Riverside County Property Search
Click here to search all area foreclosures
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
***INVESTOR/CONTRACTOR SPECIAL*** This home offers 2141 sq ft, 4 bedroom, 3 baths Per tax rolls). Property currently being used as 6 bedrooms, 2 kitchens and 2 separate...
- 4 Beds
- 3 Baths
- IV19219796 MLS
- Active Status
26 Bella Lucia, Lake Elsinore, CA 92532 is Located in the highly sought after Tuscany Hills Community. With 4 Bedrooms and 2.5 Baths This home is a “MUST SEE” property! Y...
- 4 Beds
- 3 Baths
- PW19203104 MLS
- Active Status
Plenty of space here! Tax rolls show 3 bedrooms but has 5. open spacious living room with a cozy fireplace, for those cold winter nights, and solar to keep the electri...
- 3 Beds
- 2 Baths
- IV19213109 MLS
- Active Status
Fabulous 2 story home located in the popular Summerly community. Cul-De-Sac, Solar Panels, Large Bedrooms and Loft. Full Bedroom and Full Bathroom Located Downstairs. Kit...
- 4 Beds
- 3 Baths
- IG19212741 MLS
- Active Status
Welcome to Horse Town Norco. This is a vacant corner lot sandwiched between 4117 Cedar Ave. & 4683 Acacia Ave. This lot is zoned: R110M The county will need to be contact...
- IV19203321 MLS
- Active Status
Come and grab this commercial/residential acre lot tucked behind Main Street in Down Town Riverside. One side commercial with access from Main Street through an alley and...
- IV19203326 MLS
- Active Status
an opportunity to get into a nice home in Eastvale, formerly Corona Hills. This 4 bedroom, 3 bath home has three car garage with extra long driveway. Close to shopping,...
- 4 Beds
- 3 Baths
- OC19202438 MLS
- Active Status
This Beautiful home located in the highly desirable California Meadows Community. 4 Bedroom, 3 Bath home is located at the top of the tract with a breathtaking VIEW and n...
- 4 Beds
- 3 Baths
- SW19193868 MLS
- Active Status
Lots of Potential Well Manicured yard. With Gazebo Solar
- 4 Beds
- 2 Baths
- TR19186716 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
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
***HUD HOME*** Price Reduced****Great location on a cul-de-sac street! Entry opens into the Living Room with large window bringing in the natural light. Dining Room sid...
- 3 Beds
- 2 Baths
- IV19139213 MLS
- Active Status
None
- 4 Beds
- 3 Baths
- 19473620 MLS
- Active 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
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.
SEARCH PROPERTIES BY CITY
Monthly Loan Payments
Mortgage Calculator
Map Search
