Foreclosure Home Search

Great Western Realty Group can help you find foreclosures anywhere in Southern California, including Mission Viejo, San Clemente, Laguna Beach, Rancho Santa Margarita, Lake Forest, Laguna Hills, Irvine, and much more through our Multiple Listing Service (MLS).

Bank owned properties are providing a larger and larger percentage of our housing market.

While prices are very attractive, there are things to consider. First, banks do not want to own these properties very long. The list prices are normally designed to be so attactive as to result in multiple offers within the first week of listing when many properties sell for over asking price. The best opportunity for price concessions occur after the bank has had the home on the market for 20-30 days or more. Unlike other sellers, banks list homes for the price they want to get. However, this doesn't mean they will get this price and you will notice price reductions take place in a methodical fashion.

Banks sell properties "as-is". It's important to note that this does NOT eliminate your right to a thorough home inspection nor does it mean that you have to accept the condition you find. You can still use your home inspection contingency to close an escrow based on the information you recieve. Additionally, if the inspection uncovers a major problem, such as toxic mold, most lender will provide some form of compensation. They will either fix the problem, or provide a credit so that the buyer can fix the problem after the close of escrow. With bank owned properties, the home inspector you use is critcal.

We at Great Western Realty Group will make sure you have access to our independent inspector who is also a certified mold expert so that you can make an informed decision about the condition of the home.

You can use the search option below to search for foreclosure properties that fit your criteria.

All Great Western Realty agents are members of the  National Association of REALTORS®.

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