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REO SoCal

REO SoCal.com is a dynamic foreclosure glossary and multi-database REO property search. REO SoCal provides information from the major government REO (Real Estate Owned) databases in addition to database information on pre - foreclosure, (currently in default and trustee sale status). You can also subscribe to our foreclosure "Term of the Day " feature.

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Foreclosure Term of the Day -

Out-Of-Court Foreclosure

Foreclosure on a mortgage without filing a lawsuit or obtaining a court order. Generally such sales occur because the borrower has signed a document, such as a deed of trust, giving a trustee pre-authorization to sell the real estate to pay off the debt.