San Diego Foreclosure Properties

San Diego foreclosures have recently created one big San Diego homes sale.  Bank owned REO properties are a major attraction for property investors and home buyers looking for a great deal.  In 2011 foreclosures made up about 1/3 of the San Diego real estate transactions.

More affluent San Diego neighborhoods have seen fewer defaults so, for example, Rancho Santa Fe foreclosures have been less prevalent than in newer communities like Chula Vista Eastlake and Oceanside.  But San Diego County as a whole has been hit hard along with the rest of the United States.  There are BARGAIN priced homes in every neighborhood.

Below Is a Foreclosure Properties Search Tool.  Just choose your neighborhood and price range!

The San Diego foreclosures started from the affects of suspect lending practices in past years. The sub-prime mortgage crisis, as well as loose lending standards for even the most highly qualified home buyers resulted in waves of mortgage defaults. When the rapid increase of property values slowed and gradually reversed, many owners of houses, condominiums, and multi-unit residential properties decided to walk away from their investments rather than continue to pay their mortgages.  The result is a large number of San Diego foreclosure properties for sale.

Many mortgage lenders and mortgage insurance companies have become involuntary owners of a large number of real estate assets.  The financial institutions generally work to sell their real-estate-owned (REO) properties as quickly as possible. In order to liquidate the assets in the shortest possible time, the banks have a simple strategy:

Price the San Diego REO properties below market value; list to sell immediately!

Below is the most recent San Diego foreclosure list.  Use our search engine to search for other REO properties for sale, or contact Geoffrey Schiering at Keller Williams Realty for details about upcoming foreclosure properties in your preferred neighborhoods and price range.  Call Geoffrey Schiering at (619) 200-7612.

Foreclosures For Sale In San Diego

General

Class Homes Land/Ranch/Grove 2-4 Units Lot/Land	Type Any Single Family Detached Rowhome Townhome Duplex Condo	Price No Minimum $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $525,000 $550,000 $575,000 $600,000 $625,000 $650,000 $675,000 $700,000 $725,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 - No Maximum $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $525,000 $550,000 $575,000 $600,000 $625,000 $650,000 $675,000 $700,000 $725,000 $750,000 $800,000 $850,000 $900,000 $950,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000
Bedrooms Any 1 2 3 4 5 Bathrooms Any 1 2 3 4 5	Square Feet Any 0 To 499 Sqft 10,000 Or More Sqft 1,000 To 1,499 Sqft 1,500 To 1,999 Sqft 2,000 To 2,499 Sqft 2,500 To 2,999 Sqft 3,000 To 3,999 Sqft 4,000 To 4,999 Sqft 5,000 To 7,499 Sqft 500 To 999 Sqft 7,500 To 9,999 Sqft
Nod Filed/Foreclosure Pending Need Short Sale No Lender... Short Sale Approved Reo

Additional Criteria

Neighborhood: Neighborhood search is not case sensitive. Multiple values can be separated by a comma.	Built:  To:	Lot Size: Any Size 0 (Common Interest) 1-3,999 Sf 10+ To 20 Ac 1+ To 2 Ac 20+ Ac .25 To .5 Ac 2+ To 4 Ac 4,000-7,499 Sf 4+ To 10 Ac .5 To 1 Ac 7,500-10,889 Sf 99)Ormks
Sort Results by: Date  City   Price   Sq Ft		Search by MLS ID#

Most Recent Listings

The listings below are the most recent properties in the San Diego MLS for this fine San Diego community and are sorted by date with the most recent at the top.

Address: 3015 El Camino Del Norte		Price: $7,490,000
	Area: Coastal North City: Rancho Santa Fe State: California SqFt: 6192 County: San Diego Neighborhood: Covenant	MLS# 130005261 Beds: 4 Baths: 5 Garage: 9 Zip Code: RANCHO SANTA FE (92067)

Address: 313 S Rios Ave		Price: $1,365,000
	Area: Coastal North City: Solana Beach State: California SqFt: 2216 County: San Diego Neighborhood: Solana Beach	MLS# 130025816 Beds: 4 Baths: 4 Garage: 2 Zip Code: SOLANA BEACH (92075)

Address: 7337 Calle Conifera		Price: $1,000,000
	Area: Coastal North City: Carlsbad State: California SqFt: 4225 County: San Diego Neighborhood: La Costa Oaks	MLS# 130025585 Beds: 5 Baths: 5 Garage: 3 Zip Code: CARLSBAD (92009)

Address: 3266 Avenida De Sueno		Price: $959,900
	Area: Coastal North City: Carlsbad State: California SqFt: 3802 County: San Diego Neighborhood: Arroyo Vista	MLS# 130008909 Beds: 6 Baths: 4 Garage: 3 Zip Code: CARLSBAD (92009)

Address: 14631 Via Bettona		Price: $850,000
	Area: North County Inland City: San Diego State: California SqFt: 3544 County: San Diego Neighborhood: Verrazzano	MLS# 130021179 Beds: 4 Baths: 5 Garage: 3 Zip Code: RANCHO BERNARDO (92127)

Address: 6186 Saint Therese Wy		Price: $824,900
	Area: Metro Uptown City: San Diego State: California SqFt: 3661 County: San Diego Neighborhood: 6	MLS# 130023899 Beds: 4 Baths: 3 Garage: 2 Zip Code: DEL CERRO (92120)

Address: 510 1st Ave # 704		Price: $714,900
	Area: Metro Central City: San Diego State: California SqFt: 1544 County: San Diego Neighborhood: Marina	MLS# 130024293 Beds: 2 Baths: 2 Garage: 2 Zip Code: SAN DIEGO DOWNTOWN (92101)

Address: 5078 Ashberry Rd		Price: $699,900
	Area: Coastal North City: Carlsbad State: California SqFt: 2368 County: San Diego Neighborhood: Canterbury	MLS# 130021952 Beds: 4 Baths: 3 Garage: 2 Zip Code: CARLSBAD (92008)

Address: 424 Stratford Ct # B27		Price: $621,000
	Area: Coastal North City: Del Mar State: California SqFt: 782 County: San Diego Neighborhood: Del Mar	MLS# 130022065 Beds: 1 Baths: 1 Garage: 1 Zip Code: DEL MAR (92014)

Address: 1576 Hillsborough St		Price: $549,900
	Area: South Bay City: Chula Vista State: California SqFt: 2875 County: San Diego Neighborhood: Otay Ranch Village	MLS# 130023209 Beds: 5 Baths: 4 Garage: 2 Zip Code: CHULA VISTA (91913)

Address: 13533 Maryearl Ln		Price: $549,900
	Area: North County Inland City: Poway State: California SqFt: 2202 County: San Diego Neighborhood: Midland Estates	MLS# 130006951 Beds: 4 Baths: 2 Garage: 2 Zip Code: POWAY (92064)

Address: 350 K St # 316		Price: $514,900
	Area: Metro Central City: San Diego State: California SqFt: 933 County: San Diego Neighborhood: Gaslamp	MLS# 130023663 Beds: 2 Baths: 2 Garage: 1 Zip Code: SAN DIEGO DOWNTOWN (92101)

Address: 5487 Dundee Ave		Price: $508,950
	Area: Metro Uptown City: San Diego State: California SqFt: 1432 County: San Diego Neighborhood: Allied Gardens	MLS# 130024485 Beds: 3 Baths: 2 Garage: 2 Zip Code: DEL CERRO (92120)

Address: 16916 Hutchins Landing # 71		Price: $508,950
	Area: North County Inland City: San Diego State: California SqFt: 1450 County: San Diego Neighborhood: 4s	MLS# 130024054 Beds: 3 Baths: 3 Garage: 2 Zip Code: RANCHO BERNARDO (92127)

Address: 9535 Galston Dr		Price: $499,999
	Area: East County City: Santee State: California SqFt: 1909 County: San Diego Neighborhood: Santee	MLS# 130022193 Beds: 3 Baths: 3 Garage: 2 Zip Code: SANTEE (92071)

Address: 4639 Diane Ave		Price: $490,250
	Area: Metro City: San Diego State: California SqFt: 1511 County: San Diego Neighborhood: Clairemont Mesa	MLS# 130026383 Beds: 3 Baths: 2 Garage: 0 Zip Code: CLAIREMONT MESA (92117)

Address: 1632 Coronado Ave		Price: $469,900
	Area: East County City: Spring Valley State: California SqFt: 3245 County: San Diego Neighborhood: Spring Valley	MLS# 130018048 Beds: 5 Baths: 3 Garage: 2 Zip Code: SPRING VALLEY (91977)

Address: 661 Matthew Ln		Price: $454,900
	Area: North County City: San Marcos State: California SqFt: 1668 County: San Diego Neighborhood: San Marcos	MLS# 130026204 Beds: 3 Baths: 2 Garage: 2 Zip Code: SAN MARCOS (92069)

Address: 2134 Oliver Ave		Price: $451,900
	Area: Coastal South City: San Diego State: California SqFt: 1138 County: San Diego Neighborhood: Pacific Beach	MLS# 130014326 Beds: 2 Baths: 2 Garage: 0 Zip Code: PACIFIC BEACH (92109)

Address: 1717 Oconnor Ave		Price: $450,000
	Area: South Bay City: Chula Vista State: California SqFt: 2508 County: San Diego Neighborhood: Chula Vista	MLS# 130019615 Beds: 4 Baths: 4 Garage: 2 Zip Code: CHULA VISTA (91913)

Address: 10222 Caminito Surabaya		Price: $445,900
	Area: North County Inland City: San Diego State: California SqFt: 1763 County: San Diego Neighborhood: Timberlane 1	MLS# 130015978 Beds: 4 Baths: 3 Garage: 1 Zip Code: SCRIPPS MIRAMAR (92131)

Address: 917 Torrance St # 24		Price: $439,000
	Area: Metro Uptown City: San Diego State: California SqFt: 1052 County: San Diego Neighborhood: Mission Hills	MLS# 130024772 Beds: 2 Baths: 2 Garage: 1 Zip Code: MISSION HILLS (92103)

Address: 1301 Hampton Rd		Price: $434,900
	Area: North County City: San Marcos State: California SqFt: 1315 County: San Diego Neighborhood: Hampton Hills	MLS# 130018349 Beds: 3 Baths: 3 Garage: 2 Zip Code: SAN MARCOS (92078)

Address: 425 W Beech St # 1107		Price: $432,900
	Area: Metro Central City: San Diego State: California SqFt: 661 County: San Diego Neighborhood: Little Italy	MLS# 130020581 Beds: 1 Baths: 1 Garage: 1 Zip Code: SAN DIEGO DOWNTOWN (92101)

Address: 8355 Station Village Ln # 4108		Price: $431,000
	Area: Metro City: San Diego State: California SqFt: 1776 County: San Diego Neighborhood: Mission Valley	MLS# 130014693 Beds: 3 Baths: 2 Garage: 2 Zip Code: MISSION VALLEY (92108)

All information deemed reliable but not guaranteed and should be independently verified.   All properties are subject to prior sale, change or withdrawal.  Neither listing broker(s) nor the owners of this site shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Buying Bank-Owned REO Properties in San Diego

For home buyers and real estate investors, the opportunity to purchase REO assets presents an incredible opportunity. Few expect the downturn in the San Diego housing market to continue for any significant period of time. Ecomomists called a bottom to the real estate market in 2009-2010 and annual price appreciation is expected to continue.  So buying foreclosure properties can be a smart investment.

The banks and their asset managers, in their near panic to unload their REO inventory, have created a self-fulfilling prophecy of declining home prices. Competing with each other and even with themselves, practically every newly repossessed foreclosure property is priced below the last. The asset managers are rewarded for unloading properties quickly, and their obligation to maximize the value of the bank assets often takes second position to speed of sale.

The result is a chaotic situation where home buyers and investors are racing to submit bids for foreclosure properties. In less than a week, most newly listed foreclosure properties have received multiple offers, dozens of offers, sometimes thirty or more. Does that sound like a symptom of a declining housing market? We don’t think so.

The chaos at the financial institutions will clear up as the last of the sub-prime mortgages from recent years are removed from the books. As stability returns to the loan markets, the opportunities for home buyers and investors to pick up houses, condominiums, and multi-unit properties at below-market prices will dry up. The last wave of sub-prime mortgages are being cleared from the books at the financial institutions in 2009. Smart investors are buying real estate now in expectation of the subsequent shift to appreciation of the housing market.

How can you take advantage of opportunities with San Diego foreclosures (REO):

1) Be prepared to move quickly when a foreclosure property comes on the market. A loan pre-approval letter from a qualified lender will be required with any offer to purchase.

2) Know the relative market values and expect to pay above list price. As mentioned above, the banks are pricing their properties below market value, often as much as 25% below the most recent sale. The financial institution’s goal is to receive multiple offers, and at these asking prices they are succeeding!

3) You need a qualified Buyers’ Agent to help you. There are multiple addenda and specific documentation required by the financial institutions as a condition of the sale. These can be complicated, and they are drafted in the bank’s best interest. A Buyers’ Agent will represent your best interests and keep you clear from pitfalls presented by the bank and the bank’s listing agent. Best of all, the Buyers’ Agent is paid by the bank after completion of the sale. The buyer does not pay any real estate fees to the Buyer’s Agent at a foreclosure sale. If you don’t have representation, you are asking for trouble and will often end up paying for the mistake.

4) Expect to wait, be patient, but be prepared. The banks and asset managers are notoriously slow at responding to offers, and equally slow with completing their end of the purchase transaction. Many buyers lose patience, and others think that the bank’s failure to obey the written timelines gives them the right to disregard their own obligations. But, in fact, the banks will hold the buyers responsible for monetary penalties associated with the Buyer’s delay. Your Buyers’ Agent will keep you on track and will help expedite the transaction with the bank’s agent. Remember, the seller is a bureaucracy, not an individual. Only your personal Buyers’ Agent will have your best interests at heart.

Buying bank-owned foreclosure properties and distress sales (“Short Sales“) requires some special knowledge and often a bit of patience. The Buyers’ Agents on the Schiering Team at Keller Williams Realty will share their insight and experience with you to help you succeed in this lucrative investment arena.

Use the “San Diego MLS Search” tool on this website to view foreclosure properties for sale or contact Geoffrey Schiering, your personal San Diego real estate consultant, for complimentary San Diego foreclosure property listings 619-200-7612.