Foreclosure Search

Foreclosure Process

The foreclosure process is a bank or other secured creditor (lender) selling or repossessing a parcel of property after the owner has failed to comply with the mortgage or deed of trust.  Commonly, the violation of the mortgage is a "default" in payment of the promissory note, secured by a lien on the property.  When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs.

REO / Bank Owned Property

REO or Real Estate Owned, is a class of property owned by a lender, typically a bank, after an unsuccessful sale at a foreclosure auction.  A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount.  If there are no bidders that are interested, then the bank will legally repossess the property.  As soon as the bank repossess the property, it is listed on their books as REO - Real Estate Owned - and is categorized as an asset (non-performing).

Short Sale

A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan.  It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower.

Foreclosed Properties

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Other Search Criteria:  For Sale; Type: Residential Homes, Mobile Homes, Lots and Land, Condos Lofts and Townhouses; Bank Owned/Short Sale: Bank Owned
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10 Photos
$100
Bath: 1 | Sq Ft: 471 | Acres: 0.02 | Built: 1974 | MLS ID: OC15051284 | Status: Active
Incredible opportunity to live in south Orange County. Resort style senior living. The sales price i...
Listing provided courtesy of Vernazza Realty Inc
10 Photos
$2,500
Beds: 1 | Bath: 1 | Sq Ft: 561 | Acres: 0.02 | Built: 1974 | MLS ID: OC15045205 | Status: Active
Incredible opportunity to live in south Orange County. Resort style senior living. Laguna Woods Vil...
Listing provided courtesy of Vernazza Realty Inc
7 Photos
$4,500
Acres: 1.47 | MLS ID: YG14258132 | Status: Active
This is a beautiful wooded parcel on the corner of Rough & Ready and Rescue. Owner lives too far awa...
Listing provided courtesy of R.E.Huber Realty
11 Photos
$4,995
Acres: 0.66 | MLS ID: PW15076276 | Status: Active
1/2 Mile from lovely Wrightwood homes! Just a little further to Mountain High Resort! Take the roa...
Listing provided courtesy of GRECO Development Corporation
8 Photos
$7,000
Acres: 0.25 | MLS ID: LC15046408 | Status: Active
GREAT MOUNTAIN & VALLEY VIEWS FROM A VERY PRIVATE SPOT IN THE COUNTRY. Gently sloping parcel with Co...
Listing provided courtesy of Timothy Toye and Associates
$7,500
MLS ID: 14814645 | Status: Active
Large lot in a desirable location - perfect for the construction of a new home. Priced to sell imme...
Listing provided courtesy of Wycedra Stokes
$7,500
MLS ID: 14800875 | Status: Active
Large lot in a desirable location - perfect for the construction of a new home. Priced to sell imme...
Listing provided courtesy of Wycedra Stokes
11 Photos
$7,900
Acres: 5.00 | MLS ID: CV15121093 | Status: Active
right next to the water company 8828 Joshua Ave so water is there as well as electricity pols, Great...
Listing provided courtesy of KNIGHT REAL ESTATE CORP.
$7,999
Acres: 0.13 | MLS ID: 215014400 | Status: Active
Conner Lot in Cabazon CA.
Listing provided courtesy of Bona Fide Realty Group
$7,999
Acres: 0.13 | MLS ID: 215014524 | Status: Active
Cabazon Lot
Listing provided courtesy of Bona Fide Realty Group
$7,999
Acres: 0.13 | MLS ID: 215014526 | Status: Active
Cabazon Lot
Listing provided courtesy of Bona Fide Realty Group
8 Photos
$8,000
Acres: 0.25 | MLS ID: LC15046416 | Status: Active
GREAT VALLEY & MOUNTAIN VIEWS FROM A VERY PRIVATE SPOT IN THE COUNTRY. Gently sloping parcel with Co...
Listing provided courtesy of Timothy Toye and Associates
2 Photos
$11,900
MLS ID: 14811211PS | Status: Active
This is a great vacant lot with newer homes on street and surrounding area. The lot has homes on bot...
Listing provided courtesy of Homequest Real Estate
$12,500
Acres: 27.50 | MLS ID: IV14086232 | Status: Active
27.5 ACRES OF VACANT LAND IN RIVERSIDE COUNTY NORTH OF THE I-10 FREEWAY.
Listing provided courtesy of TARBELL REALTORS
4 Photos
$12,500
Acres: 1.91 | MLS ID: EV15068042 | Status: Active
Nice level parcel of land, electric at the site. This is a well, septic and propane area - buyer to ...
Listing provided courtesy of CROWN REALTY SERVICES
17 Photos
$14,500
Beds: 2 | Bath: 2 | Sq Ft: 1291 | Acres: 0.59 | Built: 1985 | MLS ID: 215021158DA | Status: Active
Great opportunity to obtain an inexpensive 1/4 share in beautiful condo in the best location in the ...
Listing provided courtesy of Keller Williams Realty
11 Photos
$22,500
Beds: 2 | Bath: 2 | Sq Ft: 1056 | Built: 1982 | MLS ID: LC14171189 | Status: Active
Clean well maintained 1982 Fleetwood 2 bedroom mobile in one of the nicest mobile home parks in Lake...
Listing provided courtesy of Shore Line Realty, Inc.
13 Photos
$24,900
Acres: 0.13 | MLS ID: DW14045811 | Status: Backup Offer
We are please to offer two hillside residential Lots in the Los Angeles Neighborhood of El Sereno. T...
Listing provided courtesy of Rico Realty
2 Photos
$24,950
Acres: 2.50 | MLS ID: IV14086236 | Status: Active
Nice sized lot in the Three Flags/Oak Hills area of Hesperia with lots of new development planned an...
Listing provided courtesy of TARBELL REALTORS
6 Photos
$25,000
Acres: 0.47 | MLS ID: EV14184548 | Status: Active
ALL SAGE BRUSH REMOVED AND HAULED AWAY. READY TO BUILD! WHAT A VIEW FROM THIS PROPERTY! PARCELS 0314...
Listing provided courtesy of RE/MAX BIG BEAR
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Information deemed reliable but not guaranteed.
Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
CACRMLS is current as of 8/2/2015.