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.