Four Seasons Realty: California: San Diego: College Area

Hello and Welcome to ~College~ San Diego California Foreclosures, Bank Owned REO, 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.

Understanding the 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.  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 usally gives the homeowner 90 days to come current on the amound their 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 things 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 ~College~ San Diego and actually search Pre-Foreclosures in San Diego for free click the yellow map.

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 process is 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.  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 ~College~ San Diego 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 area 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 ~College~ San Diego 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.   Making Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in ~College~ San Diego click here.

Ultimately, the decision is yours and 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 ~College~ San Diego   click here.

We also attend the Foreclosure Auctions for ~College~ San Diego on a weekly basis and track virtually every Foreclosure property in San Diego County!

We look forward to hearing from you!

Hello and Welcome to San Diego Foreclosure properties. During the recent down turn San Diego home prices have experienced significant declines due to the overwhelming number of foreclosures and the tightening of credit. The region also faces pressure due to the recent rises in unemployment. So the question to ask, Is there opportunity to buy in this market? We believe the answer is Yes, but only with the right approach. The Here are some recent facts to consider: According to Dataquick, in the month of May, 2009 there were 3,094 sales in San Diego county which represents a 8% increase in sales volume over May of 2008. The median home price for San Diego has actually increased by 15,000 over the last 3 months to 295,000. The median home prices in San Diego for that same 1 year period have fallen by 22% to a median price for San Diego of 295,000 making San Diego as affordable as it’s been in years. Many value buyers are now stepping in to take advantage of the great prices because certain areas and price ranges are definitely starting to see stabilization. To learn more about foreclosures in San Diego, please click the yellow map above , where you can search all active foreclosure, short Sale, REO, and auction listings along with the entire San Diego county MLS. You can also sign up for our free Property watch service which will automatically keep you updated of any new listings that fit your guidelines or any price changes! We Look Forward to Hearing From you!

Hello and Welcome to College Area~ San Diego California Foreclosure Auction, Bank Owned REO, 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.

Understanding the 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.  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 usally gives the homeowner 90 days to come current on the amound their 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 things 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 College and actually search Pre-Foreclosures in College for free click the yellow map.

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 process is 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.  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 College 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 area 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 College 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.   Making Re Sales a great option as well.  To learn more about Re Sale Homes for Sale in College click here.

Ultimately, the decision is yours and 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 College click here.

We also attend the Foreclosure Auctions for College on a weekly basis and track virtually every Foreclosure property in San Diego County!

We look forward to hearing from you!

San Diego, CA, June 17, 2009.

Hello and Welcome to College~ San Diego California Homes for Sale, Foreclosures, Short Sales, REO's, and Real Estate.

 

At Four Seasons Realty we try to provide you with monthly updates of the recent sales activities per zip code along with the most recent Foreclosure data for the region, and for the state.   When searching for Real Estate it is important to have a feel for what is going on in your current market and surrounding area.  We try to make this easier for you by compiling the most recent information from several data sources.

Here are some important recent Sales statistics for the zip code of 92115 College, San Diego, California. 

College, in the month of April 2009 according to Data Quick there were a total of 68 sales figuring new, resale, and condo combined for a median sales price of 200,000 for the area.   This represents a 25.1 percent decline in prices from April of 2008, making some potential great opportunities to be discovered in the area.  To search all active listings, bank owned REO and short Sale listings in College click here.

When looking at the most recent foreclosure data for the month of May 2009 for San Diego County, we find the following according to Foreclosure Radar:  There were a total of 3,282 NOD's (Notice of Defaults, the first step of the Foreclosure process), there were a total of 3,294 NTS (Notice of Trustee Sale, the 2nd step), and there were 1,322 Sales at the auction (the 3rd step in the process).   To learn more about Foreclosures in San Diego County click here.

When looking at California as a whole regarding Foreclosure activity we find the following according to Foreclosure Radar.  Notice of defaults (first step in the foreclosure process) fell 4.2% from April to 40,870 filings.  Year over year filings were down 3.1 percent from May of 2008.

Notice of Trustee Sale filings reached a new record level in May with 41,959 filings representing a 42% increase from April.

Foreclosures taken to sale at auction reached 17,871, which represented a 31.9 percent increase from the previous month, but still much lower than a year ago.

The majority of sales that go to the foreclosure auction are still taken back by the lender and go into REO status.  REO status means (Real Estate Owned, by the bank or lender).

To search all active NOD's, NTS's, and Bank Owned REO properties for College, San Diego as a whole, and the entire state of California click here. 

We are one of the only Real Estate companies which attends the foreclosure auctions in person on a weekly basis.  We represent many buyers at these auctions and would love to talk with you further if you are interested in Foreclosure properties.   We also have a full service brokerage operation, so whether you are a buyer or a seller, we have the experience and know how to help you in your situation navigate through this challenging market.

To learn more about us in general please visit our website by clicking here.

We look forward to hearing from you.

To search properties directly you can also click the yellow search map below.