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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).

29600 Andromeda St Murrieta, CA 92563

$550,000
5 Beds
3.5 Baths
3,233 SqFt
Status Pending
MLS # NDP2112761
Property Type Single Family Residence
Price Type --
Please join me to tour the perfect opportunity you’ve been waiting for! We have priced to attract attention in consideration for your patience needed for the short sale or lien release process. This beautiful 5 bedroom, 3.5 bath home offers 1 bedroom and 1.5 baths downstairs and a large loft upstairs with built-in desk space. The large open floor plan is an entertainer’s dream with the eat-in kitchen opening on either side to the spacious family room and dining area. This gorgeous kitchen features an island, walk-in pantry, granite countertops, walnut cabinetry, and a gas cooktop. The master bedroom offers views of the mountains, an enormous walk-in closet and large bathroom with dual vanity, shower and separate soaking tub. Each additional bedroom is spacious with ample closet space and ceiling fans. The floorplan of the home is ideal for any size family. The backyard is large and has an incredible wooden play structure that will convey with the sale of the home. Enjoy the mountain views and the proximity to the golf course, freeways, shopping and parks!

24993 Painted Rock Road Ramona, CA 92065

$651,200
3 Beds
2 Baths
2,513 SqFt
Status Active
MLS # IV21254296
Property Type Single Family Residence
Price Type --
Built in 1958 this three bedroom two bath home has 2,513 square feet of living space and sits on five acres!!! Located in San Diego County, this property features beautiful mountain views!! With a little TLC, this would make a perfect home. The property is occupied so all potential buyers are asked to check with City, County, and Tax and other 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.

17077 Creekside Circle Morgan Hill, CA 95037

$679,000
3 Beds
2.5 Baths
1,473 SqFt
Status Pending
MLS # ML81871241
Property Type Condominium
Price Type --
Short Sale Opportunity in the beautiful Creekside Village Community! The vaulted ceilings and open space in this 3 bed, 2.5 bath home is the perfect canvas to customize your living space. In addition to the private backyard and attached 2 car garage, you can reap all the benefits of the gated community with amenities including a Club House, Pool, Tennis Court, and Gym. Set in the heart of Downtown Morgan Hill, with amazing restaurants, shopping, wineries, and a highly rated school district, you don't want to let this pass you by. ***Must be approved by lender***

10131 Bell Avenue Lower Lake, CA 95457

$248,300
2 Beds
1.5 Baths
1,440 SqFt
Status Active
MLS # IV21256825
Property Type Single Family Residence
Price Type --
Have you always dreamed about having a home out of the hustle and bustle, yet not far from the water and freeways? This multi-story residence is nestled away and is waiting for you. Relax in tranquility at home or venture out a short distance to many outdoor recreational activities, Clear Lake, a vast array of cuisines, shopping, and entertainment. Excellent opportunity to put your finishing touches on this gem and make it your own. 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. This is a REO Property.

158 Kern Street Unit 12 Salinas, CA 93905

$263,200
2 Beds
1 Bath
946 SqFt
Status Active Under Contract
MLS # IV21265618
Property Type Condominium
Price Type --
Don’t blink and miss this rare opportunity to own your own property with so much to offer at an affordable price. This two-bedroom condominium features covered parking, fireplace, a swimming pool, spa, sauna, clubhouse, and is pet friendly. This convenient location is a short distance to spectacular shopping, a vast array of restaurants, numerous outdoor recreational activities, golf course, airport, and numerous freeways. Don’t miss this unique opportunity! Excellent opportunity to put your finishing touches on this gem. Come make this “home”! All potential buyers are asked to check with City, County, Tax, Association, and other 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.

563 E Bonnie Brae Court Ontario, CA 91764

$380,000
3 Beds
1 Bath
1,120 SqFt
Status Pending
MLS # PW21269594
Property Type Single Family Residence
Price Type --
SHORT SALE GREAT PROPERTY MUST SEE ... NEEDS SOME TLC.

24909 Madison Avenue Unit 2124 Murrieta, CA 92562

$295,000
2 Beds
2 Baths
1,159 SqFt
Status Pending
MLS # ND22005573
Property Type Condominium
Price Type --
Short Sale, INCREDIBLE Opportunity to turn this home into your dream home!! Must See! - This home features 2 bedrooms, 2 baths, a 1 car an assigned parking space. Lots of potential but Home needs TLC. Home needs a minor rehab with paint, carpet. Open kitchen to living room. Amenities include a club house, gym, pool, racquetball court, and spa! Easy access to 1-15 & 215. Great home & layout, ready for your perso touches & upgrades!

3018 E Avenue H4 Lancaster, CA 93535

$300,000
2 Beds
1 Bath
780 SqFt
Status Pending
MLS # BB22008304
Property Type Single Family Residence
Price Type --
Come see this charming 2 bedroom/ 1 bath home with an enclosed patio that runs the length of the home. The property has block walls on two sides for privacy and chain link fence separates the home and yard from the side lot, featuring a large workshop (which could be the garage). There is plenty of room for all your pets and more than one RV...hook-ups and electricity already in place. Home needs some TLC. It is in the Averydale Water District and is on the market as a short sale,

2310 N Catalina Street Burbank, CA 91504

$375,000
2 Beds
1 Bath
1,040 SqFt
Status Pending
MLS # BB22009105
Property Type Single Family Residence
Price Type --
Perfect opportunity for Development in the middle of Burbank . The property has been completely Gutted out . This is a short sale and it is subject to Lenders approval . Commission will be 50/50 based on the final approval of the purchase price . Drive by only Due to the Covid. Please text Zorik for more info .“The sale of the property contingent on the mortgage holders and the mortgage insurer's if applicable, agreement to the sale. The seller's obligation to perform on this contract is subject to the rights of the mortgage insurer (if any) and the mortgage holder relating to the conveyance of the property.

220 Mount Olive Drive Bradbury, CA 91008

$1,700,000
4 Beds
4 Baths
3,978 SqFt
Status Pending
MLS # PW22007572
Property Type Single Family Residence
Price Type --
Situated in the foothills of the San Gabriel mountains, this Bradbury estate is an entertainers dream. Comprised of over 2 acres this 4 bedroom 4 bathroom 3,978 sq ft home has city lights views from nearly every room in the house. Let the soaring ceilings & hardwood floors take your breath away as you enter through the double doors. The kitchen is complete with a Sub Zero refrigerator, dual sinks, double ovens and travertine countertops. A formal dining room and living room sit just off the kitchen with ample dining space. Retire to your main level primary bedroom with city lights views complete with master retreat, his and hers sinks, cedar lined closet, Jacuzzi tub and spacious shower. Downstairs is a family room with kitchenette, and three bedrooms. Two bedrooms downstairs have full attached bathrooms and one has a private entrance from the exterior of the home. The backyard has a sprawling grass area while the side yard has a custom salt water pool complete with spa, rock waterfall, integrated lighting in and out of the pool, entertaining area with artificial grass and raised cabaña. Please note property is listed as a short sale, in need of repair. Description is indicitive of layout and amenities, but property will need substantial repair/upgrading to bring condition up to par. Termite report showed substantial damage and home inspection had numerous items noted as well.

4283 Ashworth Road Mariposa, CA 95338

$404,700
4 Beds
4 Baths
2,650 SqFt
Status Active Under Contract
MLS # IV22022566
Property Type Single Family Residence
Price Type --
Tired of the hustle and bustle? Have you always dreamed about living a more relaxing life? This is a unique opportunity to live on a large on approximately 5 acres nestled away in the Gateway to Yosemite. This executive style home boasts four bedrooms, four-bathrooms, three-car garage, and is an entertainers delight. Enjoy your tranquil privacy, or venture out a short distance to restaurants, shopping, 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, County, Zoning, Tax, and other records to determine all details on this property listed above to their satisfaction. This is an AS-IS REO property.

1260 Camino Del Sol Perris, CA 92571

$499,000
4 Beds
2.5 Baths
2,394 SqFt
Status Pending
MLS # IV22030196
Property Type Single Family Residence
Price Type --
This is a first time home buyer or investors delight! The home is in a centrally located, freeway close neighborhood. Property has loads of potential but needs some TLC. With a few items like carpet, paint, minor cosmetic repairs and window treatments this house will be a fantastic home! Go See for yourself! Short Sale subject to bank approval!