Daily Updates

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The daily updates is a FREE service that allows clients to receive ONLY their specified types of homes by zip, size, bedrooms, baths, type of sale, etc., on a DAILY basis.

It allows them the ability to see and interact with their own personalized website.

The client is e-mailed a link, which takes them to their website. Once on their site, they are able to save their preferred properties to their “Favorites”, “Possibilities” or “Rejects” folders. They can even make notes regarding what they liked about each property, on the site for future reference.

The system is so advanced that it will automatically delete homes out of your “Favorites” folder, that have been sold, usually before you have taken the time to go look at them, saving you time and disappointment.

FORECLOSURES are homes that are owned by the banks, otherwise know as REO properties. The banks typically will not deal directly with the general public on foreclosure homes, because of liability and disclosure concerns. They usually prefer to have foreclosure homes sold through local real estate agents.

Signing up for these daily updates are the best, most convenient and up-to-date source for ALL the foreclosure homes that exist in San Diego.

Since foreclosure homes are owned by the banks as "non-performing assets", they are very eager to get them off their books as quickly as possible. Lenders usually respond to offers within 3 days.

Foreclosure homes are currently being sold 5% to 10% below TODAY'S already significantly lower market prices, and are an fabulous value for buyers.

All bank owned foreclosures are sold "as-is", however, buyers are still allowed to get a thorough home inspection and have the foreclosure purchase "contingent upon their approval" of the results of the home inspection. Many foreclosures only require cosmetic repairs, but some do get damaged and require extensive repairs.

During the first quarter of 2008, homes acquired by lenders through foreclosure accounted for 33% of all sales of previously occupied homes in California, up from just 3.2% a year earlier, according to DataQuick Information Systems, a research firm in La Jolla, CA.

FIXER HOMES are homes that range from needing a little paint and carpet, to needing much more serious, expensive work done on it. Fixer homes are usually priced below market value, since they will require at least some type of repair. Sometimes fixer homes already have the cost of repairs factored into the price of the homes. Other times, it is a matter of negotiation.

If you have the patience, fixer homes can be quite an excellent value, especially if you are good at accurately estimating the cost of repairs.

SHORT SALES are homes that are being sold, for less than the loans due from the borrower that owns it. They are also referred to as pre-foreclosures. These homes most often are being sold below market value.

The biggest drawback to purchasing a short sale home is that it is a very different and complicated process from an ordinary purchase. The lender or lenders, if there is a first and a second loan, must approve of the short sale, because they are usually taking a loss on it.

Along with needing the lenders approvals, sometimes the lender is also negotiating a payment schedule with the seller for the amount of the deficiency. Therefore, getting a response back from the lender or lenders, and the seller, on your offer always takes much longer, usually as much as a month, just to get a response back on your offer.

Many times the property owner may decide not to agree to make payments, after closing, on the loan deficiency, or one of the lenders won't accept the price offered. In this case any pending short sale offers would go unaccepted and the property would get sold back to the lender at the court house steps. The property, then, would take the next step in the process and become a bank owned foreclosure or REO.

Short sales statistically have a very low likelihood of closing, even after the long wait for a response back from an offer.

"I don’t believe you can ever be hurt by buying a good location at a low price." quote by Donald Trump

TO RECEIVE YOUR DAILY UPDATES, PLEASE FILL OUT THE FORM BELOW, WITH A PHONE NUMBER WE CAN REACH YOU AT, AND SPECIFY, PRICE RANGE, SQUARE FEET, BEDROOMS/BATHS, SAN DIEGO AREAS, AND ANY OTHER REQUIREMENTS YOU MAY HAVE.

We will be in touch with you soon regarding any other specifics.