Riverside County Property Search
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Buying A Foreclosure
Buying a foreclosure can be a good move financially. But you are a lot less likely to find really great bargains. Good foreclosures usually get multiple offers.
There are typically two very different types of foreclosure sales:
- Buying a home at auction on the courthouse steps - sometimes they are sold through on-line auctions.
- Buying a home that has been taken back by a lender - also known as "REO's" or real estate owned.
Buying at foreclosure auction
A foreclosure auction is no place for amateurs and involves substantial risk. Such risk includes: no guarantee that the property doesn't have liens, multiple mortgages, code violations or other issues that could make it difficult and expensive to get a clear title. Eviction of either current tenants or the former owner who may still occupy the property will be the responsibility of the buyer. Another risk is that buyers are usually not allowed into the property prior to the auction - so it is "Buyer Beware."
When buying at a foreclosure auction, the buyer is required to pay the entire purchase price in cash. Typically this payment must be received within 24 hours. Also, if there are problems with the property, you're stuck. Very risky.
Buying a foreclosure from a lender
Purchasing a foreclosure from a lender is in some ways like buying from an individual seller. One difference is that there are no seller disclosures. The seller (lender) has never been in the property so they can't disclose problems that an individual seller would.
Most lender-owned foreclosures are in the multiple listing service, and we can make an appointment to show such listings to you. We highly recommend that you don't make an offer without the normal contingencies that the house must qualify for financing and your due diligence inspection. It is critical that you have a professional home inspection done very soon after your offer is received. Most foreclosures have not been well-maintained.
Some foreclosed properties don't have utilities turned on which makes it harder to evaluate them during your initial visit. Usually lenders will turn on the utilities once in escrow - but there might be a charge to the buyer.
Newest Riverside/Corona Area Foreclosures
This 2 bedroom (+ office) 1 3/4 bath house can be a very nice home. This corner lot home has cent heat and AC, 2 car attached garage (no direct access) and an enclosed pa...
- 2 Beds
- 2 Baths
- OC19114801 MLS
- Active Under Contract Status
Single family home features 5 bedrooms and 3 bathrooms including a main floor bedroom with adjacent bathroom, master-bedroom with en suite bath. Inside laundry, attached ...
- 5 Beds
- 4 Baths
- IG19113764 MLS
- Active Status
Unique and Hard to come by in the Orangecrest area, a 1 sty corner lot property on a cul-de-sac street with brick facade, very generous 0.25 acres + pool!!! This beautif...
- 4 Beds
- 2 Baths
- IV19110046 MLS
- Active Status
A diamond in rough, awaits the right buyer to make this gem shine again. Located near the 60/215 freeway. This property offers 3 bedrooms and 2 bathrooms upstairs. 1 bedr...
- 4 Beds
- 3 Baths
- IG19109888 MLS
- Active Under Contract Status
This lovely two story home is waiting for you! Interior features include neutral carpet, solid surface kitchen counters, formal living room and separate family room as w...
- 5 Beds
- 3 Baths
- IV19109216 MLS
- Active Status
The property at 7547 Casa Blanca St, Riverside, CA 92504 is a residential single family home with 3 bedrooms and 2 bathrooms. It was built in 2004, is approximately 1,...
- 3 Beds
- 2 Baths
- MD19106487 MLS
- Active Status
The property at 3314 Grampion Rd. is a residential single family home with 3 bedrooms and 2 bathrooms. It was built in 1956 and is approximately 1,116 square feet. This...
- 3 Beds
- 2 Baths
- MD19105363 MLS
- Active Status
3 Bedroom 2 bath manufactured home with attached 2 car garage located in the Butterfield Estates community. Home is located on a cul-de-sac street and is near the commun...
- 3 Beds
- 2 Baths
- SW19098259 MLS
- Active Status
The property at 25731 Calle Agua, Moreno Valley, CA 92551 is a residential single family home with 5 bedrooms and 3 bathrooms. It was built in 1989, is approximately 2,...
- 5 Beds
- 3 Baths
- MD19095310 MLS
- Active Status
None
- 3 Beds
- 2 Baths
- TR19084061 MLS
- Active Status
Wow, this Moreno Valley Ranch beauty has it all! There's room for everyone in this seven bedroom, five bath home with an upstairs loft, formal living and dining room and...
- 7 Beds
- 5 Baths
- IV19080191 MLS
- Active Under Contract Status
La Sierra Community home located in the Somervale II gated community. Home has no neighbors behind. The master bedroom has nice views of the hillside. Home has tiled f...
- 4 Beds
- 3 Baths
- IV19079387 MLS
- Active Status
Located in the McVicker Canyon area in the Shore Pointe community. This home is on a corner lot next to a cul-de-sac with no neighbor on one side of the property. Outstan...
- 4 Beds
- 3 Baths
- SW19078299 MLS
- Active Status
Single story 3 bedroom, 2 bath home offers a desirable floor plan with 1,908 sq ft. and a 3 car garage. Open floor plan is spacious with vaulted ceilings. Spacious master...
- 3 Beds
- 2 Baths
- EV19071656 MLS
- Active Under Contract Status
The property at 21608 Sedco Heights Dr Wildomar CA 92595 is a residential single family home with 4 bedrooms and 3 bathrooms. It was built in 1985, is approximately 2,76...
- 4 Beds
- 3 Baths
- MD19067887 MLS
- Active Status
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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