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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Beds: 4 | Bath: 2 | Sq Ft: 1240 | Acres: 0.17 | Built: 1955 | MLS ID: OC15226022 | Status: Active
Great single story 4 bedroom, 2 bathroom home situated on a large corner lot with low block wall enclosed front yard and extra wide driveway. The 4 well sized bedrooms allow everyone their own space and the kitchen features newer counters and cabinets. The private, block wall enclosed property boasts a large rolling door off the driveway with access to the backyard. The private backyard features mature fruit trees, guava, avocado, miniature lemon and lime trees, dragon fruit plants and a pomegranate tree, all fruit bearing. Two storage units are ideal for keeping yard tools and supplies or extra storage, or great for a small art room or hobby area. The versatile room off the garage is ideal for private interior storage or maybe even a
19 Photos
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
Beds: 1 | Bath: 1 | Sq Ft: 400 | Acres: 0.04 | Built: 1984 | MLS ID: 215035070DA | Status: Active
This furnished park model is located on a lake with southern exposure. Has use of a storage shed an ...
Listing provided courtesy of Power Brokers International
7 Photos
Beds: 1 | Bath: 1 | Sq Ft: 561 | Acres: 0.02 | Built: 1974 | MLS ID: OC15229651 | Status: Backup Offer
Incredible opportunity to live in south Orange County. Resort style senior living. Laguna Woods Vil...
Listing provided courtesy of Vernazza Realty Inc
7 Photos
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
Acres: 0.13 | MLS ID: 215014400DA | Status: Active
Conner Lot in Cabazon CA.
Listing provided courtesy of Bona Fide Realty Group
Acres: 0.13 | MLS ID: 215014524DA | Status: Active
Cabazon Lot
Listing provided courtesy of Bona Fide Realty Group
Acres: 0.13 | MLS ID: 215014526DA | Status: Active
Cabazon Lot
Listing provided courtesy of Bona Fide Realty Group
8 Photos
Beds: 1 | Bath: 2 | Built: 1984 | MLS ID: 15947525PS | Status: Active
Listing provided courtesy of Keller Williams Realty
4 Photos
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
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
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
Acres: 0.12 | MLS ID: 215031648DA | Status: Backup Offer
This 55+ Park is handy to the freeway, bus lines, Walmart, Costco and many many businesses. Tri-Palm...
Listing provided courtesy of Rosenthal & Associates
13 Photos
Acres: 0.13 | MLS ID: DW14045811 | Status: Active
We are please to offer two hillside residential Lots in the Los Angeles Neighborhood of El Sereno. T...
Listing provided courtesy of Rico Realty
10 Photos
Acres: 0.19 | MLS ID: CV15055368 | Status: Active
Come build your dream home on this wonderful channel lot located on a Cul-de-Sac on the North Lake. ...
Listing provided courtesy of SHEAR REALTY
8 Photos
Acres: 0.27 | MLS ID: EV13189965 | Status: Active
Listing provided courtesy of BRUIN TROJAN REALTORS, INC
4 Photos
Beds: 3 | Bath: 2 | Sq Ft: 2212 | Acres: 0.32 | Built: 1968 | MLS ID: 15943661 | Status: Active
Calling ALL Investors and Handy Buyers!!! Diamond in a Rough in Searless Valley. With some simple re...
Listing provided courtesy of Savvolio Real Estate Services
Acres: 0.17 | MLS ID: YG15207160 | Status: Active
Corner lot, easy freeway access, utilities on site. (prior home burned and has been cleared off the ...
Listing provided courtesy of Guarantee Real Estate - Fresno
9 Photos
Acres: 0.94 | MLS ID: SB15224412 | Status: Active
Bank owned. Reduced 100K! .73ยข a foot! 40,923 sq. ft. (.94 acre) steep downslope on quiet street in ...
Listing provided courtesy of Nordine Realtors, Inc.
Acres: 0.52 | MLS ID: 41399152PS | Status: Active
This is a great buildable piece of Land, zoned for 4 units. Water and Power are just down the street...
Listing provided courtesy of Sharon Rose 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 11/24/2015.