About Coronado's Coronado Village

Hello and Welcome to ~Coronado Village~ Coronado California Foreclosures, Bank Owned REO, Homes for Sale, Real Estate.

Understanding the foreclosure property auction (also known as Trustee Sale) process takes time, due diligence, and understanding. Saavy Real Estate investors can find some of the best deals around buying at these auctions, but is it right for everyone? We would like to help explain further about these auctions and the benefits and downsides of buying Real Estate at them.

Understanding the process is the key, and here is how the process goes as an overview:

Pre-Foreclosure (Also known as Notice of Default). Pre-Foreclosure is usually when the current homeowner is 90 days past due on their Mortgage. The current lender files with the County Recorders office a Notice of Default. When this is filed, this information becomes a matter of public record. When this notice is filed the lender usually usally gives the homeowner 90 days to come current on the amound their are past due. During this period a good amount of homeowners lately have been trying to obtain new financing terms by doing a Loan Modification with their current lender or a Short Sale with a Realtor if they know they aren't going to be able to keep up the payments due to hardship. Both of these things often times delay the foreclosure process as the bank looks to work with the current owner to see if one of these options may be a fit. To learn more about Pre-Foreclosures in ~Coronado Village~ Coronado and actually search Pre-Foreclosures in San Diego for free click here or the yellow map.

Foreclosure Sale (Alo known as Notice of Trustee Sale). The Foreclosure sale usally occurs and is scheduled roughly 90 days after the Notice of Default is issues. Although, most of the time this process is delayed currently. Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located. In this case, most auctions take place in Downtown, San Diego. Properties are sold as is, without any warranties or guarantees, and they must be paid for on the spot with a certified cashiers check. Many times the buyer of that foreclosure property has to end up evicting the current homeowner or tenant and this sometimes can be a process. However, even though its a riskier process, the reward can be great. To learn more about Foreclosure Sales In ~Coronado Village~ Coronodo and Search upcoming properties scheduled for Foreclosure click here or yellow map below.

Bank Owned (REO). Bank owned properties are the properties that have gone through the two steps above and didn't sell at the Foreclosure Sale. In this case, the current lender has to take them back if there are no acceptable bids. This can also be a great area for an investor, because in a lot of cases, the lender does not want to own these properties. These can be great deals for an investor, you can also research these properties in greater detail than Foreclosure Auctions, and most all of the time you can use financing and obtain a home warranty with these. To learn more about Bank Owned REO listings in ~Coronado Village~ Coronado click here or the yellow map below.

Re-Sale Properties. Many people think Re Sale properties are not a great deal with all the Foreclosure properties out there. This is actually not true in many cases. Re Sales have to be priced aggresively and in line with Foreclosures if they want to have a chance of selling in todays market. In a lot of cases a buyer or investor can buy a re sale that has been taken good care of, doesn't have much fix up to perform, and is very close in price to that of a Foreclosure that might require a lot of work. Sometimes people think that because they are buying a Foreclosure at 20% below market value that its always a steal, however sometimes there is 20% worth of rehabilitation to get the property back to standards that actually makes it the same deal as a re-sale. Making Re Sales a great option as well. To learn more about Re Sale Homes for Sale in ~Coronado Village~ Coronado click here or the yellow map below.

Ultimately, the decision is yours and what is right for you and your situation. We have built a fully integrated Real Estate Website that will allow you to search every aspect of what we have discussed above. To search Pre-Foreclosure, Foreclosure Auction, Bank Owned REO, and New and ReSale Homes in ~Coronado Village~ Coronado click here.

We also attend the Foreclosure Auctions for ~Coronado Village~ Coronado Cays on a weekly basis and track virtually every Foreclosure property in San Diego County!

We look forward to hearing from you!

Does this look like it is worth $599,000? Would you believe it was orginally priced at $850,000? Only in Coronado would properties like this beg a second look. This little home is located at 1012 9th Avenue, just off Orange Avenue. Looking at these photos would make you think how neat this home is, but what you don't see are photos of the location.

What you don't see is that this home is sitting right next to an alley, across from a liqour store, and 1/2 block away from the Vons and directly across from the Vons parking lot. It is always fascinating to me to see what certain markets can bear price wise. Now this property is still overpriced because today it has been on the Sandicor Multiple Listing Service (MLS) for 353 days. I am not sure when the price reduction occurred, but even a year ago the market for Coronado was not in an $850,000 price range.

If you lived in this home you could walk to the harbor and to the Hotel Del Coronado. Although people love Coronado, I am not sure if they are willing to spend over 1/2 million dollars for a house that isn't on it's own lot yet. This property is still lot attached to 3 other properties and apparently the owner is waiting for their final subdivision map.

I may be crazy, but I have my doubts whether this 1912 built home on the alley will fetch $599,000. I hope they do because I always want the best possible market price for a seller, but I also would like something that makes sense to a buyer.

If you would like to view this property (assuming we can one day soon), or would like the list of affordable Coronado Luxury Properties, just give us a call at 619-977-3174 or email us at sharyncrown@gmail.com.

This is a series of articles by Sharyn and Victoria Crown about Coronado Affordable Luxury.

Coronado and affordable rarely are found in the same sentence. However, we have discovered, for Coronado, there are affordable properties. After researching Coronado real estate, we realized there is an underserved market. Every Coronado real estate agent wants to sell the $2,000,000 properties. But it occurred to us to ask the question "What if you want to live in Coronado, but are not a $2,000,000 buyer?" Who serves your interests? We do and we decided to tell you what we find as "bargains" in Coronado and why they are bargains.

Here is our "affordable" Coronado property for today. This is the least expensive Coronado condo located in the Village. This is a one bedroom/one bath condo located at 422 G Avenue and priced at $399,000. This project was actually built in 1943 and they were rental units. As you could guess, this housing was used for residents during World War II. Later these units were "condoized" (a new word I have invented) and sold to individual owners. The unit is approximatel 534 square feet and if you think that is small, you are correct.

That being said, this is still the "foot in the door" to Coronado. People purchase in Coronado for the lifestyle, not necessarily the size. The unit also includes a fireplace, which is unusual for units so small. There are some interesting things about this listing. The property has been placed into Sandicor's Multiple Listing Service (MLS) but you can't see the unit yet. Sometimes I wonder why agents enter properties into the MLS and then tell us we can't show the properties and you as a consumer can't see the units. It's odd behavior to my way of thinking. It's like going to Walmart and telling the consumer we have a great sale on televisions, but you can't see the TV for a week or two, or maybe not at all until you purchase it.

Pricing is definitely affected by location in Coronado. This unit would actually be more valuable if it were located a few blocks away. The reason I say that is because this project is located between 4th and 5th Ave. 4th Avenue is a very, very busy street. It is the exit from North Island Naval Air Station and as you can see from the photos, it is busy even on a Saturday when I took the photos.

Even the fact that the traffic is close by will not deter someone who wants to live in Coronado. You purchase here because you want the close-knit feeling provided by the city. You want to be able to walk to the stores, the parks, the schools, the Pacific Ocean. You want the lifestyle.

If you would like to view this condo (assuming we can one day soon), or would like the list of affordable Coronado Luxury Properties, just give us a call at 619-977-3174 or email us at sharyncrown@gmail.com.

This is a series of articles by Sharyn and Victoria Crown about Coronado Affordable Luxury.

Since I'm the resident "golfer agent" in this company everyone asks me for recommendations of where to play golf in San Diego. Wow..this is a loaded question in that there are over 70 courses to choose from! I have my obvious favorite, Coronado Golf Course, right in my own back yard. This is one of the most recognizable courses in San Diego having the San Diego Bay line so many of the fairways, fabulous view of the downtown San Diego skyline, great vistas of the famous "blue bridge", this course has it all. Over 103,000 rounds are played here each year, more than any other course in the county. It's not just the wonderful views, fabulous hole layout, great clubhouse, food sevice, staff....no, I think it has more to do with the fact that the greensfees are only $25.00. Yes, I said $25.00. Where else in San Diego will you find a more ideal place to spend 4 hours for only $25.00? I urge you all to come and play our course, and after you finish your game spend a while strolling the streets of our downtown enjoying the sights and sounds that make this "village" so unique. Actually, Coronado is it's own city...but Village sounds more "quaint".