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San Diego Foreclosure Listings
Looking to Purchase a San Diego Foreclosure? You have found the most accurate list of foreclosures in San Diego County. No fees or registration is required to view all of these homes for sale and all listings on the Team Aguilar website are updated hourly.
Is it difficult to purchase a foreclosure in San Diego?
Yes & No, it's easier to purchase a foreclosure than a short sale because foreclosures are on the market and ready to be sold. They have no liens against the home, the mortgage has been wiped out and you can close escrow in 30-45 days from when your offer is accepted by the bank. What can make the purchase process difficult is if you have very few homes available to purchase like we currently do. We have seen a steady decline in foreclosure listings in San Diego and this is driving prices up and making the offer process much more difficult. Make sure you're working with a quality REALTOR® who is representing your best interest.
Foreclosure vs Short Sale
A foreclosure is a REO property, it has been foreclosed on by the bank thus eliminating the previous homeowner. These homes have had all previous liens removed so there is no longer a mortgage owed against the home. A foreclosure can usually be purchased in 30-45 days. A short sale is where the homeowner still owns the property and is usually still living in the home. The homeowner typically owes more money to the bank than what the home is worth and either can't afford to make the mortgage payment or wants to sell the home to avoid foreclosure. Unlike a foreclosure a short sale still has a mortgage against the property and this requires the current homeowner to get approval from the bank to complete the sale. Purchasing a foreclosure can be completed in 30-45 days. The process to purchase a short sale can take a bit longer. I would not discourage you from looking at short sale homes for sale in San Diego because as the economy improves we are seeing fewer foreclosures and we anticipate short sales to be around for another 2-3 years. My suggestion is to look at the short sale real estate listings on our website in addition to the foreclosures for sale. If you're not working with a REALTOR® please contact us. Having so many years of experience selling foreclosures and short sales we have an excellent track record of representing clients and helping them find the perfect home whether it's a foreclosure, short sale or regular sale.
Options to Avoid Foreclosure
You may have arrived to this page looking for options to avoid foreclosure. We can help you explore all of your options. If you feel overwhelmed and unsure of what your options are we would be happy to meet with you in person or perhaps over the phone. Whether it's a loan modification, deed in lieu, real estate short sale or bankruptcy make sure you know what your options are so you can decide what will be best for you and your family. Feel free to contact us by phone, email or using the contact us page. We have helped hundreds of families in San Diego.
Hopefully all of this information will help you and as always feel free to contact us if you have any questions.
San Diego Bank Owned
Days on MLS: 15 Days
Days on MLS: 15 Days
↑ $100,000
Days on MLS: 82 Days
Days on MLS: 24 Days
Days on MLS: 18 Days
Days on MLS: 1 Days
Days on MLS: 2 Days
Days on MLS: 88 Days
Days on MLS: 37 Days
Days on MLS: 18 Days
↓ $499,999
Days on MLS: 45 Days
↑ $399,900
Days on MLS: 142 Days
↑ $459,900
Days on MLS: 40 Days
Days on MLS: 53 Days
Days on MLS: 3 Days
↓ $475,900
Days on MLS: 65 Days
↓ $499,900
Days on MLS: 38 Days
↓ $473,500
Days on MLS: 136 Days
Days on MLS: 10 Days
Days on MLS: 3 Days
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What is the difference between bank owned and a short sale?
Bank owned is already owned by the bank. It has ZERO liens recorded against the property. The bank wants to sell this home as soon as possible. They do not want to keep the real estate in their portfolio any longer then they have to.A short sale is sold at a sales price that is less then the amount owned against the property. Because the payoff is short of the mortgage balance, the bank is taking a loss.
Buying a short sale can take longer then buying a bank owned property because the bank has to approve the short sale which requires the seller to get approved for a short sale much like they had to originally get approved for the purchase loan and show that they could afford to make the payments, now they must show the bank they have no way of continuing to make their mortgage payment.
MORTGAGE RESOURCES
ARE YOU WORKING WITH A REALTOR?
Call or Email Carlos
Carlos M. Aguilar
Axia Real Estate Group, Inc.
1450 Frazee Rd. Suite 210
San Diego, CA 92108
(888) 317-1496
carlos [at] teamaguilar.com
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2013 Sandicor®, Inc.
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