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California Foreclosure

California Foreclosure and the Auction Process

Below are the basic legal guidelines for a California Foreclosure and the ensuing auction process:

2924f.
(a) As used in this section and Sections 2924g and 2924h, “property” means real property or a leasehold estate therein, and “calendar week” means Monday through Saturday, inclusive.

(b)

(1) Except as provided in subdivision (c), before any sale of property can be made under the power of sale contained in any deed of trust or mortgage, or any resale resulting from a rescission for a failure of consideration pursuant to subdivision (c) of Section 2924h, notice of the sale thereof shall be given by posting a written notice of the time of sale and of the street address and the specific place at the street address where the sale will be held, and describing the property to be sold, at least 20 days before the date of sale in one public place in the city where the property is to be sold, if the property is to be sold in a city, or, if not, then in one public place in the judicial district in which the property is to be sold, and publishing a copy once a week for three consecutive calendar weeks, the first publication to be at least 20 days before the date of sale, in a newspaper of general circulation published in the city in which the property or some part thereof is situated, if any part thereof is situated in a city, if not, then in a newspaper of general circulation published in the judicial district in which the property or some part thereof is situated, or in case no newspaper of general circulation is published in the city or judicial district, as the case may be, in a newspaper of general circulation published in the county in which the property or some part thereof is situated, or in case no newspaper of general circulation is published in the city or judicial district or county, as the case may be, in a newspaper of general circulation published in the county in this state that (A) is contiguous to the county in which the property or some part thereof is situated and

(B) has, by comparison with all similarly contiguous counties, the highest population based upon total county population as determined by the most recent federal decennial census published by the Bureau of the Census. A copy of the notice of sale shall also be posted in a conspicuous place on the property to be sold at least 20 days before the date of sale, where possible and where not restricted for any reason. If the property is a single-family residence the posting shall be on a door of the residence, but, if not possible or restricted, then the notice shall be posted in a conspicuous place on the property; however, if access is denied because a common entrance to the property is restricted by a guard gate or similar impediment, the property may be posted at that guard gate or similar impediment to any development community. Additionally, the notice of sale shall conform to the minimum requirements of Section 6043 of the Government Code and be recorded with the county recorder of the county in which the property or some part thereof is situated at least 14 days prior to the date of sale. The notice of sale shall contain the name, street address in this state, which may reflect an agent of the trustee, and either a toll-free telephone number or telephone number in this state of the trustee, and the name of the original trustor, and also shall contain the statement required by paragraph (3) of subdivision (c). In addition to any other description of the property, the notice shall describe the property by giving its street address, if any, or other common designation, if any, and a county assessor’s parcel number; but if the property has no street address or other common designation, the notice shall contain a legal description of the property, the name and address of the beneficiary at whose request the sale is to be conducted, and a statement that directions may be obtained pursuant to a written request submitted to the beneficiary within 10 days from the first publication of the notice. Directions shall be deemed reasonably sufficient to locate the property if information as to the location of the property is given by reference to the direction and approximate distance from the nearest crossroads, frontage road, or access road. If a legal description or a county assessor’s parcel number and either a street address or another common designation of the property is given, the validity of the notice and the validity of the sale shall not be affected by the fact that the street address, other common designation, name and address of the beneficiary, or the directions obtained therefrom are erroneous or that the street address, other common designation, name and address of the beneficiary, or directions obtained therefrom are omitted. The term “newspaper of general circulation,” as used in this section, has the same meaning as defined in Article 1 (commencing with Section 6000) of Chapter 1 of Division 7 of Title 1 of the Government Code.

The notice of sale shall contain a statement of the total amount of the unpaid balance of the obligation secured by the property to be sold and reasonably estimated costs, expenses, advances at the time of the initial publication of the notice of sale, and, if republished pursuant to a cancellation of a cash equivalent pursuant to subdivision (d) of Section 2924h, a reference of that fact; provided, that the trustee shall incur no liability for any good faith error in stating the proper amount, including any amount provided in good faith by or on behalf of the beneficiary. An inaccurate statement of this amount shall not affect the validity of any sale to a bona fide purchaser for value, nor shall the failure to post the notice of sale on a door as provided by this subdivision affect the validity of any sale to a bona fide purchaser for value.

You can search below for distressed properties in San Diego (an outlying areas).

* Separate multiple values with comma.

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12635 Pedriza Road Poway, CA 92064

$600,000
4 Beds
2.5 Baths
2,663 SqFt
Status Contingent
MLS # 160043755
Property Type Detached
Short Sale!!! This 4 bedroom 2.5 bathroom home is located in a quiet Cul-De-Sac.

721 Billow Dr San Diego, CA 92114

$249,999 - $299,999
3 Beds
1 Bath
949 SqFt
Status Contingent
MLS # 160042025
Property Type Detached
Distressed property in Encanto that needs to be updated. Major fixer not for the faint of heart. Bring your tools and make this one shine again!

8965 Butternut Ln. San Diego, CA 92123

$469,000 - $499,000
2 Beds
2.5 Baths
1,695 SqFt
Status Contingent
MLS # 170005786
Property Type Attached
Opportunity is knocking at this 2BD, 2.5BA Townhome w/ its bright open floor plan, 10ft. ceilings, and tile flooring. The open-concept kitchen includes granite countertops, plenty of bar seating, cognac cabinets, and stainless GE Profile appliances. The Master en-suite features 2 closets and a large soaking tub. Full sized laundry, a private balcony, and a fireplace also add convenience and comfort to this urban-style home. Come view the luxury Townhome community of Boardwalk at Spectrum!

913 River Oaks Ln Fallbrook, CA 92028

$526,023
3 Beds
2 Baths
1,684 SqFt
Status Contingent
MLS # 170018545
Property Type Detached
3 BR, 2.5 BA 1684 sq ft home on 1.3 acres w/ bonus rm off kitchen area. Whole house solar system, new roof, new energy efficient HVAC & windows. 2 car garage w/ 1/2 BA, RV parking & circular driveway. Some family fruit trees remain but water had to be reduced for lawn & landscaping due to draught. Pictures are from previous list period (with permission from list agent) & are not reflective of current house & yard condition; provided to show property potential. Requires short sale approval.

474 Weisser Way Chula Vista, CA 91911

$472,500
3 Beds
2 Baths
1,401 SqFt
Status Active
MLS # 170022927
Property Type Detached
Short Sale Approved. BEAUTIFUL HOME ON LARGE CORNER LOT. REMODELED KITCHEN WITH GRANITE COUNTERS AND ESPRESSO CABINETS. CATHEDRAL CEILINGS IN BOTH LIVING AND DINING ROOMS! NEW ENERGY-EFFICIENT WINDOWS! NEW FURNACE! FAMILY FRIENDLY CUL-DE-SAC

6901 Alvarado Rd 2 San Diego, CA 92120

$203,000
3 Beds
2 Baths
990 SqFt
Status Contingent
MLS # 170048366
Property Type Attached
3 Bedroom 2 Bath Condo in San Diego. Needs some Repairs. HOA covers exterior janitorial & courtesy for interior pests once a month. Water & Water heating paid by HOA. HOA has master insurance policy for structure.

3903 Calavo Dr La Mesa, CA 91941

$620,000
4 Beds
3 Baths
2,172 SqFt
Status Contingent
MLS # 170030295
Property Type Detached
Bring your tools! Great opportunity to fix up this 5 bed / 3 bath home up and make it your own! Plenty of potential. Large home on a large lot. Don't miss out!

39459 Via Montalvo Murrieta, CA 92563

$329,995
3 Beds
2 Baths
1,493 SqFt
Status Contingent
MLS # 170030662
Property Type Detached
NICE MURRIETA HOME - Wonderful one-story home in highly sought-after Alta Murrieta. This 3 bedroom 2 bathroom home has an open floor plan. Nice-sized master bedroom and large bathroom walkin closet! Kitchen Granite countertops,neutral back splash, Vaulted ceiling,New tiled master bathroom, beautiful mature plants. Huge 15,246 sq-foot Lot size. Home is centrally located for easy access to freeways for commuter. This home is surrounded by award winning schools and Temecula Wineries! Low Taxes, No HOA!

12491 Gay Rio Drive Lakeside, CA 92040

$390,000 - $420,000
3 Beds
2 Baths
1,431 SqFt
Status Contingent
MLS # 170035006
Property Type Detached
Here is your chance to get a Short Sale that is a major fixer upper, needs everything inside. Larger wooden deck in rear of house is in poor condition and may need to be rebuilt completely.

749 S Mollison Ave 16 El Cajon, CA 92020

$175,000
3 Beds
1.5 Baths
1,344 SqFt
Status Contingent
MLS # 170040834
Property Type Attached
Property may have deferred maintenance, and requiring work. Buyer to pay defaulted HOA fees.

186 E Bonita Calipatria, CA 92233

$79,900
3 Beds
2 Baths
1,250 SqFt
Status Active
MLS # 170044025
Property Type Detached
Interesting single family home that has an approximately 1,250 square feet of living space. Located in Imperial county, this home offers 3 bedrooms and 2 full bathrooms. Features includes a backyard and an open garage. This home is worth taking visit, contact a local agent now for your viewing schedule. “The property has a solar panel installation with an installment payment contract known as a UCC lien. The buyer will have to agree to assume the contract to complete the purchase of the property. Please

2016 Dayton Dr Lemon Grove, CA 91945

$446,000
3 Beds
1 Bath
1,384 SqFt
Status Contingent
MLS # 170045207
Property Type Detached
Great property on a quiet residential street in established Lemon Grove neighborhood. Garage has been converted to a family room. Hardwood floors and upgraded kitchen