When payments aren’t being made on a San Diego mortgage secured by real estate, lenders will often initiate default proceedings when the third payment is missed. The owner still has possession and the right to sell or refinance the real estate; these properties will usually be called a pre-foreclosure property by many investors. Since lenders cannot release information about their distressed loans due to privacy concerns, and homeowners often do not want to publicize their situation, you need an alternate way to find these San Diego foreclosure properties, along with owner contact information.

This entry was posted on Saturday, September 23rd, 2006 at 4:10 am and is filed under Real Estate Videos(t) . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.