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Foreclosure in Carlsbad : Real Estate Advice

  • All277
  • Local Info17
  • Home Buying101
  • Home Selling4
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Activity 16
Thu Feb 26, 2015
Eliot Rachman, GRI answered:
the county clerk posts the foreclosure listings and schedules for sale on their web site. Other people will charge you for the same info.
0 votes 5 answers Share Flag
Wed Jul 16, 2014
Megan Schenck answered:
Hi Masonshrt,

Are you interested in this community? If you have any questions about the homes in this area, community information, etc I can assist you. I am the Broker and Owner for Three Lagoons Realty based here in Carlsbad. My contact info is listed below. Please feel free to contact me anytime.

Thank you,

Megan Schenck
Cell: 858-776-0427
Email: megan@3lagoons.com
www.threelagoons.com
CA BRE: 01735296
... more
0 votes 3 answers Share Flag
Fri Apr 4, 2014
Harold Lear answered:
My office gets list of available properties from our attorney that were Short Sales, These properties are not currently listed... Currently we have 94 available properties through out Southern CA that we sell to investors. Prices range from $750k to $110K. All the properties are priced under Fair Market Value... If interested get in touch with me. ... more
0 votes 6 answers Share Flag
Thu Feb 13, 2014
JR Thrasher answered:
There are 2 foreclosures in Carlsbad right now. Trulia does a lot of things really well, but they don't give that much information on foreclosures. Here is a link to the forclosures on the market in Carlsbad Today: http://www.sandiegorealestateveterans.com/listings/areas/33003/propertytype/SINGLE,CONDO,MULTI,LAND,FARM,MOBILE,INCOME,VAC,RENTAL/listingtype/Foreclosure+Bank+Owned/ Let me know when you would like to go see them.....J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
(619) 929-0105
RealEstate@JRThrasher.com ... P.S. I wrote a blog about finding foreclosures on Trulia, that should answer all of your questions. Here is a link....http://www.trulia.com/blog/SanDiegoRealEstateVeterans/2013/09/finding_foreclosures_on_trulia
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0 votes 9 answers Share Flag
Mon Oct 28, 2013
Evangelina Marshall answered:
Feel free to ask me any questions you have about real estate. I am Eva's co worker and have lived in Carlsbad over 14 years. I would be more than happy to help you with any of your questions.
Judy Goldberg
Windermere RE SoCal
760-274-5910
BRE# 01826333
judygoldberg15@gmail.com
... more
0 votes 3 answers Share Flag
Fri Oct 25, 2013
John Arendsen answered:
Hi Harry, just ran across a couple of pocket listing in Leucadia and Encinitas I'd like to share with you. If you could email me personally at onthelevel@cox.net or call me on my cell anytime I'd be happy to discuss them with you. ... more
0 votes 16 answers Share Flag
Mon Sep 9, 2013
JR Thrasher answered:
There is only one home in Carlsbad which is a foreclosure and is currently listed for sale. Click the link in the web reference below to view the details about the property.

Be careful as to what "Foreclosure Type" you are using in your search criteria. Trulia is kind of bad on how they display properties in the foreclosure process. Homes listed under "Notice of Default” are not for sale. The current owner is at least three months late on their payments and the bank has started the foreclosure process, which can be stopped at any time by the homeowner getting current on their payments.

Regarding homes listed under "Auction" the homeowner is considerably behind in payments and the bank has an auction date scheduled, these homes are not available for showing. The auction is the actual moment of foreclosure. Properties scheduled for "Auction" must be purchased on the court house steps for cash at the appointed time. Email or call me and I'll look up the auction date, location and registration criteria for any home that you are interested in buying at "Auction"

Homes listed as "Bank Owned" went through the auction on the court house steps and no one put in a bid. This is most often the case as banks usually do not sell homes on the courthouse steps for less than what is owed on them. It may take some time for a home to come on the market once the bank takes possession. It is good to have a Realtor set up an alert for the specific address you are interested in so you can take a look at the property the day it comes on the market.

Foreclosures can be a good deal if you have an agent that knows what they are doing. Tracking a home from notice of default through the auction and bank owned statuses takes the right tools that only a few real estate agents have. If you are interested in a home that is in Notice of default it is a good idea to contact a Realtor (like me) with the right tools and have them contact the home owner before the bank gets its hands on the home.

J.R. Thrasher
RealEstate@JRThrasher.com
www.SanDiegoRealEstateVeterans.com
619-929-0105
... more
0 votes 6 answers Share Flag
Fri Feb 24, 2012
Steven Ornellas answered:
Logan:

Your specific situation is material in determining what course of action you should now take. Agents really cannot provide you the tax advice needed at this time and if you try to figure this out on your own you may make matters worse.

Please consult with a CPA and/or Tax Lawyer - getting it right the first time is important.

-Steve
... more
0 votes 7 answers Share Flag
Tue Jul 27, 2010
Loren Sanders answered:
Get the name of a good real estate attorney and have them look at your loan documents to make sure that this is a non-recourse loan, it will be worth the money.
Find out the tax consequences you may have if any from a tax professional.
Make sure any agent you speak to about doing a short sale has actually closed short sales and understands the process and can explain it to you.
Have you talked with your bank yet? Would a modification be an option you might want to consider?
... more
0 votes 8 answers Share Flag
Tue Jul 20, 2010
Cory La Scala answered:
Anna & Susan both gave you great advice. Don't wait any longer to contact an attorney!

If there's nothing you can do, then contact the lender and negotiate cash-for-keys. Don't wait too long though, or they may start eviction proceedings, and you may lose out. Cash for keys is when the new owner (the bank if no one bought your home at the Trustee sale), gives you cash to move out quickly, leaving your home in good condition.

If you have nowhere to go, at least you may be able to get some cash to get into a rental home.

Good luck to you!
... more
0 votes 9 answers Share Flag
Tue Jul 20, 2010
Susan Vanderburgh answered:
Please provide an update about your situation.

If you are still occupying the property, you might receive money to move out (called "cash for keys") if the property has already been assigned to a real estate broker. ... more
0 votes 10 answers Share Flag
Sat Jan 3, 2009
Michael Barron answered:
Hi there Jose
As mentioned most likely will be sold to another bank whi may or mat not finish the develoment.
Did you express an interest inone of these homes?

Kind Regards
Michael Barron
Realtor/MBA
First Team Real Estate
... more
0 votes 2 answers Share Flag
Sat Jan 3, 2009
Tony Cannon answered:
Barratt American filed for bankruptcy on Christmas Eve and Bank of America has taken over as you suspected.
0 votes 1 answer Share Flag
Tue Dec 16, 2008
Dp2 answered:
Actually, you have several options. Although you never stated whether your loan is a commercial or residential mortgage, I'm going to approach this from a commercial real-estate perspective.

First, actually you can try to renegotiate the terms (reduce the interest rate, reduce the principal, increase the amortization period, etc) of your loan. (More on this later.) About a month or so ago several lenders have began to take more of a proactive approach on handling the loan re-modifications. They want to show good faith to Congress, investors, tax-payers and borrowers alike, and they want to show the aforementioned parties that they're trying to work with borrowers before a borrower gets into trouble (ie misses a payment or defaults).

Second, if your property isn't already zoned for its best and highest use, then you can go to your local office of zoning/planning to request to change the use (or zoning) of your property, so that you improve the land for both commercial and residential uses. Modifying the use of your property will immediately increase its value, because your property can be improved in more ways.

Third, while you're there at the local office of zoning/planning, also request to partition your 6 acre lot into several smaller lots. If they approve your request, then get a plat map, take that to the commercial banking division of your lender (or take it to a commercial lender of your lender doesn't have a commercial division), and ask to refinance or to modify the terms of your loan to include a partial release schedule. This way you'll be able to sell and/or rent your land as individual plots.

Fourth, if your land is in an area that's either in hot demand or in the line of progress, then you might want to reach out to some other developers and investors to see if they're interested in all or a portion of your land. If so, then you could either sell or rent the use of all or a portion of that land. If you opt to rent the land, then you should look into doing a ground lease.
... more
1 vote 3 answers Share Flag
Sat Jan 12, 2008
Roberta Murphy answered:
Alessandra:

La Costa is generally stable, especially for homes in South La Costa that are in the Encinitas and San Dieguito school districts.

Short sales are starting to appear, though, in homes bought or refinanced with marginal financing in 2005-2006.

To see real time market stats for the La Costa area, just click the link below:
... more
0 votes 7 answers Share Flag
Sat May 12, 2007
Roberta Murphy answered:
I would encourage you to include FSBO's, foreclosures and short sales in your search. The best buys, though, often come from motivated sellers who have adequate equity to price their homes even more aggressively than the debt-burdened properties. You may be interested in this article about what could be the best real estate buy of all: ... more
1 vote 2 answers Share Flag
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