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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Bank Owned/Short Sale
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19 Photos
$100
Bath: 1 | Sq Ft: 471 | Acres: 0.02 | Built: 1974 | MLS ID: OC15226692 | Status: Active
Incredible opportunity to live in south Orange County. Resort style senior living in the Laguna Wood...
Listing provided courtesy of Vernazza Realty Inc
$900
Acres: 0.05 | MLS ID: 215036610DA | Status: Active
Desert Aire Rv Resort, RV lot34 with all utilities hookup. Each lot has a storage unit for use. Max...
Listing provided courtesy of Power Brokers International
$900
Acres: 0.05 | MLS ID: 215037792DA | Status: Active
Desert Aire Rv Resort, RV lot34 with all utilities hookup. Each lot has a storage unit for use. Max...
Listing provided courtesy of Power Brokers International
$900
Acres: 0.05 | MLS ID: 215036624DA | Status: Active
Desert Aire Rv Resort, RV lot 200 with all utilities hookup. Each lot has a storage unit for use. M...
Listing provided courtesy of Power Brokers International
$900
Acres: 0.05 | MLS ID: 215036626DA | Status: Active
Desert Aire Rv Resort, RV lot 304 with all utilities hookup. Each lot has a storage unit for use. M...
Listing provided courtesy of Power Brokers International
$900
Acres: 0.05 | MLS ID: 215036620DA | Status: Active
Desert Aire Rv Resort, RV lot58 with all utilities hookup. Each lot has a storage unit for use. Max...
Listing provided courtesy of Power Brokers International
$900
Acres: 0.05 | MLS ID: 215036622DA | Status: Active
Desert Aire Rv Resort, RV lot 132 with all utilities hookup. Each lot has a storage unit for use. M...
Listing provided courtesy of Power Brokers International
$900
Acres: 0.05 | MLS ID: 215036614DA | Status: Active
Desert Aire Rv Resort, RV lot35 with all utilities hookup. Each lot has a storage unit for use. Max...
Listing provided courtesy of Power Brokers International
$900
Acres: 0.05 | MLS ID: 215036616DA | Status: Active
Desert Aire Rv Resort, RV lot44 with all utilities hookup. Each lot has a storage unit for use. Max...
Listing provided courtesy of Power Brokers International
15 Photos
$1,595
Beds: 2 | Bath: 2 | Sq Ft: 906 | Acres: 0.67 | Built: 1965 | MLS ID: 16111064 | Status: Active
Nice two bedroom two bath condo in North Inglewood for lease!, newer hard wood laminate floors throu...
Listing provided courtesy of Keller Williams-Santa Monica
18 Photos
$2,250
Beds: 5 | Bath: 3 | Sq Ft: 1996 | Acres: 0.10 | Built: 1970 | MLS ID: 316001844 | Status: Active
Best deal/Best Value, Excellent Location; Rare Opportunity, Cul-De-Sac Street; Nearby schools includ...
Listing provided courtesy of Whitegate Loans and Realty
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
$6,998
Acres: 0.13 | MLS ID: 215014400DA | Status: Active
Conner Lot in Cabazon CA.
Listing provided courtesy of Bona Fide Realty Group
$6,998
Acres: 0.13 | MLS ID: 215014524DA | Status: Active
Cabazon Lot
Listing provided courtesy of Bona Fide Realty Group
$6,998
Acres: 0.13 | MLS ID: 215014526DA | Status: Active
Cabazon Lot
Listing provided courtesy of Bona Fide Realty Group
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
15 Photos
$14,500
Beds: 2 | Bath: 2 | Sq Ft: 1383 | Acres: 0.59 | Built: 1985 | MLS ID: 216000161DA | 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
$19,705
Acres: 0.19 | MLS ID: IV16033028 | Status: Active
Good Investment Opportunity. Neighborhood business improvements and city growth has been approved an...
Listing provided courtesy of RE/MAX RESULTS
$20,000
Acres: 0.94 | MLS ID: 215035114DA | Status: Active
Vacant land sold in its present condition. Buyer to verify.
Listing provided courtesy of Desert First R.E.
9 Photos
$24,900
Acres: 0.13 | MLS ID: DW16076287 | Status: Active
We are please to offer two hillside small residential Lots in the Los Angeles Neighborhood of El Ser...
Listing provided courtesy of Rico Realty
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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 4/28/2016.