Tuesday, February 5th, 2008 at 5:06 AM
Foreclosure Website
For those who are entertained by the ‘San Diego County REOs’ list found in the right-hand column, and want more of a peek behind the curtain – there is a website for you.
It requires a basic registration, but it’s free!
What you’ll find are the trustee-sale results from the last 31 days throughout the state and nation.
It will enable you to track trustee sales coming, and find out about any postponements or delays.
When you see ‘back to bene’ that means their were no acceptable bids, and it went back to the beneficiary (bank). If you see one that has a small dollar amount, don’t get too excited until you find out if there were any senior loans – I can check those for you if you find a hot one in San Diego County. Sometimes you’ll see postponed by mutual agreement, those are probably short sales that are in process.
Posted on Tuesday, February 5th, 2008 at 5:06 AM in Foreclosures | 3 Comments » | 
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Jim,
Wow!!!! I just tried it, and wow it is good!!!
Thank you!,
VirtualChris-OC
VirtualChris-OC | February 5th, 2008 at 4:54 pmI found that the most common reason for "postponed by mutual agreement" was that the owner is trying to stay in the property and they have a forbearance arrangement with their lender. The caveat on these for the borrower is that if they miss a single payment while under forbearance it goes straight to the trustee sale with no warning.
Bear | February 5th, 2008 at 7:17 pmSorry I’m a little slow to comment but I’ve been sick.
Jim,
In your opinion, is it better to wait for the property to go back to the bank (beneficiary) or pick it up at the court house? As a Realtor, I’m sure it’s difficult to tell a potential buyer to purchase it without a Realtor but your such an honest guy that I thought I would ask anyway.
BTY, you can also look up up-and-comming trustee sales.
Angela | February 7th, 2008 at 3:40 am