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
Great property in Jurupa Valley! 5 bedrooms 3 baths with living room, family room and open kitchen. 2 bedrooms and 1 bath upstairs. Assessor data is incorrect. This is a ...
- 5 Beds
- 3 Baths
- JT19170477 MLS
- Active Status
The property at 19247 Buckboard Ln. Riverside, CA 92508 is a residential single family home with 4 bedrooms and 3 bathrooms. It was built in 2003, is approximately 3,...
- 4 Beds
- 3 Baths
- MD19168346 MLS
- Active Status
Single Family home in Sunny Mead Ranch features 4 bedrooms, 2 full bathrooms including master bathroom, 1/2 bathroom located on 1st floor. Interior needs repairs, bring ...
- 4 Beds
- 3 Baths
- IG19164326 MLS
- Active Status
***HUD HOME***Rural Living in the City! Cute little home offers a large lot in "Horesetown USA". Entry opens into the Living Room and adjoins the kitchen. Kitchen layo...
- 2 Beds
- 1 Baths
- IV19162471 MLS
- Active Status
Custom built home with lake views!! This home provides lots of space for your growing family. Home offer's 4 bedroom's with 1 downstairs and unfinished living quarters ...
- 4 Beds
- 3 Baths
- SW19160531 MLS
- Active Status
Charming single story located in the heart of Riverside. This property features 3 bedrooms, 2 bathrooms, a pool, and sits on a large lot with over 10,000 sq ft that is id...
- 3 Beds
- 2 Baths
- PW19159124 MLS
- Active Status
Single family, detached home features 3 bedrooms, all on top floor including a master bedroom with en suite bathroom. Main floor features living room, family room and 1/2...
- 3 Beds
- 3 Baths
- IG19154648 MLS
- Active Status
Two story home features new interior paint and new carpet and is ready for a buyer to make their own. Kitchen features a center island with large under mount single bowl ...
- 5 Beds
- 3 Baths
- PW19153329 MLS
- Active Status
NEW CARPET AND READY FOR MOVE IN. EASY ACCESS TO THE FREEWAY. EXTRA OFFICE SPACE OR READING ROOM DOWNSTAIRS. CLOSE TO SCHOOLS AND NEARBY TO LAKE ELSINORE. NICE FAMILY ORI...
- 4 Beds
- 3 Baths
- SW19152672 MLS
- Active Status
This suburban home is tucked into a cozy residential neighborhood featuring full sidewalks, parks and an elementary school right in the middle of it all. A short drive wi...
- 4 Beds
- 3 Baths
- MC19148222 MLS
- Active Status
Beautiful 3-bedroom 2 bath corner lot home. 2 car detached garage. Side yard offers a lot of space for gatherings. Tons of kitchen cabinet space. Fireplace in the family ...
- 3 Beds
- 2 Baths
- SW19134496 MLS
- Active Under Contract Status
None
- 4 Beds
- 3 Baths
- 19473620 MLS
- Active Status
Panoramic mountain views from this two-story home located in the Clayton Ranch Community in Wildomar on a pool-sized, approx. 1/4 acre cul-de-sac lo. Tons of potential a...
- 4 Beds
- 3 Baths
- SW19129753 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
None
- 3 Beds
- 2 Baths
- TR19084061 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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