How to Find Santa Cruz Foreclosures

Posted by Lauren Spencer on Saturday, May 30th, 2009 at 12:01pm.

In today's real estate market, it's fairly easy to find Santa Cruz foreclosures, but what about finding good foreclosures in a steady market?  Whether the market is strong or soft, here are a few tips on finding foreclosed houses:

Real Estate Signs

First and foremost, drive through your neighborhood and surrounding areas.  Signs that say "Foreclosure," "Bank-Owned" or "Bank Repo" let you know they're Santa Cruz foreclosures.  But your best bet, if you want to get a jump on other buyers and get the best price and terms, is to work with a professional real estate agent.

Government Agencies

Depending on the agency, you may have to have the services of a real estate agent to make a purchase offer.  The requirements are posted at each site, along with more information.  Some of these government agencies include Housing Urban Development (HUD), Fannie Mae, the Department of the Treasury (homes seized by the IRS) and the Small Business Association (SBA).

Bank Websites

Banks are an excellent place to get listings for Santa Cruz foreclosures, and several banks have those lists online.  Some of the national mortgage lenders with online listings include Countrywide, Bank of America, Chase Mortgage and U.S. Bank.

Auction Houses

Sometimes an auction house will sell as many as one hundred homes in a day.  Although they often get higher prices because of bidder frenzy, you can find some excellent deals in their inventory if you bid carefully.  These auction houses include J.P. King, Williams and Williams, Bid4Assets, United Country Auction Services and Real Estate Disposition Corporation.

Web Foreclosure Companies

Foreclosure companies on the internet charge a fee for a list of foreclosed properties.  They need to charge because it does take time and a lot of work to find and build accurate lists.  Examples of internet foreclosure companies are and Realty Trac.

Buying foreclosures can leave some extra cash in your wallet, but you have to know where to find them.  If you'd like help buying Santa Cruz foreclosures, give me a call today at 831.662.6522 or email me at



Bank of America

Realty Trac

About Lauren Spencer

Award-Winning Santa Cruz REALTOR®

Lauren Spencer is your local real estate expert, specializing in Santa Cruz real estate and surrounding communities—this is where she lives, works, and plays too. Let her know your questions about the community and county and she'll be happy to fill you in on all you want to know! Lauren Spencer has consistently been voted best local REALTOR in Santa Cruz and is always happy to offer her advice and expertise. Call her at: 800.226.4717.

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