According to expert investors in San Diego foreclosure properties the best foreclosure deals usually go to those who have friends in the foreclosure department of a local bank. When someone defaults thrice in repayment of the San Diego mortgage, the banks will initiate proceedings. Banks view foreclosed properties as liabilities and are eager to sell them, sometimes even at a discount. Those that are not snapped up from the bank directly are usually sold out with in days of being listed with real estate agents.