About La Jolla's La Jolla Village

Hello and welcome to ~La Jolla Village~ La Jolla 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 ~La Jolla Village~ La Jolla 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 ~La Jolla Village~ La Jolla 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 ~La Jolla Village~ La Jolla 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 ~La Jolla Village~ La Jolla 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 ~La Jolla Village~ La Jolla click here.

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

We look forward to hearing from you!

La Jolla, often referred to as "the jewel," is a beautiful community along the coast just north of San Diego. Many homes are clustered along the coastline, or on the hills (which remind many of some of the Mediterranean towns in France and Italy overlooking the sea) with spectacular ocean and coastal views.

Because of its location along the Pacific, the views and the types of homes built there, La Jolla remains one of San Diego's most expensive, and exclusive, communities with a median home price in the last 6 months of $1.5 million (the average price was a little over $2 million).

La Jolla Village is an upscale town of high-end boutiques, galleries, day spas, jewelry stores, furniture and home furnishings, several hotels, and dining with wonderful views of La Jolla Cove and the ocean beyond. To the south you will find other popular seaside areas of Windansea and Bird Rock, which are more casual and residential, but no less expensive.

La Jolla Village is popular with residents and visitors alike for the high end shopping along Prospect Avenue, the many dining possibilities with ocean views, a wonderful community park overlooking the sea, and an overall feeling of affluence and the good life. Of course one can enjoy it even if you can't afford to live here. And the views are pretty amazing.

READ MORE: La Jolla Real Estate

In keeping with the theme of this series, let's look at what you can buy within walking distance of the charming village of La Jolla.

Right now there are 36 detached (single family) homes that are Very Walkable to A Walker's Paradise, using the Walkscore.

READ MORE: Finding a Place to Live with Great Walkability

Detached La Jolla homes with this level of walkability come at a price, ranging from $995,000 all the way up to an expansive home with substantial office space priced at $16,500,000. And yes, some have wonderful ocean views, which adds to the value.

In terms of attached La Jolla homes (condos, town homes) you can choose from 44 that are currently on the market in the Very Walkable to Walker's Paradise categories. These range in price from a $316,000 (364 SF) studio to a glorious ocean front penthouse for $9.5 million.

Here are the previous articles in the Walkable Neighborhood Series:

Downtown Oceanside Real Estate Near the Beach

Encinitas Real Estate in the Funky Beach Community of Leucadia

Rancho Santa Fe Real Estate Near Rancho Santa Fe Village

Solana Beach Real Estate on the Coast

Del Mar Real Estate Near the Village

Carlsbad Village Real Estate in Carlsbad, California

Downtown Encinitas

Cardiff Real Estate in The Walking District in Cardiff-by-the-Sea

Carlsbad Homes for Sale in La Costa, Carlsbad

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If I can provide more information about La Jolla, Carlsbad 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 © 2008 Jeff Dowler Carlsbad Homes and Real Estate Tidbits

EASTBLUFF condominiums are located in the easterly portion of La Jolla adjacent to I-5 and near UCSD, often called "La Jolla Village North". Eastbluff features 212 split level townhomes in walking distance to the campus of UCSD, shops, restaurants, nearby parks, movie theaters & freeway access. The spacious condos have fireplaces, two car garages, laundry hookups, front patios and BBQ decks. There are three floor plans with two to three bedrooms and two to two & one-half baths, ranging in size from 1,031 to 1,707 square feet of living space. Recreational facilities include a pool & spa and pets are allowed in the complex. These units are popular with first time homebuyers, UCSD students and investors due to their affordability and their convenient location.

I purchased my very first home here in the Eastbluff complex. I paid $62,500 for it brand new in 1978! At my tender young age, I was somewhat of a risk taker and put the deposit which was $2,000 on my credit card and then waited to earn enough money to get the loan while the property was being built. The risk paid off and I sold it for much more years later. There have been six recent sales in the past year at Eastbluff with sold prices ranging from $425,000 to $540,000.

If you are interested in searching for homes at Eastbluff or in La Jolla, researching the current value of your home, viewing our La Jolla real estate website, or learning more about the current housing market, give us a call at (858) 245-9905.

Copyright © 2008 Susan Laxson. All Rights Reserved. "Eastbluff Condos in La Jolla - Location...Location...Location!". Information from sources deemed reliable, but not guaranteed. Listing information from Sandicor and subject to change without notice.

Cape La Jolla was built by Brehm Communities in 1986 and at the time was considered one of the most unique condominium projects built in the La Jolla Village North area. Cape La Jolla features spectacular waterscapes and sparkling waterfalls that line the interior common area. The lovely pool/spa area is sheltered within the common area ringed by the 52 units within three buildings that are three stories high. These units have and always will be stylish condos with multi-levels & sophisticated architecture. Cape La Jolla is conveniently close to the campus of UCSD, La Jolla Village Square, hospitals, shops, restaurants and freeway access. Recreational amenities include pool, spa & workout room. Pets allowed. Detached & attached garages. The HOA dues cover the common area maintanence and other expenses.

Interested in buying a home in Cape La Jolla? Visit our La Jolla real estate website at www.LJ-Homes.com to learn ALL about the La Jolla area, including La Jolla development information, La Jolla school information, La Jolla neighborhoods, real estate prices, and much more!