Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice. The foreclosure process can end one of four ways:
Foreclosure Buying Opportunities
The foreclosure process offers three bargain-buying opportunities, represented by three different property statuses.
Realty Ventures follows all NOD's (Notices of Default),Trustee Sales (Foreclosures) and REO's in the Santa Clara and San Mateo counties. This is public information that is compiled from county records. We attend trustee sales, purchase viable properties and have valuable information about upcoming properties that will be sold either through banks or private third parties.