About Encinitas' Leucadia

Hello and Welcome to Leucadia California Free Foreclosure Auction Search, Bank Owned REO, Short Sales, and Homes for Sale.

November 10th, 2009

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.

Here are some of the latest statistics from Foreclosure Radar hot off the press for September 2009. If you are unfamiliar with some of the following terms please read below for further explanations.

• Notice of Defaults for California rose by 1.08% to 37,417 filings.
• Notice of Trustee Sale dropped by 5.10% from August to 32,457 filings.
• A total of 13,123 foreclosures were taken to Sale at auction.
• The opening bids set by lenders were an average of 33.9 percent lower than the loan balance, with 46% of sales being discounted of 50% or more.
• Nearly 91 percent of foreclosure sales in September were for loans that were made between January 2005 and December 2007.
• In the month of June San Diego had 2,769 Notice of Default Filings, 2,520Notice of Sale filings, and 290 sales to 3rd parties.

Understanding the overall 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. Under the new California Foreclosure moratorium lenders have an extra 90 days in which they are supposed to aggresively pursue loan modifications with those current home owners who qualify. 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 gives the homeowner 90 days to come current on the amount they 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 options 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 Leucadia and actually search all Pre-Foreclosures in Leucadia for free click the yellow map.

Foreclosure Sale (Also 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, these days this process is delayed most of the time. Notice of Trustee sale usally takes place on the courthouse steps in the County in which the property is located. In this area, 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 Leucadia and Search upcoming properties scheduled for Foreclosure click the 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 option 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 Leucadia and search all available inventory click 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, that 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. This makes Re Sales a great option as well. To learn more about Re Sale Homes for Sale in Leucadia and search available inventory click the yellow map below.

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 Leucadia click here.

We also attend the Foreclosure Auctions for San Diego on a weekly basis and track virtually every Foreclosure property in San Diego County and would be happy to talk with you about your needs further.

We Look forward to hearing from you!

The latest data and sales statistics were provided by Foreclosure Radar.

If you are a dog lover (whether you have one or not), don't miss Leucadia Nights Howl O'Ween on October 24^th in Encinitas for the benefit of the Rancho Coastal Human Society.

These after-hours walk for folks and their pooches takes place from 5:30 - 8:30 PM with participating business staying open late.

There will be a Pet Parade and a Pet Costume contest; the $5 entry fee is donated to the Rancho Coastal Human Society.

All you have to do is sign up, then bring your pooch in costume with their "trick or treat" bag to one of the participating business for judging. Winners will be announced at The Grateful Dog at 802 N. Coast Highway/Route 101 in Leucadia (Encinitas).

Pick up forms and Trick of Treat bags at the following locations from now until the 24^th: And may the best pooch win!!

Grateful Dog, 802 N. Coast Hwy 101, 760-943-Woof

Embellishments, 466 N. Coast Hwy 101, 760-633-1440

Leucadia 101 Main Street Office, 386 N. Coast Hwy 101

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If I can provide more information about Encinitas and Leucadia real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

Hello and Welcome. Leucadia~ Encinitas California~Sell my Home~ List my Home ~ Realtors~ Listings Agents.

Are you looking to potentially Sell or list your home in ~Leucadia~ Encinitas California in this market? Here are some imporant points to think of when looking for the right listing agent or Real Estate company in this market. Most the time the reason a home will sell quickly is marketing over price. Having the right marketing strategy to sell your home quickly and for top price is crucial these days.

It is of the utmost importance these days to find a Realtor with a solid internet strategy. According to many studies, close to 80% of people start their next Home purchase search online. This means it is very important to have a listing agent that has a very strong internet marketing strategy to sell your home. Most listing agents have no idea how to aggresively pursue a strong internet marketing campaign. We score on the first page of Google for many categories and seach terms. If many potential buyers can easily find your home online, the chances of them coming to see it are much greater! To learn more us, our company, and our website click here. We also syndicate our listings on many of the top Real Estate sites such as Zillow, Realtor.com, Homes.com, Craigslist, Sandicor, Popular blogs, etc, to get the maximum amount of exposure to sell your home quickly and for top dollar..

It is important to find a Realtor to List your home who personally or who's company personally works with many active buyers. Working with active buyers is a very important step in this market. In a good economy, Realtor's can take listings, put them on the MLS, type of a few flyers and sit back and wait people to bring them offers. Many Realtors are strictly listing agents and don't actively look for buyers on their own. They just try to price it so aggresively that it will get a lot of activity, but a solid marketing campaign along with working with active buyers can help get you a much higher return when selling your home. At Four Seasons Realty we are currently working with several hundred pre-approved buyers which include many in Leucadia~ Encinitas California and would love to talk to you further about listing your home and bringing one of our qualified buyers to you. To learn about our active buyers for Leucadia~ Encinitas, California click here.

For a free consultation and proposal of our marketing strategy for listing and selling your home, please call us at 858-380-2005 and ask for Cody. I will be happy to show you some of our Google results, discuss our marketing strategy, and run a free Market analysis on listing and selling your home. Who know's, I may already have a qualified buyer for your home who's ready to write you an offer! I look forward to hearing from you soon. To visit me online, please click here.

Hello and Welcome to ~Leucadia~ Encinitas California Foreclosure Auction, 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 ~Leucadia~ Encinitas and actually search Pre-Foreclosures in Encinitas for free click 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 ~Leucadia~ Encinitas and Search upcoming properties scheduled for Foreclosure click the 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 ~Leucadia~ Encinitas click here.

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 ~Leucadia~ Encinitas click here.

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 ~Leucadia~ Encinitas Ranch click here.

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

We look forward to hearing from you!

We attended the opening of the newest show at my favorite of the Leucadia Galleries, The Andrews Gallery in Encinitas California, Saturday July 18 with some friends.

In addition to a lively and diverse crowd, always the case at one of director Drew Snyder's openings, Andrews Gallery festivities included a talented jazz trio, In Motion, all the more impressive because of their young age (someone mentioned one of the members is only 16, but I don't know if that is fact or rumor).

I had a wonderful conversation with Susan Snyder, a well established artist in her own right (and Drew's aunt), whose work was also being exhibited as part of this group show. Having both been art gallery owners in the past (Snyder, in San Diego's Gaslamp District), it was fun to compare notes. And of course her colorful abstract work, which I have enjoyed in the past, was a pleasure to experience - a trio of small pieces in brilliant hues. Her featured show at Andrews Gallery some months ago was stunning!

Another well known artist, sculptor Sander Rosenberg, was there, with two pieces (a colorful bracelet with beads embedded with LEDs, and a contemporary chandelier to match) as part of the promotion of the San Diego Museum of Art's "Little and Large." Artists for that show were asked to create a piece of jewelry and a corresponding piece of sculpture. Rosenberg's work displayed at The Andrew Gallery is but one of many artists in 41 venues around San Diego County participating in the San Diego Visual Arts Network collaboration to promote this new show at the San Diego Museum of Art.

And of course I should mention the work of Ron Tomlinson who hails from Boston originally but now works in Fort Worth, Texas. I think of his work as somewhat impressionistic, and some pieces are particularly well executed in terms of brush stroke, composition, light and color. But then I just know what I like, or don't. And it was a pleasure to discover an artist whose work was unfamiliar.

The Andrews Gallery in Leucadia continues to grow in popularity and to explore a broad range of artistic talent, with many artists outside the local, or national arena. The North San Diego County art scene truly has a winning combination in Leucadia's Andrews Gallery and Director Drew Snyder.

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Subscribe in a reader

If I can provide more information about Encinitas and Leucadia real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.

All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits