ForeclosureDeals offers a solid database of San Diego bank owned foreclosure homes and San Diego government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These San Diego repossessed homes can be found in a number of ways, such as pre foreclosures, short sales, foreclosure auctions, flipping homes, bankruptcies and home foreclosures for sale in San Diego, CA. Our up-to-date real estate foreclosure listings in San Diego offers cheap distressed properties for buying & investing, in a great variety of properties like commercial & residential, multi & single family homes, lands, condos and apartment foreclosures in San Diego area.
Massive high-rises, stunning views from marinas and performances that will leave you in awe. These are just a few of the reasons that you will find the thought of purchasing real estate in San Diego even more enticing. If you"re looking to San Diego for investing, you're curious about condos or apartments in foreclosure or single-family homes for sale, this is the place to come. From La Jolla, to Uptown, from Southside to Escondido, San Diego has something for everyone, from rodeos to art museums, from casinos to salons and, yes, cheap real estate as well. Take advantage of these opportunities and start searching for foreclosed homes for sale in San Diego, CA now!
Anyone looking for real estate opportunities in the United States has a wealth of options to choose from - especially if one is looking for cities with growing populations that are in demand.
San Diego, California is one such city. With the eighth-largest population in the country - 1.3 million people - San Diego is a bustling hub for international trade, tourism, manufacturing, and the defense industry. It also boasts some of the best weather in the country and a rich cultural heritage that both attract millions per year.
For these reasons, San Diego is a prime candidate for your next real estate venture.
As mentioned, San Diego is the eighth-largest city in the U.S. Founded in 1769, San Diego has long been a cultural capital of Southern California. Its population is one of the most diverse in the state, and its proximity to Mexico - as well as the presence of a deep-water harbor - gives the city a multicultural look and feel.
Tourism is one of the main drivers of the local economy. Every year, tourists contribute $15 billion to the local economy due to several popular national events hosted in San Diego as well as the city's beautiful weather, beaches, and tourist attractions (like the world-famous San Diego Zoo).
Many domestic technology and manufacturing companies, as well as international trade companies, have their headquarters in San Diego. The unemployment rate for the area is typically below the national average. The city's population is also growing at an above-average rate.
Median home prices in San Diego vary by neighborhood. One unique thing about San Diego is that the city is naturally divided by geography; as a result, its neighborhoods are more like little villages, hence the variety in home prices. For the entire city, the median price hovers around $346,000, with a median value per square foot of $254. Mission Beach has the highest median value; Chollas Beach has the lowest.
San Diego is rife with prime real estate opportunities, particularly in areas that feature low crime rates, stable home prices, proximity to attractions, entertainment, and employment, and high rates of sales. This last metric is particularly important because it gauges how much demand there is for a neighborhood (which means investing and selling will be easier).
Black Mountain Ranch, Core-Columbia, East Village, Harborview, and Normal Heights are all areas with sale rates well above the city's average of 4.7%. The areas of the city that featured high percentages of homes sold for gain include Bay Park, Clairemont Mesa West, Linda Vista, Mira Mesa, Rancho Penasquitos, and Scripps Ranch.
For those who want to avoid foreclosures, areas with the lowest foreclosure rates include Carmel Mountain, Del Mar Heights, La Jolla Village, Miramar Ranch North, Park West, and Tierrasanta. For foreclosure investors, areas with high rates of foreclosure include Chollas Creek, Colinadel Sol, Golden Hill, Mt. Hope, and Teralta East.
All foreclosure properties in California must go through one of two processes: a non-judicial foreclosure process, or a judicial foreclosure process. Of the two, non-judicial foreclosures are far more common; judicial foreclosures must be initiated with a lis pendens filing and then go before a court for approval before they can be sold at auction.
For the non-judicial foreclosure process, the average timeline is approximately 120 days after default. According to state law, 60 days must pass between the Notice of Default and a Notice of Sale, and two more weeks must pass before a foreclosure sale is held. Delays typically push the process back, though. Only properties secured by a mortgage or deed of trust with a Power of Sale clause can go through the non-judicial foreclosure process.