Search for every single:

· Foreclosure,

· Preforeclosure,

· Auction or

· REO (Bank Owned)

listing anywhere in California right here:

Preforeclosure, Auction and REO Listings.

California Foreclosures 

An Unprecedented Wave of Foreclosures:

The combination of over development and aggressive lending practices has set the stage for an unprecedented wave of foreclosures. In California alone, the default rate increased 45% from November to December of 2007, with nearly $13B in loans now entering foreclosure each month. This dramatic increase appears to be the direct result of the liquidity crisis that began in August of 2007, and is set to significantly increase foreclosure sales from their already record levels. To put the current record levels into perspective:

• A total of 25,585 new and resale homes were sold statewide in December 2007.
• While 12,783 homes were lost at foreclosure auction.
• Of those 97% went back to the bank with no 3rd party bid despite significant discounts.
• In the worst areas foreclosures are adding an additional 6 months of housing inventory each month to inventories that are already too high.

While this is a difficult time, it also represents an unprecedented opportunity on many levels. All of these properties need to be resold either to new homeowners or to investors as rentals. All of the displaced homeowners need a new home. And everyone from government entities to major hedge funds need better data and insight to prepare for what still lies ahead, and to make sure the mistakes that led to this crisis never happen again.

Falling Homeowner Equity:

The percentage of equity in Americans’ homes has fallen below 50% for the first time on record.

The Federal Reserve says this is the first time that homeowners’ debt on their houses exceeds their equity since the Fed started tracking the data in 1945. (Home equity is equal to the amount of a homes market value minus mortgage related debt)

Foreclosures Represent upwards of 50% of all California Real Estate Transactions:

That’s right; foreclosures now represent more than 50% of all transaction in California: the MLS only taps you into half the California real estate market:

Through our revolutionary "FLX™ Search Engine" we are now empowered to offer you— directly from our site. every single foreclosure listing anywhere in California:

1.) Preforeclosure, Auction or REO's (Bank Owned) properties

2.) This also brings a unique approach to our foreclosure lists and data, and adds exclusive data that simply isn't available from any other source. By updating our foreclosure lists with auction results each day, our data stays far fresher than any other source.

To start searching for distressed properties in your preferred area simply click on our unique:

Preforeclosure, Auction and REO Listings.

The Data We Collect:

1) Notice of Default - This is the first notice filed in the foreclosure process and is our starting point. From this document we can find out how far behind the owner currently is in their payments (default amount) at a given date (default date). We also gather whatever information we can about the owner, the property, and the loan the notice pertains to. From here we complete our file by adding additional data.

2) Notice of Trustee Sale - This is the second notice filed in the foreclosure process and it is where we find the auction details, sale amount, sale date, sale time, and sale location. We don't treat this as a separate file as all other foreclosure services do, instead we match it up to the previous notice of default, and any other records we may have for that property. This provides more than just a "foreclosure history", it creates a unified view that provides valuable insights into the reason for foreclosure, potential equity, and the likelihood the owner will be able to resolve the problem.

3) Auction Updates - Our EXCLUSIVE daily auction data is what really sets our lists and data apart. We exclusively provide daily postponement, cancelation, and sale information for every foreclosure auction in the state.

4) Bank Owned (REO) Data - One of the major benefits of our auction updates is that we know which properties sold back to the bank the very day it happens.

5) In addition our services either show:

• Trustee's Deeds - The final foreclosure document filed with the county and published on other sites weeks or even months after the sale. In addition to being late, these documents are recorded on all foreclosures, including those NOT purchased by banks. Don't waste your time. A bank will decide their disposition strategy for a particular property shortly after the sale, after that it is simply too late to get their listing or secure a discount.
• Bank Listings - Bank provided lists of properties for sale. These are properties that have already been cleaned up, and in most cases listed with a Realtor®. No different than buying any other house on the market.
• Whether you're a first time home buyer or an investor looking for a discount: Short Sale Center is the only service that gives you any chance of contacting the bank before it is simply too late.
• Property Details - We don't stop with just the notices. We also add property details from the county assessor's office. These details typically include property type, bedrooms, bathrooms, year built, square footage, and lot size.
• Ownership - We add the tax roll data which includes the name and mailing address of the owner of record, the assessed value of the property, and the annual property taxes.
• Transaction History - We do our best to find previous and existing loans, as well as sales information on each property. While we cannot tell you whether a loan scheduled for foreclosure is a first or second mortgage, the transaction history information is often invaluable in gaining insight into how much equity is in the property, as well as the circumstances surrounding the foreclosure.
• Maps and aerial photos - We work to find the geographic location of every property in our database, a process called geo-coding. Once each property is geo-coded we can pinpoint its location on a street map, and provide aerial photos that allow you to easily get a bird's eye view of the property.
• Estimated Values, Equity and Loan Positions - Using computer models we estimate property values, determine which loans are still open, what position the loans are in (1st, 2nd, 3rd), and the equity remaining after both the loan in foreclosure (LTV) and all open loans (CLTV).

Keeping the Data Fresh:

Anyone who has spent any time really working foreclosures has found that much of the available data is stale and a waste of time. This can be really frustrating, especially to those just getting started. Through our unique ForeclosureRadar, we have been able has made major advances on this front to save you time and frustration:

• Preforeclosure - This opportunity starts the day the Notice of Default is filed and continues until the owner resolves the problem or the property is sold. We are the only service that actively tracks foreclosure auctions; as such, we proactively remove every preforeclosure that cancels or sells. It is no longer a preforeclosure opportunity, so there is no reason to waste your time or the owner's. We are the only service that actively removes properties that are sold or canceled. In the event that no auction is scheduled, we proactively remove preforeclosures 120 days after the Notice of Default is filed.
• Auction - This opportunity starts the day the Notice of Trustee Sale is filed and continues until the auction is canceled, or the auction is held and the property sold. Foreclosures scheduled for auction can be postponed up to 1 year in California, while other properties are canceled immediately. Since the Notice of Trustee Sale is published as little as 2 weeks before the sale, lists from other services are often inaccurate within days of being published. By tracking the auctions we ensure that only active auction properties remain - making our lists the freshest in the business.
• Bank Owned (REO) - This really hasn't been an opportunity until now. By the time the deed was filed at the courthouse, it was simply too late for a Realtor® to approach the bank to ask for the listing, and investors found that they were simply referred to the listing agent. By tracking the auctions, we post our list of bank owned opportunities within hours of the actual sale - no one else even comes close! To keep our data fresh we proactively remove REO properties 120 days after the foreclosure auction as they should be available in the MLS by that time.