy them back if there are no acceptable bids.  This can also be a great area for an investor, because in most all cases, the lender does not want to own these properties.  These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these.  You also don't have to pay cash on the spot for these homes and you will have time to do inspections.  To learn more about Bank Owned Foreclosure listings in Windansea click here.

Re-Sale Properties.  Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there.  This is actually not true in many cases.  Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market.  In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work.  Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards, that actually makes it the same deal as a re-sale.   This makes many Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in Windansea click here.

Ultimately, the decision should come down to what is right for you and your situation.  We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above.  To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in Windansea, La Jolla click here.

We also attend the Foreclosure Auctions for San Diego County on a weekly basis and track virtually every Foreclosure property in San Diego County!   If you are interested in buying at the auctions or Bank Owned Foreclosures, give me a call and I can walk you through the process over the phone!

We look forward to hearing from you!

Hello and Welcome to Torrey Pines~ La Jolla, San Diego California Foreclosure Auction Search, Bank Owned Foreclosure Homes for Sale & Real Estate.

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.  Once you understand the processes, you may find that it's right or not right for your current situation.

Understanding the process is the key, and here is how the process goes as a brief overview:

Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  Their current lender files with the County Recorders office a Notice of Default.  When this is filed, this information becomes a matter of public record.  When this notice is filed the lender usually gives the homeowner 90 days to come current on the amound they are past due.  During this period many homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship.  Both of these approaches often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit.  To learn more about Pre-Foreclosures in Torrey Pines, La Jolla and actually search Pre-Foreclosures in Torrey Pines, La Jolla for free click the yellow map.   If you may be facing a foreclosure on your current home, please feel free to contact us for a no obligation consultation of your situation.

Foreclosure Sale (Alo known as Notice of Trustee Sale).  The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues.  Although, most of the time this step is  being delayed currently.  Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located.  In this case, most auctions take place in Downtown, San Diego at the courthouse at 220 West Broadway.  Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check.  In many cases the winning bidder of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process.   However, even though its a riskier process, the reward can be great.  To learn more about Foreclosure Sales In Torrey Pines and Search upcoming properties scheduled for Foreclosure click the yellow map below.

Bank Owned (REO).  Bank owned foreclosure properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale.  In this case, the current lender has to buy them back if there are no acceptable bids.  This can also be a great area for an investor, because in most all cases, the lender does not want to own these properties.  These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these.  You also don't have to pay cash on the spot for these homes and you will have time to do inspections.  To learn more about Bank Owned Foreclosure listings in Torrey Pines click here.

Re-Sale Properties.  Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there.  This is actually not true in many cases.  Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market.  In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work.  Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards, that actually makes it the same deal as a re-sale.   This makes many Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in Torrey Pines click here.

Ultimately, the decision should come down to what is right for you and your situation.  We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above.  To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in Torrey Pines, La Jolla click here.

We also attend the Foreclosure Auctions for San Diego County on a weekly basis and track virtually every Foreclosure property in San Diego County!   If you are interested in buying at the auctions or Bank Owned Foreclosures, give me a call and I can walk you through the process over the phone!

We look forward to hearing from you!

Hello and Welcome to Muirlands~ La Jolla, San Diego California Foreclosure Auction Search, Bank Owned Foreclosure Homes for Sale & Real Estate.

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.  Once you understand the processes, you may find that it's right or not right for your current situation.

Understanding the process is the key, and here is how the process goes as a brief overview:

Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  Their current lender files with the County Recorders office a Notice of Default.  When this is filed, this information becomes a matter of public record.  When this notice is filed the lender usually gives the homeowner 90 days to come current on the amound they are past due.  During this period many homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship.  Both of these approaches often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit.  To learn more about Pre-Foreclosures in Muirlands, La Jolla and actually search Pre-Foreclosures in Muirlands, La Jolla for free click the yellow map.   If you may be facing a foreclosure on your current home, please feel free to contact us for a no obligation consultation of your situation.

Foreclosure Sale (Alo known as Notice of Trustee Sale).  The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues.  Although, most of the time this step is  being delayed currently.  Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located.  In this case, most auctions take place in Downtown, San Diego at the courthouse at 220 West Broadway.  Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check.  In many cases the winning bidder of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process.   However, even though its a riskier process, the reward can be great.  To learn more about Foreclosure Sales In Muirlands and Search upcoming properties scheduled for Foreclosure click the yellow map below.

Bank Owned (REO).  Bank owned foreclosure properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale.  In this case, the current lender has to buy them back if there are no acceptable bids.  This can also be a great area for an investor, because in most all cases, the lender does not want to own these properties.  These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these.  You also don't have to pay cash on the spot for these homes and you will have time to do inspections.  To learn more about Bank Owned Foreclosure listings in Muirlands click here.

Re-Sale Properties.  Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there.  This is actually not true in many cases.  Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market.  In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work.  Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards, that actually makes it the same deal as a re-sale.   This makes many Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in Muirlands click here.

Ultimately, the decision should come down to what is right for you and your situation.  We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above.  To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in Muirlands, La Jolla click here.

We also attend the Foreclosure Auctions for San Diego County on a weekly basis and track virtually every Foreclosure property in San Diego County!   If you are interested in buying at the auctions or Bank Owned Foreclosures, give me a call and I can walk you through the process over the phone!

We look forward to hearing from you!

Hello and Welcome to Black Horse~ La Jolla, San Diego California Foreclosure Auction Search, Bank Owned Foreclosure Homes for Sale & Real Estate.

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.  Once you understand the processes, you may find that it's right or not right for your current situation.

Understanding the process is the key, and here is how the process goes as a brief overview:

Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  Their current lender files with the County Recorders office a Notice of Default.  When this is filed, this information becomes a matter of public record.  When this notice is filed the lender usually gives the homeowner 90 days to come current on the amound they are past due.  During this period many homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship.  Both of these approaches often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit.  To learn more about Pre-Foreclosures in Black Horse, La Jolla and actually search Pre-Foreclosures in Black Horse, La Jolla for free click the yellow map.   If you may be facing a foreclosure on your current home, please feel free to contact us for a no obligation consultation of your situation.

Foreclosure Sale (Alo known as Notice of Trustee Sale).  The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues.  Although, most of the time this step is  being delayed currently.  Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located.  In this case, most auctions take place in Downtown, San Diego at the courthouse at 220 West Broadway.  Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check.  In many cases the winning bidder of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process.   However, even though its a riskier process, the reward can be great.  To learn more about Foreclosure Sales In Black Horse and Search upcoming properties scheduled for Foreclosure click the yellow map below.

Bank Owned (REO).  Bank owned foreclosure properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale.  In this case, the current lender has to buy them back if there are no acceptable bids.  This can also be a great area for an investor, because in most all cases, the lender does not want to own these properties.  These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these.  You also don't have to pay cash on the spot for these homes and you will have time to do inspections.  To learn more about Bank Owned Foreclosure listings in Black Horse click here.

Re-Sale Properties.  Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there.  This is actually not true in many cases.  Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market.  In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work.  Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards, that actually makes it the same deal as a re-sale.   This makes many Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in Black Horse click here.

Ultimately, the decision should come down to what is right for you and your situation.  We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above.  To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in Black Horse, La Jolla click here.

We also attend the Foreclosure Auctions for San Diego County on a weekly basis and track virtually every Foreclosure property in San Diego County!   If you are interested in buying at the auctions or Bank Owned Foreclosures, give me a call and I can walk you through the process over the phone!

We look forward to hearing from you!

Hello and Welcome to Bird Rock~ La Jolla, San Diego California Foreclosure Auction Search, Bank Owned Foreclosure Homes for Sale & Real Estate.

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.  Once you understand the processes, you may find that it's right or not right for your current situation.

Understanding the process is the key, and here is how the process goes as a brief overview:

Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  Their current lender files with the County Recorders office a Notice of Default.  When this is filed, this information becomes a matter of public record.  When this notice is filed the lender usually gives the homeowner 90 days to come current on the amound they are past due.  During this period many homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship.  Both of these approaches often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit.  To learn more about Pre-Foreclosures in Bird Rock, La Jolla and actually search Pre-Foreclosures in Bird Rock, La Jolla for free click the yellow map.   If you may be facing a foreclosure on your current home, please feel free to contact us for a no obligation consultation of your situation.

Foreclosure Sale (Alo known as Notice of Trustee Sale).  The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues.  Although, most of the time this step is  being delayed currently.  Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located.  In this case, most auctions take place in Downtown, San Diego at the courthouse at 220 West Broadway.  Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check.  In many cases the winning bidder of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process.   However, even though its a riskier process, the reward can be great.  To learn more about Foreclosure Sales In Bird Rock and Search upcoming properties scheduled for Foreclosure click the yellow map below.

Bank Owned (REO).  Bank owned foreclosure properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale.  In this case, the current lender has to buy them back if there are no acceptable bids.  This can also be a great area for an investor, because in most all cases, the lender does not want to own these properties.  These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these.  You also don't have to pay cash on the spot for these homes and you will have time to do inspections.  To learn more about Bank Owned Foreclosure listings in Bird Rock click here.

Re-Sale Properties.  Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there.  This is actually not true in many cases.  Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market.  In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work.  Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards, that actually makes it the same deal as a re-sale.   This makes many Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in Bird Rock click here.

Ultimately, the decision should come down to what is right for you and your situation.  We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above.  To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in Bird Rock, La Jolla click here.

We also attend the Foreclosure Auctions for San Diego County on a weekly basis and track virtually every Foreclosure property in San Diego County!   If you are interested in buying at the auctions or Bank Owned Foreclosures, give me a call and I can walk you through the process over the phone!

We look forward to hearing from you!

Hello and Welcome to La Jolla~ San Diego California Foreclosure Auction Search, Bank Owned Foreclosure Homes for Sale & Real Estate.

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.  Once you understand the processes, you may find that it's right or not right for your current situation.

Understanding the process is the key, and here is how the process goes as a brief overview:

Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  Their current lender files with the County Recorders office a Notice of Default.  When this is filed, this information becomes a matter of public record.  When this notice is filed the lender usually gives the homeowner 90 days to come current on the amound they are past due.  During this period many homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship.  Both of these approaches often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit.  To learn more about Pre-Foreclosures in La Jolla and actually search Pre-Foreclosures in La Jolla for free click the yellow map.   If you may be facing a foreclosure on your current home, please feel free to contact us for a no obligation consultation of your situation.

Foreclosure Sale (Alo known as Notice of Trustee Sale).  The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues.  Although, most of the time this step is  being delayed currently.  Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located.  In this case, most auctions take place in Downtown, San Diego at the courthouse at 220 West Broadway.  Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check.  In many cases the winning bidder of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process.   However, even though its a riskier process, the reward can be great.  To learn more about Foreclosure Sales In La Jolla and Search upcoming properties scheduled for Foreclosure click the yellow map below.

Bank Owned (REO).  Bank owned foreclosure properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale.  In this case, the current lender has to buy them back if there are no acceptable bids.  This can also be a great area for an investor, because in most all cases, the lender does not want to own these properties.  These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these.  You also don't have to pay cash on the spot for these homes and you will have time to do inspections.  To learn more about Bank Owned REO listings in La Jolla click here.

Re-Sale Properties.  Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there.  This is actually not true in many cases.  Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market.  In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work.  Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards, that actually makes it the same deal as a re-sale.   This makes many Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in La Jolla click here.

Ultimately, the decision should come down to what is right for you and your situation.  We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above.  To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in La Jolla click here.

We also attend the Foreclosure Auctions for San Diego County on a weekly basis and track virtually every Foreclosure property in San Diego County!   If you are interested in buying at the auctions or Bank Owned Foreclosures, give me a call and I can walk you through the process over the phone!

We look forward to hearing from you!

Short Sale Process Explained - La Jolla California - Short Sale My Home

Do you think you are in a potential short sale situation?  Do you know your options?   You do have them...

Overview:   Short sales typically occur when a borrower is in a situation where the home is worth less than what is owed to the lender on the property.   In some cases depending on the borrowers situation, the lender may approve a short sale which allows the property to be sold for less than the amount owed.   In this case the lender approves the short sale and takes less, and the borrower is no longer responsible to pay the loan.   In some cases the lender can ask that the borrower take back a loan to pay the deficiancy amount between what was owed and what the property sold for.   However, in many cases, this can be avoidable and the borrower can walk away and in return the lender can sell the home and get their money out.    

The Process:   The Short sale process unfortunately can take some time, 2 to sometimes 6 months.   The bank will want to review the borrowers situation, see that there has been some form of hardship, the lender will want the property to be listed on the market by a Real Estate agent, and will want to review offers.   Once an offer is received for the property, the bank will then usually order an appraisal.   Once the lender reviews the appraisal, the offer, and the client's paperwork, the lender will then either approve or deny the short sale.    If the short sale is approved, the lender will usually issue a short sale approval letter.   This letter will outline the price the lender will accept and terms.   It usually will always have an expiration date to which a new approval will have to then be rendered or they may cancel the short sale all together.   To learn more about the short sale process click here.

Who may qualify?:  Typically people who are in some form of financial hardship or have had some change in income or assets who no longer can financially afford to pay the loan may qualify for a short sale.   If you may be in a situation like this, you owe it to yourself to give us a call, we may be able to help.

How does this help or hurt my situation?:   While performing a short sale may have an adverse effect on your current credit situation; the short to long term benefits may highly outweigh it going to foreclosure.   Foreclosures effect you for up to 7 years, while in many cases, you can recover from a short sale much quicker!  

What if I have been declined for a loan mod?   Many borrowers have tried to do loan modifications without much success.    If you have been declined for a loan modification, this does not mean you wouldn't get approved for a short sale.  It may be that your income has changed since you bought the home that they declined the loan modification, however this could be a good sign that they would approve a short sale due to the hardship financially.

What are the next steps?:  The first step is to contact us.   We can give you a no obligation consultation regarding your current situation to see if a short sale may be right for you.   We are highly experienced in handling short sales and are we are standing by ready to help!   Don't wait til it's too late!   Call us or click here.

If you are interested in purchasing short sales in La Jolla or other cities you can view all active short sale listings on our website by clicking here.

Buying Foreclosures at the Auction Vs. Buying Bank Owned REO Homes for Sale.   Which is the better deal?  The answer usually lies in what is best for your situation...  Below is some information to help you determine whats right for you...

When we look at the current Real Estate environment it can be overwhelming with all the headlines in the news.  Everyone has a different opinion of where the good deals are and how to find them or where the economy or housing market is headed.

We have clients call us all the time wanting to buy foreclosures, short sales, or REO's because they think the thought of them automatically sound like a good buy!    However, is this true?   Lets first have an understanding of what they are and the differences of each.

Foreclosures and Short Sales can be great buys if you know how to find them and how the process of buying them works.

Short Sales: Are properties that are in default, meaning the current owner is at least 3 months behind on their mortgage or more.   Short sale's require the lender approve the sale if the amount the property is selling for is less than what is owed.   I recommend these to our clients when it is a property that they absolutely love and are willing to wait on.   Many times it can take 3 to 6 months to get the lender to approve a short sale, and even though its under contract between the buyer and the current seller, the lender can still say no in the end!   If its a property that the buyer isn't that crazy about, they are probably not worth the time and effort.   However, sometimes waiting and being patient, can not only get you a great deal, but a great home that you love all in one.   To learn more about short sales and to search all available short sales in La Jolla click here.

Foreclosures scheduled for Auction:  We actually attend the Foreclosure auctions on a weekly basis.  They are either held downtown San Diego on the courthouse steps or in El Cajon.  These properties are ones that the lender was not able to work out a viable solution for the current homeowner by either refinancing them, modifying their loan, or facilitating a short sale.   In this case, they take them to the foreclosure auction to offer them up for sale to 3rd party investors.   There can be a lot of great deals to be had at these sales if you really do your homework and are diligent in your efforts.    Some important things to note about these sales:

• You have to pay cash on the spot if you are the winning bidder (Via Certified Cashiers Check)
• You can't buy Title Insurance, which protects you against any unknown or past liens
• The properties are sold in completely "as is" condition
• Many times the properties are still occupied by the current owners or tenant and it is up to the new buyer to handle the eviction process at this point
• Many times if the property is occupied before the foreclosure auction it is impossible to inspect these properties up front

These items listed above could really come back to haunt you if you don't thoroughly do your homework, however they also many times allow for great opportunities.   To learn more about upcoming foreclosure auctions, and to track upcoming foreclosures in La Jolla and other San Diego County cities click here.

Bank Owned REO Homes for Sale:  This is an area in the current market place that I think can have tremendous opportunities for buyers.   These properties have gone through the foreclosure process and are now owned by the bank alone.   The banks traditionally don't like to own these homes because it ties up money that they could be using to lend.   Usually offers on bank owned homes for sale are responded to quickly and you don't have the time of waiting around for months to hear back like you do with short sales.   Here are some important bullet points about Bank Owned REO Homes for Sale:

• In most cases you can use traditional financing on these properties just like you would with buying a Resale or New Home.
• You can also inspect the property thoroughly up front and have appraisals, termite inspections, home inspections, etc, performed in advance before closing.
• You can buy title insurance.  Unlike with foreclosure auctions, Bank owned homes for sale allow you to protect yourself and buy the property with clean title.
• The last owner or tenants have already been evicted and the properties are vacant.
• The banks are motivated to sell.

I believe that in many cases bank owned REO Homes for Sale are just as good of a deal as Short Sales or Foreclosure Auctions.   It still comes back to your personal situation and your risk tolerance for what is right for you.   If you are looking at this as an investment, but its also a home that you and your family are going to live in, than I would suggest a bank owned REO home, a Resale home, or potentially even a short sale.   If you are a saavy investor, you don't plan on living in the home, and you have a higher risk tolerance, than maybe buying at the Foreclosure Auction is the solution for you.   Either way, we can help you make that decision easier for you.    To learn more about Bank Owned REO Homes for Sale and actually search available bank Owned Homes in La Jolla and other San Diego County Cities click here!

We have put together a fully integrated Real Estate website which will allow you to search all of these properties that we have talked about above, all in one place.   You can search properties throughout the entire San Diego County MLS, save properties, request showings, print fliers, track foreclosures, etc, all for free.   All we ask in return is the opportunitiy to be of service to you or someone you know in helping them find their next home.   Give us a call or visit us here.

We look forward to hearing from you!

Hello and Welcome to La Jolla California Free Foreclosure Auction Search, Bank Owned REO, Short Sales, and Homes for Sale.

November 10th, 2009

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding.  Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone?   We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.

Here are some of the latest statistics from Foreclosure Radar hot off the press for September 2009.  If you are unfamiliar with some of the following terms please read below for further explanations.

• Notice of Defaults for California rose by 1.08% to 37,417 filings.
• Notice of Trustee Sale dropped by 5.10% from August to 32,457 filings.
• A total of 13,123 foreclosures were taken to Sale at auction.
• The opening bids set by lenders were an average of 33.9 percent lower than the loan balance, with 46% of sales being discounted of 50% or more.
• Nearly 91 percent of foreclosure sales in September were for loans that were made between January 2005 and December 2007.
• In the month of June San Diego had 2,769 Notice of Default Filings, 2,520Notice of Sale filings, and 290 sales to 3rd parties.

Understanding the overall process is the key, and here is how the process goes as an overview:

Pre-Foreclosure (Also known as Notice of Default).  Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage.  Under the new California Foreclosure moratorium lenders have an extra 90 days in which they are supposed to aggresively pursue loan modifications with those current home owners who qualify.  The current lender files with the County Recorders office a Notice of Default.  When this is filed, this information becomes a matter of public record.  When this notice is filed the lender usually gives the homeowner 90 days to come current on the amount they are past due.  During this period a good amount of homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship.  Both of these options often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit.  To learn more about Pre-Foreclosures in La Jolla and actually search all Pre-Foreclosures in La Jolla for free click the yellow map.

Foreclosure Sale (Also known as Notice of Trustee Sale).  The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues.  Although, these days this process is delayed most of the time.  Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located.  In this area, most auctions take place in Downtown, San Diego.  Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check.  Many times the buyer of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process.   However, even though its a riskier process, the reward can be great.  To learn more about Foreclosure Sales In La Jolla and Search upcoming properties scheduled for Foreclosure click the yellow map below.

Bank Owned (REO).  Bank owned properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale.  In this case, the current lender has to take them back if there are no acceptable bids.  This can also be a great option for an investor because in a lot of cases, the lender does not want to own these properties.  These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these.  To learn more about Bank Owned REO listings in La Jolla and search all available inventory click the yellow map below.

Re-Sale Properties.  Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there.  This is actually not true in many cases.  Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market.  In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, that doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work.  Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards that actually makes it the same deal as a re-sale.   This makes Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in La Jolla and search available inventory click the yellow map below.

We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above.  To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in La Jolla click here.

We also attend the Foreclosure Auctions for San Diego on a weekly basis and track virtually every Foreclosure property in San Diego County and would be happy to talk with you about your needs further. 

We Look forward to hearing from you!

The latest data and sales statistics were provided by Foreclosure Radar.

Hello and Welcome to La Jolla California~Sell my Home~ List my Home ~Short Sale~ Realtors~ Listings Agents.

Are you looking to potentially Sell or list your home in La Jolla California in this market?   Here are some imporant points to think of when looking for the right listing agent or Real Estate company in this market.  Most of the time the reason a home will sell quickly is marketing over price.   Having the right marketing strategy to sell your home quickly and for top price is crucial these days.  There is a good chance the reason you are reading this is because you found us on one of the top pages on one of the major search engines below:  This could be your home that people are finding on the top pages!

It is of the utmost importance these days to find a Realtor with a solid internet strategy.  According to many studies, close to 85% of people start searching for their next home purchase online.   This means it is very important to have a listing agent that has a very strong online marketing strategy and background to sell your home.   Your Listed Home should be Found on one of the top spots of Google, Yahoo, or Bing, and syndicated to many other top sites! Most listing agents have no idea how to aggresively pursue a strong online marketing campaign.  We score on the first page of Google and other search engines  for hundreds of categories and seach terms.  When many potential buyers can easily find your home online, the chances of them coming to see it are much greater!  We also syndicate our listings on many of the top Real Estate sites such as Zillow, Realtor.com, Homes.com, Craigslist, Sandicor, Popular blogs, Facebook, Twitter, Youtube, Four Seasons Realty Website, etc, to get the maximum amount of exposure to sell your home quickly and for top dollar..

It is important to find a Realtor to List your home who personally works with many active buyers.   Working with active buyers is a very important step in this market.  In a good economy, Realtor's can take listings, put them on the MLS, type up a few flyers and sit back and wait for other agents to bring them offers.   Many Realtors are strictly listing agents and don't actively look for buyers on their own.   They just try to price the property so aggresively that it will get a lot of activity, but a solid marketing campaign along with working with active buyers can help get you a much higher return when selling your home.   At Four Seasons Realty we are currently working with several hundred pre-approved buyers which include many in La Jolla California and we would love to talk to you further about listing your home and bringing one of our qualified buyers to you.  To learn about our active buyers for La Jolla California click here.

Short Sale Listings:  This is another step in which it is very important to work with a specialist who is familiar with the short sale process.   If you are potentially in this situation, you definitely want an agent who understands how to work with the banks directly, knows what paperwork they will require, and how to push through to get a deal done.   Most agents fail at short sale listings because they are not familiar with the process.   We have succesfully closed a very high percentage of short sale properties we have taken on due to our background and knowledge of working with the banks directly and staying on top of them.   If you may potentially be in a short sale situation, we would be happy to speak with you further, please call or visit us here.

For a free consultation and proposal of our marketing strategy for listing and selling your home, please call us at 858-380-2005 and ask for Cody.   I will be happy to show you some of our Google results, discuss our marketing strategy, and run a free Market analysis on listing and selling your home.   Who know's, I may already have a qualified buyer for your home who's ready to write you an offer!   I look forward to hearing from you soon.   To visit me online, please click here.