search foreclosed homes in San Diego

Now that you have celebrated the purchase of your San Diego foreclosure or REO, you now want to make some changes or needed repairs.   Here are some ideas for fixing up your San Diego home. Remember that updating and improving the interior of your new home doesn't have to be an all or nothing plan. You can start with a small project and then work your way up to a larger one.

Read more »

As a San Diego foreclosure and REO Realtor, I hear a lot of talk about what is going on in the Mortgage industry and I have realized that about 90% of people have no idea what is really happening, due to the whirlwind of information and general state of confusion.  In this post I am going to try and describe what these so called experts are telling us. This important news applies to anyone who is thinking of buying San Diego foreclosures and REO's, as well as to those of you who have invested in San Diego foreclosure houses and condos.

Read more »

Common knowledge dictates that if San Diego foreclosures and REO's sell, there must be something wrong with it. That's a true statement. In a market that is moving, there is something wrong with San Diego foreclosures and REO'S that don't sell. But contrary to popular belief, it's not always location or condition. Usually, it's hidden in the price of the San Diego foreclosures and REO's.

Read more »

San Diego foreclosure and REO investors who are planning to move up often wrestle with the dilemma: "Should we sell first or buy first?" You'll find plenty of agents advising you to buy before you sell, depending on the situation. The first step, is to find a good Realtor who knows the San Diego foreclosure and REO market, and will advise you well.

Of course, which comes first, the chicken or the egg, depends on the market -- is it a buyer's or a seller's market -- and your personal motivation to invest in a San Diego foreclosure or REO. However, for most sellers and buyers, the smart thing to do is to sell before you buy.

Read more »

foreclosure with your San Diego area home.  You will be spending a lot of time on the telephone having conversations with many different people.   This is not a time to get lazy with documentation.  If possible make taped conversations; just make sure you let the person know that they are being recorded.

Follow every important phone call with a letter.  Sending a certified letter with return receipt requested will, if nothing else, show the courts or regulatory agencies that the borrowers made an attempt to work out a solution and the lender may be forcing a foreclosure by "losing" negotiation offers.

San Diego homeowners also need to do everything they can to keep on top of the lender's requests for information. When the mortgage company requests a package of financial documents or a hardship letter, the borrowers should comply with the request as soon as possible -- usually no later than 24 hours after the phone call.

Keeping in close contact with a mortgage lender eat up as many resources as a part-time job, but homeowners who want to work with their banks need to put in much effort to negotiate a mortgage modification or other solution. Lenders have thousands of foreclosures to work with, and the most persistent, hardest-working borrowers will be the ones who receive a solution, while the less diligent will simply lose their homes. In every case of foreclosure, though, it is important for owners to maintain open lines of communication with the bank and document or record every conversation, and follow up by complying with the bank's requests and sending copies of every document via certified mail.

To Search San Diego's #1 source for distressed properties: foreclosures, pre-foreclosures, REOs, bankruptcy, FSBO and tax lien listings click here.