Bank Owned Real Estate in San Diego

San Diego bank charters require a certain amount of solvency be maintained in an effort not to weight a San Diego banks liability too heavily in San Diego. The loss-mitigation division of a San Diego bank is motivated to move non-performing assets out of the San Diego bank. During foreclosure if there are no buyers of the San Diego real estate property the San Diego property reverts to the San Diego bank and is offered for sale through their REO division. Many San Diego banks will negotiate down the payoff (a short sale) in an effort to move the asset allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the San Diego real estate property can be conducted prior to purchase.

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