San Juan Capistrano Preforeclosure

Preforeclosure is the process followed prior to a home being foreclosed upon.  It starts with a lender issuing a Notice of Default and follows a strict timeline and well-defined steps up to the point where the property is sold at auction or seized by the lender.  Preforeclosure activity is one of the leading indicators of the number of foreclosures or short sales that an area will experience in the future.  By compiling information provided by various research organizations, we have created a preforeclosure factor to help determine how many distress sales an area can expect to see.  The factor is the result of dividing the number of homes in preforeclosure by the total number of homes sold in that area the previous year.

To put this in perspective, wealthy, well-established communities have a very low preforeclosure factor (i.e. under 20%).  Communities that have been hit especially hard by the subprime crisis have a very high preforeclosure factor (i.e. over 150%).

San Juan Capistrano’s preforeclosure factor is 65%.

To view available preforeclosure properties in San Juan Capistrano, please visit our San Juan Capistrano Preforeclosure Properties page.