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
This home is an absolute beauty. Ready to move it with new two tone paint, carpet. Gourmet kitchen with stainless appliances, granite and extra storage. Open floorplan wi...
- 5 Beds
- 5 Baths
- SW19084156 MLS
- Active Status
Why rent when you can own...a COMPLETELY REMODELED unit in the highly desirable River Oaks Gated Community! This stunning one bedroom unit has new flooring, new paint, ne...
- 1 Beds
- 1 Baths
- PW19080795 MLS
- Active Under Contract 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 Under Contract Status
RIVERSIDE POOL HOME!!! SUMMER WILL BE HERE BEFORE YOU KNOW IT!!! NEW, NEW, NEW, NEW, NEW, NEW, NEW, NEW, NEW, NEW, NEW, NEW, NEW, NEW STUFF!! NEW EXTERIOR PAINT, NEW I...
- 6 Beds
- 3 Baths
- SW19074772 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
Centered just above the heart of Moreno Valley is this cozy home tucked into a comfortable neighborhood. The home greets you with a large front yard full of lush grass an...
- 3 Beds
- 2 Baths
- MC19075337 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 Status
Located close to the Historic District of Riverside, this interesting condo project is security gated with ample walkways and greenbelt. Enjoy a relaxing afternoon at th...
- 3 Beds
- 2 Baths
- CV19070690 MLS
- Active Status
Customizeable Opportunity for AS-IS Fannie Mae Property in Corona. 4 bedrooms + 2 bathrooms. Single level home in corona with opportunity to create a home of your own. Ap...
- 4 Beds
- 2 Baths
- SR19068568 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
The property at 2379 Weatherwood Rd. Corona CA 92879 is a residential single family home with 2 bedrooms and 2 bathrooms. It was built in 1985, is approximately 902 squ...
- 2 Beds
- 2 Baths
- MD19066764 MLS
- Active Status
Vacant Land all utilities are on the property. prior home on the property that burned land now cleared. In the middle of an established neighborhood. Good home location...
- OC19042723 MLS
- Active Status
NEW PAINT, GREAT FLOOR PLAN. BONUS ROOM FOR "GAME NIGHT". NICE UPGRADES IN KITCHEN. "TURN KEY" CONDITION. 3 CAR GARAGE, 4 BEDROOMS. CUSTOM CEMENT WORK IS BACK YARD. LOCAT...
- 4 Beds
- 3 Baths
- SW19055253 MLS
- Active Status
Single level home located in the Horsethief Canyon Ranch Community in Corona. The home offers a living room with a fireplace, dining area and a large wrap around yard wit...
- 3 Beds
- 2 Baths
- OC19039738 MLS
- Active Under Contract 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
