Four Seasons Realty: California: San Diego: Downtown

The San Diego Foreclosure Auction, Short Sale, and Bank Owned Foreclosure Process explained. 

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 San Diego county and actually search Pre-Foreclosures (Short Sales) in San Diego county 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 difficult and lengthy process.   However, even though its a riskier process, the reward can be great.  To learn more about Foreclosure Sales In San Diego County 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 San Diego county or specific cities click here.

Re-Sale Properties (Traditional Sales).  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 San Diego County click the yellow map below.

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 San Diego county and surrounding areas 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, a short sale, 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!

So whats the deal with this market?   Is it a good time to be selling?   Is it a good time to be buying?   Let's look as some recent numbers and see...

As we can see from the above chart is a clear sign of improvement and stabilization.   Although foreclosure numbers are still high and will probably continue to be for some time; the market has responded with higher sales volumes and higher median sales prices.   This is in part due to the current tax credits and historically low interest rates, however it is definitely trending in the right way.

So, are we out of the woods?   I don't know.   However, it sure looks better than what it was two years and a year ago.   The market definitely was due for a correction, however it is showing strong signs of an early recovery.   With prices starting to climb and sales volumes higher, this could make for a great time to sell a property or to buy one as well.   Timing is everything with Real Estate and the numbers I have been watching appear to show that now could be a good time to make a move.

To learn more about homes in San Diego county and other San Diego cities, please visit us at www.fourseasrealty.com where you can search all available properties in San Diego along with Foreclosures, Short Sales, and Bank owned REO properties.

If you are thinking of selling, we would love to give you a no obligation market analysis and share with you our marketing plan to sell you home!   If you are interested, please call 858-380-2005 or email us today!

San Diego California Daily Foreclosure Auction Results - Bank Owned Homes for Sale

This is your resource for daily numbers from the Downtown San Diego Foreclosure Auction.   We want to bring you a brief summary daily of the results at the auction for Downtown San Diego which handles sales throughout the entire county.

The foreclosure auction sales are open to the public on a daily basis and they usually start at 10am every weekday, excluding holidays and are held at 220 West Broadway, San Diego, Ca.  There is also an auction held in El Cajon daily, but these numbers are from the Downtown Auction.   I attend these auctions on a regular basis and would be happy to provide you additional insight into buying properties at them, just contact me direct.   To track upcoming homes going up for sale at the auctions click here.

Here is an overview of the days numbers for Thursday January 21st, 2010.

Total Properties up for Sale      Cancelled     Postponed        Sold to 3rd Party      Back to Bank

    426                                         50                 348                  11                              17

Percentage sold to 3rd party: 3%

Percentage going back to lenders: 4%

Percentage Postponed: 82%

You will obviously notice from these numbers that the majority are being postponed or cancelled until some date in the future.    You will also notice of the 18 sold, 12 of them went back to the bank.   These homes will now become bank owned homes or (REO) inventory.   The bank usually will then evict the current owner or tenant and then put the properties up for sale with a local Real Estate company.   To search current Bank Owned Homes for sale in San Diego County click here.

Of the properties that sold to 3rd party investors here is what we find:

Sold to 3rd party (Sales Price)        Amount that was owed to lender(s)     Salesprice/LoanAmount

$187,000                                              $362,021                                                          52%

$337,500                                              $402,206                                                          82%

$272,210                                              $355,132                                                          77%

$310,200                                              $558,324                                                          56%

$381,100                                              $469,402                                                          81%

$176,500                                              $375,934                                                          47%

$244,000                                              $450,377                                                          54%

$216,200                                              $383,784                                                          56%

$232,200                                              $442,351                                                          52%

$125,000                                              $228,093                                                          55%

As you can see from above, of the properties the banks took to auction and sold to 3rd party investors, they are taking a pretty large discount from what they are owed.   However, as we can see from the numbers, the majority are still being delayed until some date in the future.   Banks will delay properties for multiple reasons as many times they are working something out with the current owner, entertaining short sale offers, or just delaying it for their own internal reasons.   However, you can clearly see the bottleneck of properties that are being delayed.   Many times we find that the properties that go back to the lenders become great investment opportunities as well for a myriad of reasons.   To find out more about and search bank owned homes for sale click here.

As I mentioned above, we attend the foreclosure auctions on a weekly basis.  If you have questions about them, please feel free to call or email and I will give you an overview of how the process works to find out if its right for you.   There can be great benefits of buying at these auctions, but it's not right for everyone.  Sometimes a Bank Owned Home, a Resale, or Short sale can be a better fit for you and still a great buy!

From our website you can search all Pre-Foreclosure, Short sale, Foreclosure, Resale, and Bank Owned Listings for free!   You can also sign up for our Property Watch Service which will automatically keep you updated of any new listings that fit your guidelines 24 hours a day!   All this is free to you, all we ask is the opportunity to be of service to you or someone you know in the future!  

I look forward to hearing from you soon!

View Results from 1/20/2010

San Diego California Daily Foreclosure Auction Results - Bank Owned Homes for Sale

This is your resource for daily numbers from the Downtown San Diego Foreclosure Auction.   We want to bring you a brief summary daily of the results at the auction for Downtown San Diego which handles sales throughout the entire county.

The foreclosure auction sales are open to the public on a daily basis and they usually start at 10am every weekday, excluding holidays and are held at 220 West Broadway, San Diego, Ca.  There is also an auction held in El Cajon daily, but these numbers are from the Downtown Auction.   I attend these auctions on a regular basis and would be happy to provide you additional insight into buying properties at them, just contact me direct.   To track upcoming homes going up for sale at the auctions click here.

Here is an overview of the days numbers for January 20th, 2010.

Total Properties up for Sale           Cancelled             Postponed        Sold to 3rd Party      Back to Bank

            180                                          25                        137                         6                                  12

Percentage sold to 3rd party: 3%

Percentage going back to lenders: 7%

Percentage Postponed: 76%

You will obviously notice from these numbers that the majority are being postponed or cancelled until some date in the future.    You will also notice of the 18 sold, 12 of them went back to the bank.   These homes will now become bank owned homes or (REO) inventory.   The bank usually will then evict the current owner or tenant and then put the properties up for sale with a local Real Estate company.   To search current Bank Owned Homes for sale in San Diego County click here.

Of the properties that sold to 3rd party investors here is what we find:

Sold to 3rd party (Sales Price)            Amount that was owed to lender(s)             Sales price/LoanAmount

$259,000                                              $398,283                                                          65%

$303,400                                              $597,174                                                          51%

$315,000                                              $534,092                                                          59%

$468,200                                              $692,896                                                          68%

$340,812                                              $527,300                                                          65%

$187,100                                              $515,359                                                          36%

As you can see from above, of the properties the banks took to auction and sold to 3rd party investors, they are taking a pretty large discount from what they are owed.   However, as we can see from the numbers, the majority are still being delayed until some date in the future.   Banks will delay properties for multiple reasons as many times they are working something out with the current owner, entertaining short sale offers, or just delaying it for their own internal reasons.   However, you can clearly see the bottleneck of properties that are being delayed.   Many times we find that the properties that go back to the lenders become great investment opportunities as well for a myriad of reasons.   To find out more about and search bank owned homes for sale click here.

As I mentioned above, we attend the foreclosure auctions on a weekly basis.  If you have questions about them, please feel free to call or email and I will give you an overview of how the process works to find out if its right for you.   There can be great benefits of buying at these auctions, but it's not right for everyone.  Sometimes a Bank Owned Home, a Resale, or Short sale can be a better fit for you and still a great buy!

From our website you can search all Pre-Foreclosure, Short sale, Foreclosure, Resale, and Bank Owned Listings for free!   You can also sign up for our Property Watch Service which will automatically keep you updated of any new listings that fit your guidelines 24 hours a day!   All this is free to you, all we ask is the opportunity to be of service to you or someone you know in the future!  

I look forward to hearing from you soon!

San Diego California see's large declines in foreclosures at the auctions and overall activity.

January 20th, 2010.

Real Estate Silver lining or still too early to tell? Lets look at the numbers of the recent activity to see...

December 2009 Foreclosure, REO, and Short Sale update.

According to Foreclosure Radar (A service which tracks every single foreclosure daily in the state of California) in the month of December Foreclosure notices in the state of California saw a large decline.  Notices of Defaults dropped 17.5 percent from the prior month.   However, these numbers are still much higher than the same period of December, 2008, but still the numbers seem to be trending in the right direction.

Sales to third party investors at San Diego auctions were 237 properties, which was down from 332 in November .  According to estimates foreclosure sales sold to third party investors at an average of a 18.6% discount from estimated market value.    This is definitely a declining margin from previous months as banks are coming in higher on their opening bids which is causing a good number of the properties to go back to the banks with no bids from investors.

We have also noticed the banks are not cutting their opening bids to discounted levels as often as they had in the past.

Although it's too early to tell if this will be a trend its important information to consider and keep an eye on.

Some important bullet points to consider:

• Notice of defaults still remain at close to record highs, however the trend is moving the right way.  To search Pre-Foreclosure Properties in San Diego California and other San Diego county cities click here.

• Nearly 90 percent of the foreclosed loans for the month of December were originated between January of 2005 and December of 2007.

• Lenders took back roughly 814 foreclosures in San Diego County in December in which no third party bid was received.  These properties become REO inventory (Real Estate Owned), and then are usually listed with Real Estate agents or sold at third party auctions.  To search current REO inventory in San Diego California and other San Diego county cities click here.

• The percentage of total properties sold at foreclosure auction still remains pretty low compared to the overall amount of homes for sale going through the auction at only 19% with 81% going back to the lender.

• San Diego county for the month of December saw Notice of Defaults at 1,938, Notice of Truste Sales (Auctions) at 2,008, and Sales at auction of 237.   To search Pre-foreclosures, Foreclosures, and property which went back to the lenders in La Jolla California and other San Diego cities click here.

 So what does this all mean?  There are still many foreclosures coming down the pipe and foreclosure activity is still at close to record levels.  However, sales volumes are now starting to turn around.  Many first time and value buyers are now stepping back into the market.  The many incentives such as the $8,000 tax credit, low interest rates and decade low prices (for many areas) are making this a great time to purchase for many people.  To learn more about properties for sale in San Diego California and other San Diego cities click here.

Click the yellow map below to view Homes for Sale, Pre-Foreclosures, Foreclosures, Auctions, REO, Short Sale, and the entire San Diego County MLS.

At Four Seasons Realty, we track most every Foreclosure in San Diego County and attend the auctions on a weekly basis. We also come across many off market opportunities as well.  To learn more about foreclosures in San Diego, please visit our fully integrated Real Estate Website at www.fourseasrealty.com,  where you can search all active pre-foreclosures, foreclosures, auction, short Sale, and REO 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!

We wanted to bring you a video we have done of some of the top reasons to visit or live in San Diego. San Diego is a top destination spot for Americans and people around the world. It has long held the knick name of "America's finest City". Does this knick name really hold its weight?

Well let's look at just some of the things San Diego has to offer.

* Weather: It would be hard to talk about San Diego without mentioning the weather, it's absolutely one of the best climates in the country by far. With an average year round temperature of 71 degrees! By the way, we filmed everything for this video in the middle of January, you will notice many people in shorts and tee-shirts. How is it where you are? Check the weather by clicking here.

* Beaches and Coastline: San Diego California offers so many great beaches and coastline. Whether you are visiting with your family and want a laid back beach, or you are looking for more of the single scene, San Diego definitely has a beach for you! To learn more about the beaches in San Diego click here. *

Entertainment and Nightlife: With over 100 restaurants in Downtown San Diego alone to choose from, you are sure to find something that fits your appetite and budget here! The downtown nightlife scene offers fine dining, entertainment, live music, and night clubs. To learn more about the nightlife in San Diego, click here.

* Off Leash Dog Beaches and Walking Trails: San Diego offers many beaches, dog parks, and trails for your animals. There is nothing more fun for dog lovers than to let your dog off the leash to run and play. San Diego understands this concept well and has many parks to choose from. To find out about off leash beaches and trails click here.

* Amusement Parks: San Diego is known worldwide for its Zoo. Offering one of the best displays of animals from around the world. San Diego also has Sea World and the Wild Animal Park. These amusement parks bring hundreds of thousands of visitors per year, and it only takes visiting them once to understand why people keep coming back year after year!

* Marine Life: San Diego has some amazing Marine Life. You can Kayak through the kelp beds of La Jolla Cove, float next to the Sea Lions, or take off on a Whale and Dolphin Watching adventure! To learn more about the Marine Life in San Diego click here.

*Golf: San Diego has World Class golf courses all around the county. Two of the best known are Torrey Pines (where the Buick Open and the US Open was recently played), the other is La Costa where the Match Play championships have been held on a regular basis in the past. Whatever your budget, San Diego is sure to have a course for you!

* Real Estate: San Diego is home to some of the nicest Real Estate in the county. Whether you are looking for a beach front home or a first time home, San Diego has something for you. To learn more about Real Estate in San Diego and to search available homes click here.

These are just a few of the many reasons to visit or live in San Diego! So the only question is... When can you come out?

Hello and Welcome to Downtown San Diego 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 Downtown San Diego and actually search all Pre-Foreclosures in Downtown San Diego 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 Downtown 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 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 Downtown San Diego 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 Downtown San Diego 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 Downtown San Diego 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 San Diego California Foreclosure Auction, 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 San Diego and actually search all Pre-Foreclosures in San Diego 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 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 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 San Diego 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 San Diego 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 San Diego click here.

We also attend the Foreclosure Auctions in San Diego on a weekly basis and track virtually every Foreclosure property in San Diego 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 Downtown San Diego California~Sell my Home~ List my Home ~Short Sale~ Realtors~ Listings Agents.

Are you looking to potentially Sell or list your home in Downtown San Diego 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 Downtown San Diego 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 Downtown San Diego 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.

Hello and welcome to Downtown San Diego California Homes for Sale, Foreclosures, Auctions, REO, Short Sale Property.

September 16, 2009

Real Estate Silver lining or still too early to tell? Lets look at the numbers of the recent activity to see...

August 2009 Foreclosure, REO, and Short Sale update.

According to Foreclosure Radar (A service which tracks every single foreclosure daily in the state of California) in the month of August Foreclosure notices in the state of California saw a decline while foreclosure sales rose in the state of California.

Sales at the actual foreclosure auction rose by 3.4 percent overall to 17,289 sales.  According to estimates foreclosure sales sold to third party investors at an average of a 29.7% discount from estimated market value.

Notices of default dropped by an estimated 19.1% from the record level set the in June.  Notices of Trustee sale (Foreclosure Auction) decreased by 15.1% from the prior month.

Although it's too early to tell if this will be a trend its important information to consider and keep an eye on.

Some important bullet points to consider:

• Notice of defaults still remain at close to record highs.  To search Pre-Foreclosure Properties in Downtown San Diego California and other San Diego cities click here.

• Nearly 90 percent of the foreclosed loans for the month of May were originated between January of 2005 and December of 2007.

• Lenders took back roughly 14,327 foreclosures in which no third party bid was received.  These properties become REO inventory (Real Estate Owned), and then are usually listed with Real Estate agents or sold at third party auctions.  To search current REO inventory in Downtown San Diego California and other San Diego cities click here.

• The percentage of total properties sold at foreclosure auction still remains pretty low compared to the overall amount of homes for sale going through the auction at only 19% with 81% going back to the lender.

• San Diego county for the month of May saw Notice of Defaults at 2,855, Notice of Truste Sales         (Auctions) at 2,623, and Sales at auction of 1305.   To search Pre-foreclosures, Foreclosures, and property which went back to the lenders in Downtown San Diego California and other San Diego cities click here.

 So what does this all mean?  There are still many foreclosures coming down the pipe and foreclosure activity is still at close to record levels.  However, sales volumes are now starting to turn around.  San Diego County sales volumes were up substantially last month compared to August of 2008.  Many first time and value buyers are now stepping back into the market.  The many incentives such as the $8,000 tax credit, low interest rates and decade low prices (for many areas) are making this a great time to purchase for many people.  To learn more about properties for sale in Downtown San Diego California and other San Diego cities click here.

Click the yellow map below to view Homes for Sale, Pre-Foreclosures, Foreclosures, Auctions, REO, Short Sale, and the entire San Diego County MLS.

At Four Seasons Realty, we track most every Foreclosure in San Diego County and attend the auctions on a weekly basis. We also come across many off market opportunities as well.  To learn more about foreclosures in San Diego, please visit our fully integrated Real Estate Website at www.fourseasrealty.com,  where you can search all active pre-foreclosures, foreclosures, auction, short Sale, and REO 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!