SAN CLEMENTE CA FORECLOSURES-SAN CLEMENTE REO PROPERTY-HOMES FOR SALE IN SAN CLEMENTE

To view all foreclosures, bank owned properties, etc. click on the link provided to view all current listings......Orange County & all California Foreclosure listings.

If you are thinking about moving or investing in Real Estate in San Clemente then you are making a great choice! San Clemente is located in South Orange County. In fact it is the last city located in Orange County before you hit the military base and San Diego County. It is a lazy little beach town and very family oriented. It is known for having the "Best Climate in the World." I am partial because I call San Clemente home. Compared to the rest of Orange County, the waterfront homes and homes with views are very affordable. San Clemente also has award winning schools.

Interested in finding out more about San Clemente Foreclosures and Bank Owned Property?

I can help you find great deals or provide expert advice on bank owned homes, also known as reo properties which is what I specialize in. I can also locate the most current listings of short sales or all real estate listings in San Clemente.

As is, where is, and without warranties are words I use on a daily basis. I know a thing or two about REO's and I find myself repeating these words over and over to agents to relay onto theor clients. This is a constant. Even when we are closing a REO deal I am still repeating these words on a daily basis to the buyers agent.

I just closed a deal and the escrow company (who shall remain nameless) was the worst company I have EVER worked with. I never got 1 phone call returned or an email. I would talk to the AM on this and of course they would repond to her but I found it so strange that the lines of communication reguarding this file was just non exsistant. I still haven't gotten confirmation the deal closed and recorded but I know that we did because it's public record and because we had a major issue with the final HUD. (This is the point where the story gets good) I got a phone call from the other agent after all checks have been cut that the buyer was charged a 150 dollar per diem fee which racked up to 900 dollars. Closed escrow, checks have been cut and some how I am getting blamed. The buyer signed the final HUD and didn't bring it up? Not till I can't do anything about it since the delay in closing was due to buyer wanting repairs to be done by the bank. (So the AM thinks we were delayed because of the buyer wanting something and the buyer thinks it was delayed since we were waiting on an answer.) Any way the buyers agent didn't cover the buyer by putting it in writing when the AM asked me to get an extension. The other agent wasn't happy about it we were ready to close 2 days later anyway. The other agent said he was following my lead and I should have told him to put it in writing. Iam shaking my head cause when is anything verbal in Real Estate? I told him I didn't think his buyer should have to pay the per diem and I would pitch in to help his buyer out but that isn't good enough for him. Anywho............

Now the agent is saying he is going to sue everone!!! I told the AM today and I talked to the supervisor and they told me that the buyer signed the HUD and the deal was closed and checks were cut. There was nothing they can do now. They also brought up a good point....the property was sold as is, where is and without warranty and they got 1500 dollars out or the seller for repairs. So now I have to tell the agent that he and his client have no leg to stand on in a legal battle. What do you think??? Should I eat the 900 dollars but he was not my client and I did nothing wrong. Or should I let him sue??? Basically I am tired of his threatening emails and phone calls! What do i do?

I get asked weekly "How can I become a REO agent?" and "what is the process of listing REO properties?" What's involved in a eviction?" "Who replaces locks, cleans the properties?" "What is all involve in listing REO properties?" "When the asset management company asks you to list the property how do you proceed with the contracts?"

These questions are not coming from the agents who work for me but agents who like to dance in the rain!! Like myself!! Hopefully this blog will not only help agents get some questions answered but will help them on their REO journey.

How do you become a REO agent??? I only know the way I did it and that was by getting a google degree. I googled everything. There are over 200+ companies that service the default industry and new ones pop up every week. Sign up with ALL of them and continue to sign up. Educate yourself. If you think you know how to do a BPO and have never taken any course then I can bet you are not doing them perfect and in a REO world there is nothing accepted that is less then perfect. Think of it like this. If you get a shot at a BPO and don't do it well then you may not get a shot at another one and you can kiss the big bucks bye bye.

The process of listing a REO is simple and an easy formula. Occupancy, possible eviction, preservation, pre marketing, listing, marketing, maintain and escrow. Simple? Keep my formula handy and if you get a REO listing then follow it! It will save you time. Also look for local preservation teams that will help you to get properties up and ready for market. This way you look to one company for everything and not one person for one thing and one person for something else. This way you can watch over your reimbursements easier if you are only writing check to one company.

Evictions can be different in different states but here in CA if I have a property that I can not get a signed cash for keys for then I keep a close eye on it. Every 2 weeks I drive by and check occupancy status. If it still hasn't been evicted I then will eventually get a call from the eviction attorney and we set up a time to lock occupants out. The sheriff will post a note on the property prior. The "E" day comes and I meet the lawyer, locksmith, sheriff out at the property and we change the locks. The previous owners must contact me to get their personal belongings out of the property.

I have a preservation team who takes care of everything and I highly recommend you find a company who is on hand to make you look like a million bucks to the AM's. Also you want someone cost effective since you maybe asked to get 3 bids at times.

Each bank and AM is different and so you will be asked by different companies for different things. Take for example BofA uses safeguard to preserve and maintain their REO's and all offers go thru bid select so you as the REO agent put it in the MLS, field calls and are the eyes and ears for the bank. Then take citi who outsources to several different asset managers across the country and with their listings you take care of everything from start to finish. I have said this before and I will say it again, every bank is different and every home is different so just be prepared/educated for all scenario's.

Every Am is different and most have their own listing contracts. In the REO game we are all at the mercy of the bank. Then when you get to TDS the bank is except so I would suggest you hire a GREAT and I emphasize GREAT transaction coordinator so they can deal with your paperwork and then you can get back out there and do it all again! I have found that even though the banks send me biz I make more off my open houses and getting buyers into property so sell and sell well my rainy friends. And if you have questions let me know cause I am not afraid!!

San Clemente has some of the most unique neighborhoods and communities in all of Orange County California. Some of them include...Alassio, Alisal, Alora, Alta, Amalfi, Ashton, Atherton, Brisa Del Mar, Bluffs, Broadmoor, Breakers, Bay Cliff village, Beachwalk, Casa Contenta, Cantomar, Caprizi, Cardiff, Carillion, Carmel, Careyes, Cantabria, Catania, Cazadero, Colony Cove, Casa Grande, Chateau Clemente, Cantamar, Colony at Forester, Compass Pointe, Cotton Hill, Coral Pointe, Crest, Cypress Shore, Casablanca, Capistrano Shores, Cyprus Cove, Cotton Point, Driftwood Bluffs, Del Cabo, Eagles Ridge, Farralon Ridge, Faire Harbour, Flora Vista, Glen Ridge Estates, Harbor Ridge, Harbor View, Hillcrest, Harbor Estates, Highland Light Estates, Highland Light village, Horizon, Heights above the coast, Las Veredas, La Cuesta Cove, Las Marias, Lucia, Mandalay, Marbrisa, Mira Costa villas, Manzana Estates, Mystic hill,miraleste, mirador, montego, mortellano, monterey, mariners point, misty ridge, marborough seaview, naples, new providence, oyster bay, ocean fairways, ocean hills pacifica-talega, pacific crest, pacifica summit, pacific shores, pavillion heights, pacifica (central san clemente), president heights I, president heights II, parkview manor, pinnacle, port omarin, portofino, presidio point, patricia manor, poderosa shores, patrician villa, ranch cristianitos, ravenna, royal crest codos, riviera district, reserve north, reserve south, reserve east, reserve west, ridgemore, rimrock, rancho margarita, richmond pointe, reef gate west, sabella, salvador summit, san angelo, sandbridge, san lucar, san rafael, sansol, sanatalana, shorecliffs, sea coast estates, sea canyon old, sea canyon new, san clemente terrace, sierra del mar, seagarden, seaside, shores, signal point, sunset village, sunset shores, solana, sea pointe estates, sea pointe villas, summer place, sea ridge estates, seascape village, seaview townhomes, stella mare, summit at highland light, summit by zellner, sunse