You'll need to make sure you're armed with the foreclosure data you will need to find and buy foreclosed homes. You can start by searching our FREE foreclosure listings in Santa Cruz County.
Buying a home in foreclosure can be as simple as beginning your search with the FREE foreclosure listings of all of Santa Cruz County or any one of our area specific links below. Our advanced Foreclosure Search will allow you to enter other desired search criteria such as price range and the number of bedrooms and baths.
Whether you have your own mortgage broker or you need assistance in obtaining finance from our recommended mortgage specialist you should line up your financing. Obtaining your financing not only gives you an estimate of what you can afford but it will allow you to move quickly and efficiently once you have settled on the property of interest. Additionally, having already secured financing will show the seller you are a serious buyer.
Truly you can get an agent at any stage of your search; however, this tends to be the most common place in the process buyers contact an agent. At this stage contact us or Sign up with the Coastal Bay Real Estate Team so that we can guide and assist you through the process of buying a foreclosure. We have agents on the Coastal Bay Team with vast experience in the foreclosure market. We are here to assist you.
Depending on the status of the property the seller will be the owner in default, the trustee or the foreclosing lender. Again this is where the Coastal Bay Real Estate Team can assist you in contacting the correct person depending on the status of the property.
Now that you have selected the property of interest, done your research, and contacted the owner of the property it is time to make an offer with the assistance of your agent. Usually the offer amount is somewhere below the market value but above the total outstanding liens and estimated repair costs. If the property is a pre-foreclosure or bank owned, you could prepare an offer similar to a typical purchase offer, contingent on a full inspection and title search.
Want to know more about foreclosures? Check out the links we have provided below for your convenience.
Additionally, we can email updates when new foreclosures listings are published! We will notify you of all new foreclosures in your desired area or all of Santa Cruz County as soon as they hit the market and keep you posted if the listing price changes on any of your favorite marked listings. With each account you gain access to additional information on neighborhoods & schools, detailed property information, virtual pictures, and much, much more!
The best part is that it is all FREE! Sign Up for an account and start looking for a great deal. We are here to assist you in any way we can. Feel free to contact us with questions you may have.