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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).

23067 Teil Glen Road Wildomar, CA 92595

$575,000
4 Beds
2.5 Baths
2,467 SqFt
Status Active
MLS # SW22093996
Property Type Single Family Residence
Price Type --
Windsong Valley family home is a Diamond in the rough Fixer upper and needs work. SHORT SALE Sold as-is.

22006 Mohican Avenue Apple Valley, CA 92307

$295,000
3 Beds
2 Baths
1,242 SqFt
Status Active
MLS # CV22098327
Property Type Single Family Residence
Price Type --
Attention all investors. This house is in foreclosure and personal representative is willing to negotiate. Make your best offer. This 1242 square foot single family home has 3 bedrooms and 2.0 bathrooms. Property is almost a full fenced acre. Has fireplace and large garage with storage. Needs some paint and repairs.

2155 Euclid Ave El Cajon, CA 92019

$1,550,000 - 4Br/4Ba -  for Sale in El Cajon, El Cajon
Open House
$1,550,000
4 Beds
3.5 Baths
2,861 SqFt
Status Active
MLS # 220011938SD
Property Type Single Family Residence
Price Type --
*OFFERED RANGE: $1,300,000-$1,550,000!! CUSTOM BUILT 2,861 SF HOME FEATURING 3 BEDS, LOFT AREA & 3.5 BATHS! SITTING ON .9 ACRE IN GRANITE HILLS-NEAR SHADOW MOUNTAIN!! LONG TERM OWNERS HAVE LOVINGLY CARED FOR THIS PROPERTY & UPGRADED WITH NEWER OWNED SOLAR, REMODELED CHEF'S KITCHEN & FRESH INTERIOR PAINT!! OPEN CONCEPT FLOOR PLAN AND ENTERTAINER'S DREAM BACKYARD-FEATURING LARGE SPARKLING POOL, SPA, OUTDOOR KITCHEN/PALAPA W/GAS BBQ, BAR, FIREPIT, TV & ALL THE BELLS & WHISTLES!! 18 HOLE PUTTING GREEN W/2 TEE BOXES,HORSESHOES, & ROOM FOR A PLANNED ADU! PLEASE SEE SUPP. FOR ALL THE OUTSTANDING FEATURES! *LOCATION!! LOCATION!! DON'T MISS THE OPPORTUNITY TO OWN ALMOST AN ACRE WITH CUSTOM BUILT HOME IN GRANITE HILLS! SPACIOUS FLOOR PLAN W/VAULTED CEILINGS & CUSTOM FEATURES THROUGHOUT!! GET THE WOW FACTOR WHEN ENTERING THE SPACIOUS FORMAL LIVING/GREAT ROOM AREA W/OPEN VAULTED WOOD CEILING! ALL LARGE BEDROOMS!! OPTIONAL 4TH BEDROOM/LOFT AREA!! GORGEOUS REMODELED KITCHEN TO DIE FOR-TONS OF LOVELY UPGRADED CABINETS- BUILT IN BUFFET, GRANITE COUNTERTOPS,4 BURNER GAS STOVE W/WOK ACCESSORY & HUGE BUILT IN WINE RACK-PERFECT FOR THE CHEF IN THE FAMILY!! OWNED SOLAR FOR BOTH HOUSE & POOL...SAY GOODBYE TO SDG&E!! AND ENTERTAINER'S DREAM BACKYARD...GORGEOUS POOL,SPA, PALAPA/BARBECUE OUTDOOR KITCHEN W/BAR SEATING, FIREPIT, TV, STEREO, FRIDGE,FREEZER, MICROWAVE, AND FOUNTAINS/LIGHTING..PERFECT FOR THAT OUTDOOR STAY AT HOME VACATION...NOT TO MENTION THE 18 HOLE PUTTING GREEN! MANY FRUIT AND NUT TREES, AND LOTS OF ROOM FOR ALL THE ANIMALS, RV AND TOYS! LOCATED IN THE HIGHLY DESIRED GRANITE HILLS HIGH SCHOOL DISTRICT W/OLYMPIC SPORTS SWIMMING & TRACK, AS WELL AS A PERFORMING ARTS THEATER!!**ARCHITECTURAL PLANS FOR ADU & SWIMPLY FINANCIALS ARE AVAILABLE AT PROPERTY** Architectural Style: Custom Built View: Custom Built Equipment: Garage Door Opener,Pool/Spa/Equipment, Range/Oven, Shed(s) Sewer: Septic Installed

4501 Baybrook Way Bakersfield, CA 93313

$125,000
3 Beds
1 Bath
1,052 SqFt
Status Pending
MLS # DW22103319
Property Type Townhouse
Price Type --
This is a short sale, major TLC.

2980 Oakmont Drive San Bruno, CA 94066

$1,282,500 - 3Br/2Ba -  for Sale in San Bruno
New
$1,282,500
3 Beds
2 Baths
1,430 SqFt
Status Active
MLS # ML81892437
Property Type Single Family Residence
Price Type --
Bank Owned ! Located in a Desirable and Mature Neighborhood. Easy Access to Freeways, Close to Many Amenities such as Shopping Malls, Shopping Centers, Schools and Parks. Handyman Special ! Lots of Potential ! Add on rear Patio, Permit unknown, Buyer to verify

10332 Woodbridge Street Toluca Lake, CA 91602

$1,200,000 - 2Br/2Ba -  for Sale in Toluca Lake
Open House
New
$1,200,000
2 Beds
2 Baths
1,591 SqFt
Status Active
MLS # SR22104346
Property Type Single Family Residence
Price Type --
Live Auction! Bidding to start from $1,200,000! Major Renovation or Tear-Down in a very desirable neighborhood of Toluca Lake surrounded by multi-million dollar residences. Available for the first time in 60 years. Bring your ideas or draw up plans for your dream home. The existing home is a spacious 2 bedroom, 2 bath, stucco and wood trimmed bungalow with a two-and-a-half car, detached garage on a tree lined, quiet street. All mechanicals are in functioning condition but older. The 6,800+ s.f. lot offers opportunity to add-on or build a much larger home. PRESENT OFFERS IN ADVANCE TO CANCEL THE AUCTION. Inspection reports and all seller disclosures available for review prior to offer. THIS IS A NON-DISTRESSED AUCTION PROPERTY; NOT IN FORECLOSURE. Buyer agent compensation and all types of financing will be considered. Download the 21 page HomeBook from Supplements.