San Luis Obispo County & Santa Maria Foreclosure Listings  

We provide IMMEDIATE access to Foreclosure Listings (both REO and Short Sale) for San Luis Obispo County and the Santa Maria Valley.  We know of no other Central Coast website that provides this level of information about Foreclosure listings.

There are multiple ways to access the Foreclosure Listings:

1) REO Listings Report
This report displays available bank-owned (REO) foreclosure listings from the MLS.  Updated Daily.

2) Short Sale Listings Report
This report displays available short sale listings from the MLS. Updated Daily.

3) New Listings Report
In this report, new listings are displayed over the past 7 days.  REO listings are noted with the color BLUE and Short Sale listings are in ORANGE. Updated Daily.

4) Menu in Upper Left Corner of Pages
If you look at the top left corner of this page you'll see the MLS Search Menu.  You can access REO and Short Sale listings by city.  Or, choose New Listings and then REO or Short Sale listings and then choose to display new listings over the past day, 3 days, or 7 days.

5) Advanced "Power" Search
With this MLS search form, you can choose "REO" or "Short Sale- See Rules" under the "Listing Detail" category. You can also narrow your search by choosing any of the searchable options. For example, search on REO listings in Paso Robles or Atascadero that have been on the market for less than 7 days, that have 3 bedrooms, over 1200 sq feet, and priced between $300K-$400K.  LOTS of search options that you can choose to use (or not use).

6) Have New REO and/or Short Sale Listings Automatically Emailed to You
By using the Advanced Power Search in #5 above, you can choose to have listings that meet your criteria emailed to you when they come on the market. Just choose "Daily Updates" on the Power Search form.

We also include every piece of details for each foreclosure listing that the MLS rules and regulations allows us to display.

Short Sale  - A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage.   Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes.

Bank owned or REO - An REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction.

*** We have also partnered with a Realtor team in Silicon Valley to create a similar foreclosure search for that area ( San Jose, Sunnyvale, Cupertino, Milpitas, Morgan Hill, Gilroy, Los Gatos, etc.).  You can access the Silicon Valley Foreclosure MLS search here - http://www.locallinks.com/san_jose_real_estate_mls.htm