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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).

11431 Camp Rock Road Lucerne Valley, CA 92356

$165,100
3 Beds
2 Baths
1,654 SqFt
Status Active Under Contract
MLS # IV22204477
Property Type Single Family Residence
Price Type --
Wow, Wow, Wow!! Single family residence with over 37 acres of land in Lucerne Valley, CA. This home sits on an amazing amount of land for an incredible price. Truly if you blink it will be sold. This is a great opportunity to put your finishing touches on this gem. Don't miss this unique chance to say ''hello'' to your new dream getaway! 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.

1685 S Norfolk Street San Mateo, CA 94403

$1,999,999
5 Beds
4 Baths
1,602 SqFt
Status Active
MLS # OC22205787
Property Type Single Family Residence
Price Type --
Unique property with 4 bedrooms and 3 bathrooms in main home, PLUS legal ADU of 1 bedroom and 1 bathroom in the garage. This home is currently in foreclosure and in need of a quick sale. Property is currently tenant (all on month to month basis) occupied and generating over $8,000.00 rental income per month. You could occupy the home yourself! The home has newer flooring plus stainless steel appliances. House has lots of deferred maintenance but unbelievable potential on very nice street, just needs some TLC. Excellent Opportunity!

14058 Driftwood Drive Victorville, CA 92395

$345,000
4 Beds
3 Baths
1,764 SqFt
Status Active
MLS # HD22202441
Property Type Single Family Residence
Price Type --
Spring Valley Lake Community home with 4 bedroom home with 3 baths, one of the bedrooms has a private entrance bedroom w/bath that can be used for various living situations where needed privacy attached to the home. Large open living room with fireplace will be great for gatherings. Kitchen has sitting bar with lots of storage and real wood floors. Larger than most primary bedroom and ample sized secondary bedrooms. A little updating on this property will go a long way with this floor plan! Enjoy this lake community with parks, lake, marina, dog park, beach, fishing, and private country club with golf course! Subject to Short Sale Approval!

15635 Wharff Lane Lawndale, CA 90260

$675,000
3 Beds
2 Baths
1,482 SqFt
Status Active
MLS # DW22216753
Property Type Single Family Residence
Price Type --
PROBATE SALE & SHORT SALE LENDER NO COURT CONFIRMATION LOCATED IN A TRANQUIL CUL-DA-SAC STREET 3 BEDROOM 2 BATH PROPERTY SHOWS DEFERRED MAINTENANCE PROPERTY WILL NOT QUALIFY FOR TRADITIONAL FINANCING DUE TO IT'S PRESENT CONDITION

2245 Highway 78 Julian, CA 92036

$401,900
3 Beds
2 Baths
1,786 SqFt
Status Active Under Contract
MLS # IV22219093
Property Type Single Family Residence
Price Type --
Welcome to Julian, California. Home of the best apple pies in the state. This two-story home sits on approximately 71,002 square feet. Telecommuters why rent when you can live here for less in this nice small-town community. This is a great opportunity to put your finishing touches on this gem. Don't miss this unique chance to say ''hello'' to your new dream getaway! 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.

14808 Aztec Street Sylmar, CA 91342

$657,600
3 Beds
2 Baths
1,406 SqFt
Status Active
MLS # IV22222280
Property Type Single Family Residence
Price Type --
Welcome to Sylmar, California. This single-family residence is on one level and sits on an approximate lot size of 8,146 square feet. If you blink it will be sold. This is a great opportunity to put your finishing touches on this gem. Don't miss this unique chance to say ''hello'' to your new dream getaway! 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. First 30 days must be owner occupant cash only offers.

7940 Vineland Avenue Sun Valley, CA 91352

$648,000
5 Beds
4 Baths
1,968 SqFt
Status Active Under Contract
MLS # IV22223786
Property Type Single Family Residence
Price Type --
A diamond in the rough awaits you in Sun Valley California. This Single-family residence needs you to roll up your sleeves and put on your designer touches to make it a dream home. The home sits on a lot of approximately 6,840 square feet. If you blink it will be sold. 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.

2021 W 70th Street Los Angeles, CA 90047

$525,000
3 Beds
2 Baths
1,439 SqFt
Status Pending
MLS # 22207685
Property Type Single Family Residence
Price Type --
Fixer, Need quick sale. Foreclosure

3610 Latrobe Street Montecito Heights, CA 90031

$600,000
3 Beds
2 Baths
1,268 SqFt
Status Active
MLS # SR22201115
Property Type Single Family Residence
Price Type --
Reimagine this Montecito Heights mid-century fixer with superb location and views! Situated in the hills above Highland Park take advantage of a lower price to repair and remodel this gem. You will enjoy close proximity to all the best that the Eastside has to offer including hip restaurants, the Audubon Center, Heritage Square, Lummis House, and The Southwest Museum. For nature lovers, there is quick access to the trailhead of Debs Park. The home was initially built as a two-bedroom, one-bath, and over the years was expanded to three bedrooms and two baths. The home has beautiful views, a charming brick courtyard, and a separate laundry casita. For the CASH investor or CASH investor/owner, this is an excellent opportunity to rebuild/repair and value-add in a highly desirable neighborhood. Please be aware that there are foundation issues. SHORT SALE SUBJECT TO FULL LIENHOLDER APPROVAL

29484 Day Rd. CA 96056

$110,000
3 Beds
2 Baths
434 SqFt
Status Active
MLS # 41011392
Property Type Single Family Residence
Price Type --
A complete remodel is needed. This is a BANK OWNED PROPERTY. Bank will do no inspections or repairs. Value is in land with well septic and power. Please show carefully

1049 Don Alvarado Street Arcadia, CA 91006

$1,390,700
5 Beds
3 Baths
3,015 SqFt
Status Active
MLS # IV22228987
Property Type Single Family Residence
Price Type --
Welcome to Arcadia, California. Large Single-family residence and a good size lot. This home sits on a lot size of approximately 11,859 square feet. If you blink it will be sold. This is a great opportunity to put your finishing touches on this gem. Don't miss this unique chance to say hello to your new dream getaway! 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.

2012 E Lucien Street Compton, CA 90222

$450,000
3 Beds
1 Bath
898 SqFt
Status Active
MLS # 22186177
Property Type Single Family Residence
Price Type --
Property is in Probate with Limited Authority... Also in Foreclosure... Submit all offers 'Subject to Inspection... The Highest & Best will be scheduled a showing... New windows... Solar panels installed in 2015 via the LA County HERO Program... Contact LA 1 for further details... DO NOT WALK Property...