Search all foreclosure properties in Malibu on one easy to use website. Saves searches, schedule showings on your favorite properties, free daily email updates on new properties that fit your criteria and alerts on price reductions to track your favorite properties. We provide the knowledge and you control the power.
A foreclosure is a very specific legal process in which a lender or bank tries to gain possession of the asset (property) as a result of the borrowers/owners inability to keep up with mortgage payments. Once the bank or lender gains title the property is known as an "REO" (Real Estate Owned).
Since there is a very limited inventory of Malibu REO's and a lot of demand from many savvy investors it is imperative to be educated and prepared if you're wanting to buy one.
1. Cash is king. Cash offers will always be preferred by the lenders or banks in REO sales.
2. Bank-owned properties aren't always the best deals on the market, especially in Malibu. There are always standard sale properties on the market in Malibu. If you're interested in getting a great buy in Malibu. Please contact me.
3. Due to the competitive Malibu foreclosure market it is always best to start a negotiation on a bank-owned property first foot forward. Bring a strong all cash offer if possible with a short contingency period (10 days is best) and short escrow (17 or 21 day).
4. To get the deal in Malibu you must work with a great Malibu real estate agent who alerts you of the deal even before it's on the market, helps you negotiate best price and terms, and gets the job done in tricky escrow situations. If you're interested in knowing the great deals on the market even before they're officially listed on the MLS please click here to fill out this form and let me know what you're looking for.