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
***HUD HOME*** Canyon Crest area of Riverside, great for commuters with access to the 91 / 215 and 60 freeways. Great floorplan provides Formal Living and Dining Rooms a...
- 4 Beds
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- IV19260682 MLS
- Active Status
Great big lot, modern style house, Views, Views, Views. This home has three bedrooms and two bathrooms. There is a great view and a potentially sparkling swimming pool....
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2 story single family home plus a separate guest house below. Enjoy amazing vista views of mountains and Lake Elsinore. Main home has 1 bedroom on main floor plus 2 baths...
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- IV19252997 MLS
- Active Status
BEAUTIFUL SHADOW MOUNTAIN HOME. ON A CUL-DE-SAC WITH A 3 CAR GARAGE. UPSTAIRS LOFT ADJACENT TO BALCONY W/VIEW. BRING YOUR IMAGINATION AND TURN THIS FORMER MODEL HOME TO Y...
- 4 Beds
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- PW19252334 MLS
- Active Status
BANK OWNED! This home will not disappoint you. 5 bedrooms, 3 full bathrooms. Just over 2,500 sq. ft., 1 bedroom & full bathroom downstairs! Formal living room/dining room...
- 5 Beds
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- SW19250677 MLS
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***HUD HOME*** in the Hidden Springs neighborhood that sits on the East side of the Box Springs Mountains. Walk up to the entry and you have a nice courtyard area, doub...
- 3 Beds
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- IV19239734 MLS
- Active Status
Cozy Lake Elsinore Mountain style living. This 1,465 sqft home features large rooms and peaceful living. The home features Spanish tile in the bathrooms, while the rear ...
- 2 Beds
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- IG19238111 MLS
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Don't miss your opportunity to own this comfortable 4 bedroom/3 bath home very close to Canyon Lake. Over approx. 2000 sq feet of living space on a spacious 7,841 foot lo...
- 4 Beds
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- IV19237907 MLS
- Active Status
The property at 6860 Murray St, Riverside, CA 92504 is a residential single family home with 3 bedrooms and 2 bathrooms. It was built in 1952, is approximately 1,533 sq...
- 3 Beds
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- MD19230005 MLS
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This 5 bedroom 2 3/4 bath house can be a forever home with a little TLC. Has a fireplace for those cool evenings. Has a 3 car attached garage. No utilities are on. See ag...
- 5 Beds
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- NP19223670 MLS
- Active Under Contract 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
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- PW19203104 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
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- OC19202438 MLS
- Active Status
***HUD HOME*** This one has it all....Formal Living and Dining Rooms tot he left side of the Entry. Entry tile flooring continues into the Kitchen and Dinette. Large Fa...
- 5 Beds
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- IV19195514 MLS
- Active Status
***HUD HOME*** Price Reduced! Rancho Belago Area of Moreno Valley, this home has alot to offer. Entry opens into the Formal Living Room and has a Formal Dining Room wit...
- 4 Beds
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- IV19192810 MLS
- Active Status
Lots of Potential Well Manicured yard. With Gazebo Solar
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- TR19186716 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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