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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).

18515 Madrone Street Unincorporated, CA 95379

$228,400
3 Beds
2 Baths
1,558 SqFt
Status Active
MLS # MD21109004
Property Type Single Family Residence
Price Type --
Don’t miss out on this is a spectacular opportunity to own a home in a convenient location at an affordable price. This residence features three bedrooms, two bathrooms, wood-like floors, and a fireplace. Relax in your private yard, or venture out a short distance to outdoor recreational activities, restaurants, shopping, entertainment, casinos, and so much more. A great opportunity to put your finishing touches on this gem. Don’t miss this unique chance to say “hello” to your new home! All potential buyers are asked to check with city and tax records to determine actual bedroom, bathroom counts and all details on this property listed above to their satisfaction. This is an AS-IS REO property.

7843 Bangor Avenue Hesperia, CA 92345

$325,000
3 Beds
2.5 Baths
2,107 SqFt
Status Active
MLS # 535364
Property Type Single Family Residence
Price Type --
SHORT SALE -- This 3Bedroom, 2Bathrooms, needs some TLC, but has some GREAT FEATURES! It has a fireplace in the living room and a wood-burning stove in the family room. Custom 2-Car Garage with a separate laundry room, a 1/2 bath and a closet. There is a chain-link fence with double gates around the entire home. Come take a look!

2828 N Anchor Avenue Orange, CA 92865

$599,900
3 Beds
2 Baths
1,183 SqFt
Status Pending
MLS # DW21111249
Property Type Single Family Residence
Price Type --
Great home in the city of Orange, needs some work and TLC bring your Handy mand and don't let this one pass you by! SHORT SALE, DO NOT DISTURB OCCUPANTS

22409 Yerba Santa Road Sonora, CA 95370

$392,200
4 Beds
4 Baths
2,956 SqFt
Status Active Under Contract
MLS # MD21113900
Property Type Single Family Residence
Price Type --
Have you always dreamed about living a more relaxing life away from the hustle and bustle at an affordable price? This is a unique opportunity to live on over five acres, four bedrooms, four bathroom, with central air conditioning, a six six car garage, fireplace, and an open floorplan. This large, one-story awaits your personal touches. Enjoy your tranquil privacy, or venture out a short distance to restaurants, or the vast amounts of outdoor recreational activities. Don't let this rare opportunity to own a piece of paradise get away from you! All potential buyers are asked to check with city and tax records to determine actual bedroom, bathroom counts and all details on this property listed above to their satisfaction. This is an AS-IS REO property.

2735 Stirling Ct Carlsbad, CA 92010

$800,000
4 Beds
3 Baths
2,094 SqFt
Status Pending
MLS # NDP2106008
Property Type Single Family Residence
Price Type --
Live Auction SHORT SALE! Ocean Views. Bidding to start from $800,000! Gorgeous home on large lot located in the highly sought after The Colony at Calavera Hills. This 4 bedroom home with three full bathrooms is 2,094 square feet.  One bedroom is located downstairs.  Upgrades include High end Core Tech Vinyl Plank flooring throughout the whole home. Remodeled kitchen with S/S appliances, new cabinetry, and garden window to view stunning backyard. Backyard is like a tropical oasis with fruit trees, palm trees, fire pit and lots of space to add your own creativity.  Ceiling fans in Dining area, Living room and all bedrooms. Recessed Lighting throughout.  Den/office space at the top of the stairs has built in desk and track lighting.  All bathrooms remodeled, First bathroom is downstairs near the lower Bedroom,  Second bathroom is attached to the Jack-n-Jill Bedrooms.  The master bath includes attached laundry, new tile flooring, spray jets in shower.   Deck off of the master has  amazing view of Carlsbad Highlands Ecological Reserve, mountain range and ocean view.  Prime location with quick access to college/El Camino, is on a cul-de-sac . Don’t miss out on this gem of a home! Solar will be paid off through escrow.

9320 Bass Road Kelseyville, CA 95451

$219,000
2 Beds
1 Bath
903 SqFt
Status Pending
MLS # LC21115329
Property Type Manufactured On Land
Price Type --
Seller MUST SELL TO ALL CASH BUYER AND CLOSE NO LATER Than JUNE 20TH TO AVOID FORECLOSURE!!!!!! This Tastefully modernized, remodeled 1972 manufactured home has soaring lake views! Rest & Relax while enjoying panoramic views of Clear Lake & Mt Konocti! Own your own 0.25 acre hilltop parcel includes Deeded Beach access to a lakefront shared pier & dock. Enjoy year round boating fishing or water sports right our your back door. At the view side of the home find the Partial wrap-around style covered decking w/ built-in barbecue to entertain your family & friends while overlooking the green lawn shaded with trees & the beautiful lake below. Open living room with cabin-like feel from knotty pine wood walls. Country style kitchen and eating area, knotty pine wood cabinets, Farm sink insert & modernized stained cement finish counter tops. New Laminate floors and Monitor heater add to the warmth of this cozy floor plan. Home features slider door from living room and master bedroom with seamless access to the covered back deck. Two additional smaller rooms are located just off the nicely updated bathroom with corner shower, granite vanity and tiled flooring. Carport AND separate 1 Car Garage with attached workshop/laundry room, providing ample storage space. This lovely home & location would make a perfect vacation retreat and/or VRBO investment. The homes exterior has a cabin feel with stained wood & stone wall facade at the exterior. The roof was upgraded to composition with extra insulation. New Septic Tank was added in 2016.

526 Calhoun Place Hemet, CA 92543

$44,000
3 Beds
2 Baths
1,404 SqFt
Status Active
MLS # IV21115014
Property Type Single Family Residence
Price Type --
Don’t blink and miss this spectacular opportunity. This convenient location is near shopping, a vast array of restaurants, numerous outdoor recreational activities, golf course, hospital, schools, and freeways. This property had a fire and is now uninhabitable. This property/lot is on a corner location. Don’t miss this unique opportunity to be creative! Exterior drive by inspections only. All potential buyers are asked to check with city and tax records to determine actual bedroom, bathroom counts and all details on this property listed above to their satisfaction. This is an AS-IS REO property.

100 Picasso Oakley, CA 94561

$699,900
4 Beds
3 Baths
3,098 SqFt
Status Active
MLS # 40953717
Property Type Single Family Residence
Price Type --
Priced to sell, bank owned four bedroom and three bath two story home with loft located on a corner lot. Window shutters throughout. Laminate, tile and carpet flooring. Stainless steel appliances (no refrigerator) with eat in kitchen bar. Formal living and dining room. Close to schools, parks, walking trails and Delta waterways.

6342 Alta Vista Ridge Road Simi Valley, CA 93063

$398,000
1 Bed
1 Bath
613 SqFt
Status Active
MLS # WS21125777
Property Type Single Family Residence
Price Type --
REO. Attention Investors and Developers. unfinished home with unfinished garage.

27413 Yellow Wood Way Murrieta, CA 92562

$599,900 - 4Br/3Ba -  for Sale in Murrieta
New
$599,900
4 Beds
3 Baths
3,073 SqFt
Status Coming Soon
MLS # SW21130025
Property Type Single Family Residence
Price Type --
Great Location! Murrieta Oaks Community. Large open floor plan,4bed, 3bath and 3 car tandem garage, huge living room with a grand foyer that flows into the large great room off the open kitchen. Deep walk-in pantry, center island, and lots of cabinets. Main floor bedroom with bathroom close by for a nice guest room setting. This home has a wonderful master bedroom suite with two large walk-in closets, a separate tub and shower with dual sinks, and a vanity area. The two nice size hall bedrooms have a Jack and Jill bathroom! There is an open loft great for a movie room plus a separate media area for homework/computers. No west side neighbors to allow for gorgeous sunsets while enjoying this large pool size backyard. Yard has block walls on two sides, home is at the end of the cul-de-sac in a great neighborhood. This home has lots of potential. No HOA, just around the corner of Antelope Hills Elementary and park. Close to freeway, Super Target, and the new Costco will be just minutes away. Please follow all guidelines pertaining to Cov19 regulations. “This is a short sale. All price, terms, commissions and conditions subject to lender approval”

27169 Nudgent Street Boron, CA 93516

$24,900 - 2Br/1Ba -  for Sale in Boron
New
$24,900
2 Beds
1 Bath
524 SqFt
Status Active
MLS # MD21131323
Property Type Single Family Residence
Price Type --
Don’t blink and miss this spectacular opportunity. This convenient location is near shopping, a vast array of restaurants, numerous outdoor recreational activities, schools, and freeways. This property uninhabitable. Don’t miss this unique opportunity to be creative and make this home! All potential buyers are asked to check with City and Tax records to determine actual bedroom, bathroom counts and all details on this property listed above to their satisfaction. This is an AS-IS REO property.

9522 S Halldale Avenue Los Angeles, CA 90047

$360,050 - 2Br/1Ba -  for Sale in Los Angeles
New
$360,050
2 Beds
1 Bath
600 SqFt
Status Pending
MLS # CV21131623
Property Type Single Family Residence
Price Type --
Short Sale subject to lender approval