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Encinitas California Auction, Pre-Foreclosure, Foreclosures & Bank Owned REO Real Estate

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Real Estate Broker/Owner with Four Seasons Properties

Encinitas California Auction, Foreclosures & Bank Owned REO Real Estate

We have added a new Pre-Foreclosure and Foreclosure Auction Search feature to our website.  You can now search every Pre-Foreclosure, Foreclosure, and Auction property in San Diego County.  This new capability, along with the ability to search all active Foreclosure, Short Sale, and REO listings, along with the entire San Diego County MLS, makes the Four Seasons Realty Website one of the most up to date and informative websites in the region.          

Click the Yellow Map Below to search Pre-Foreclosure, Foreclosure, and REO Properties.

 

April 2009 Foreclosure, REO, and Short Sale update.

According to Foreclosure Radar (A service which tracks every single foreclosure daily in the state of California) in the month of April Foreclosure notices in the state of California saw a decline while foreclosure sales rose in the state of California.

Sales at the actual foreclosure auction rose by 35 percent overall.  According to estimates foreclosure sales sold to third party investors at an average of a 28% discount from estimated market value.

Notices of default dropped by an estimated 18.2% from the record level set the prior month.  Notices of Trustee sale (Foreclosure Auction) also dropped by 8.5% from the prior month.

Although it's too early to tell if this will be a trend its important information to consider and keep an eye on.

Some important bullet points to consider:

•·         Notice of defaults still remain at close to record highs

•·         Nearly 90 percent of the foreclosed loans for the month of April were originated between January of 2005 and December of 2007.

•·         Lenders took back almost 12,000 foreclosures in which no third party bid was received.  These properties become REO inventory (Real Estate Owned), and then are usually listed with Real Estate agents or sold at third party auctions.

•·         The percentage of total properties sold at foreclosure auction still remains pretty low compared to the overall amount of homes for sale going through the auction at only 12% with 88% going back to the lender.

•·         San Diego county for the month of April saw Notice of Defaults at 3,441, Notice of Trustee Sales (Auctions) at 2,381, and Sales of 993.

•·         The median home prices in Encinitas for that same period have fallen byclose to 10% to a median price for San Diego County of 606,500 making Encinitas as affordable as it's been in years. 

At Four Seasons Realty, we track most every Foreclosure in Encinitas and attend the auctions on a weekly basis and we come across many off market opportunities.  To learn more about foreclosures in Encinitas, please visit our fully integrated Real Estate Website at http://www.fourseasrealty.com/encinitasforeclosure.html , where you can search all active foreclosure, short Sale, and REO listings along with the entire San Diego county MLS.

You can also sign up for our free Property watch service which will automatically keep you updated of any new listings that fit your guidelines or any price changes!

 

Click the Map Below to Search the Entire San Diego Count MLS.

 

We look forward to hearing from you soon!

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