Foreclosure Definition: when a borrower can no longer afford to make their mortgage payment the title of their property goes through a series of events ending with a bank or private equity firm purchasing it back from the original lien holder at Trustee Sale.
A brief outline of the foreclosure process: NOD (Notice of Default)>NOS (Notice of Sale)>Trustee Sale>Bank Owned>Resale
If you are having trouble making your mortgage payment, or have already been issued a Notice of Default, please visit our Short Sale Information Page or Contact Us immediately. We work with over 70 lending institutions/banks and hundreds of private equity firms/investors. Our time-tested network of real estate contacts can help save your home from foreclosure.
Pre-Listed Bank-Owned Homes for Sale: View our pre-listed bank owned homes for sale. Find the bargain homes before they are available to the general public. Access these properties in the pre-marketing state by contacting one of our real estate professionals.
Foreclosure Radar: California's only complete foreclosure database. Search here for properties in pre-foreclosure in your neighborhood.