La Quinta, a much-loved city tucked within the foothills of the Santa Rosa Mountains, is a desirable residential and recreation destination. For nearly a century this Coachella Valley oasis has beckoned families, athletes and the Hollywood elite to come and enjoy a superlative lifestyle. Although the city is growing and thriving, local homeowners have not escaped the effects of the recent economic downturn – resulting in the increased availability of La Quinta real estate foreclosures.

Buyers who search La Quinta real estate foreclosures will discover an array of beautiful homes. Condos, townhomes, properties in elegant resort-style gated communities, golf homes and even the most lavish La Quinta luxury real estate have reached the foreclosure market in recent months. If you are curious of what it means to invest in one of these homes, always consult an experienced real estate professional who will be able to advise you on the unique benefits and challenges of such a venture.

Buying La Quinta Real Estate Foreclosures

As you work your way through the La Quinta real estate listings you will discover many attractive foreclosure properties. But before you move forward it is important to understand what a foreclosure home is and what the buying process is like. A foreclosure home is a home where the mortgage provider, lender or other lien holder has repossessed the property and is looking to sell it quickly to minimize their losses. Since lenders are not in the real estate business, buyers should do a lot of research and always work with a real estate professional to ensure there are no liens on the property or other possible pitfalls. In addition, know that La Quinta real estate foreclosures are often sold without financing and can rarely be viewed before closing.

I am Sandi Phillips – La Quinta Realtor^® and a distressed property specialist. If you are interested in La Quinta, California real estate foreclosures, contact me today.