Monterey Foreclosures

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Search Monterey Foreclosures for sale on the MLS. View recent sales and find homes for sale in Monterey which allow for a 50% commission credit.

Monterey Foreclosures

If you’re looking to purchase a Monterey home for sale at a bargain price, foreclosures can often be a great opportunity for experienced investors. If a homeowner defaulted on their mortgage and is unable to pay off their debt before their home auction date, the property will revert back to the lender through the Monterey foreclosure process. Once a home has been foreclosed on, it will either be sold off in bulk by the bank or listed with an agent who will add to the MLS. Prior to entering into the MLS, it is often only possible to purchase a foreclosure if you have cash. However, once the property comes on the market through the Monterey MLS, there is typically preference within the first 2 weeks to FHA or other government-backed mortgages; if the prior loan foreclosed on was a government-backed mortgage.

Foreclosures in Monterey by Zip Code

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Hottest Foreclosures Listings in Monterey


Active
  • Located in Monterey
  • Built in 1993
  • MLS #: ML81988882
  • 2 Bedrooms
  • 2 Baths
  • 1,023 SqFt
More details Listing by Ryan Melcher, Sotheby's International Realty

Active
  • Located in Monterey
  • Built in 1983
  • MLS #: ML81988430
  • 3 Bedrooms
  • 3 Baths
  • 2,361 SqFt
More details Listing by KW Coastal Estates

Active
  • Located in Monterey
  • Built in 1948
  • MLS #: ML81983696
  • 3 Bedrooms
  • 2 Baths
  • 1,269 SqFt
More details Listing by Rita Painter, Century 21 Showcase Realtors

Active
  • Located in Monterey
  • Built in 1977
  • MLS #: ML81986790
  • 2 Bedrooms
  • 2 Baths
  • 1,116 SqFt
More details Listing by Sotheby's International Realty

Active
  • Located in Monterey
  • Built in 1993
  • MLS #: ML81988614
  • 1 Bedrooms
  • 1 Bath
  • 478 SqFt
More details Listing by Susan Spiegel, Compass

Active
  • Located in Monterey
  • Built in 2014
  • MLS #: ML81982163
  • 3 Bedrooms
  • 2 Baths
  • 1,512 SqFt
More details Listing by Doree Hyland, Mont Grove Realty

Active
  • Located in Monterey
  • Built in 1983
  • MLS #: ML81973360
  • 3 Bedrooms
  • 3 Baths
  • 3,536 SqFt
More details Listing by Vilia K. Gilles, Sotheby's International Realty

Active
  • Located in Monterey
  • Built in 1968
  • MLS #: ML81988725
  • 1 Bedrooms
  • 1 Bath
  • 513 SqFt
More details Listing by Sri Shankar, Compass

Active
  • Located in Monterey
  • Built in 2004
  • MLS #: ML81983195
  • 5 Bedrooms
  • 7 Baths
  • 6,819 SqFt
More details Listing by Ryan Melcher, Sotheby's International Realty

Active
  • Located in Monterey
  • Built in 1982
  • MLS #: ML81969454
  • 2 Bedrooms
  • 2 Baths
  • 1,546 SqFt
More details Listing by Stacey Scherling, Compass

Active
  • Located in Monterey
  • Built in 1916
  • MLS #: ML81985740
  • 2 Bedrooms
  • 2 Baths
  • 1,185 SqFt
More details Listing by Martha Davis, Monterey Coast Realty

Active
  • Located in Monterey
  • Built in 1971
  • MLS #: ML81985369
  • 4 Bedrooms
  • 3 Baths
  • 1,940 SqFt
More details Listing by Nate Randall, Sotheby's International Realty

Active
  • Located in Monterey
  • Built in 1993
  • MLS #: ML81980597
  • 1 Bedrooms
  • 1 Bath
  • 513 SqFt
More details Listing by Susan Spiegel, Compass

Active
  • Located in Monterey
  • Built in 1977
  • MLS #: ML81986733
  • 2 Bedrooms
  • 3 Baths
  • 1,388 SqFt
More details Listing by Melissa Radowicz, Compass

Pending
  • Located in Monterey
  • Built in 1946
  • MLS #: ML81970741
  • 3 Bedrooms
  • 2 Baths
  • 1,279 SqFt
More details Listing by Tony Della Sala, Pacific Street Real Estate, Inc.

Active
  • Located in Monterey
  • Built in 1958
  • MLS #: ML81988206
  • 2 Bedrooms
  • 1 Bath
  • 1,020 SqFt
More details Listing by Pete Deoudes, Coldwell Banker Realty

Pending
  • Located in Monterey
  • Built in 1957
  • MLS #: ML81987460
  • 3 Bedrooms
  • 2 Baths
  • 1,194 SqFt
More details Listing by Sotheby's International Realty

Active
  • Located in Monterey
  • Built in 1920
  • MLS #: ML81987589
  • 2 Bedrooms
  • 1 Bath
  • 595 SqFt
More details Listing by Juan Alvarez, Envision Realty, Inc.

Active
  • Located in Monterey
  • Built in 1990
  • MLS #: ML81986857
  • 3 Bedrooms
  • 3 Baths
  • 3,515 SqFt
More details Listing by David Samples, eXp Realty of California Inc

Active
  • Located in Monterey
  • Built in 1952
  • MLS #: ML81986363
  • 3 Bedrooms
  • 1 Bath
  • 1,201 SqFt
More details Listing by Anthony Davi, Anthony Davi, Broker

Active
  • Located in Monterey
  • Built in 1966
  • MLS #: ML81985734
  • 3 Bedrooms
  • 2 Baths
  • 2,000 SqFt
More details Listing by Real Brokerage Technologies

Active
  • Located in Monterey
  • Built in 1931
  • MLS #: ML81983702
  • 3 Bedrooms
  • 3 Baths
  • 1,784 SqFt
More details Listing by Michele Altman, Sotheby's International Realty

Active
  • Located in Monterey
  • Built in 1956
  • MLS #: ML81980656
  • 2 Bedrooms
  • 1 Bath
  • 842 SqFt
More details Listing by Juan Alvarez, Envision Realty, Inc.

Active
  • Located in Monterey
  • Built in 2002
  • MLS #: ML81969252
  • 5 Bedrooms
  • 5 Baths
  • 5,000 SqFt
More details Listing by Larry Larronde, Corral De Tierra Realty

Active
  • Located in Monterey
  • Built in 1951
  • MLS #: ML81988185
  • 2 Bedrooms
  • 2 Baths
  • 1,104 SqFt
More details Listing by Juan Alvarez, Envision Realty, Inc.

Active
  • Located in Monterey
  • Built in 1968
  • MLS #: ML81976856
  • 1 Bedrooms
  • 1 Bath
  • 513 SqFt
More details Listing by Keller Williams Realty

Active
  • Located in Monterey
  • Built in 1977
  • MLS #: ML81984288
  • 2 Bedrooms
  • 3 Baths
  • 1,378 SqFt
More details Listing by Brandon Diamond, Bailey Properties

Active
  • Located in Monterey
  • Built in 2003
  • MLS #: ML81966861
  • 3 Bedrooms
  • 4 Baths
  • 3,431 SqFt
More details Listing by KW Coastal Estates

Active
  • Located in Monterey
  • Built in 1980
  • MLS #: ML81988461
  • 2 Bedrooms
  • 2 Baths
  • 1,155 SqFt
More details Listing by San Carlos Agency, Inc.

Active
  • Located in Monterey
  • Built in 1980
  • MLS #: ML81979602
  • 1 Bedrooms
  • 1 Bath
  • 560 SqFt
More details Listing by Bran Kovac, Bran Kovac Realty

Active
  • Located in Monterey
  • Built in 2004
  • MLS #: ML81968642
  • 4 Bedrooms
  • 5 Baths
  • 5,487 SqFt
More details Listing by Paul Hollingsworth, Coldwell Banker Realty

Active
  • Located in Monterey
  • Built in 1985
  • MLS #: ML81979219
  • 1 Bedrooms
  • 1 Bath
  • 598 SqFt
More details Listing by Anthony Pietragallo, Resource Real Estate Loans

Active
  • Located in Monterey
  • Built in 1980
  • MLS #: ML81977875
  • 1 Bedrooms
  • 1 Bath
  • 560 SqFt
More details Listing by Peter Boggs, Coldwell Banker Realty

Active
  • Located in Monterey
  • Built in 1980
  • MLS #: ML81984531
  • 1 Bedrooms
  • 1 Bath
  • 560 SqFt
More details Listing by Ted Egner, Christie's International Real Estate Sereno

Active
  • Located in Monterey
  • Built in 1988
  • MLS #: ML81976591
  • 1 Bedrooms
  • 1 Bath
  • 696 SqFt
More details Listing by Alexander Heisinger, Compass

Active
  • Located in Monterey
  • Built in 1928
  • MLS #: ML81952170
  • 7 Bedrooms
  • 8 Baths
  • 3,074 SqFt
More details Listing by Young Seon Myong, Sotheby's International Realty

Active
  • Located in Monterey
  • Built in 1987
  • MLS #: ML81976970
  • 4 Bedrooms
  • 5 Baths
  • 3,400 SqFt
More details Listing by Shaniah Rocha-ventura, Real Brokerage Technologies

Active
  • Located in Monterey
  • Built in 1970
  • MLS #: ML81985320
  • 1 Bedrooms
  • 1 Bath
  • 630 SqFt
More details Listing by Pete Deoudes, Coldwell Banker Realty

Active
  • Located in Monterey
  • Built in 2020
  • MLS #: ML81953170
  • 3 Bedrooms
  • 2 Baths
  • 1,898 SqFt
More details Listing by Shelly Lynch, Carmel Realty Company

Active
  • Located in Monterey
  • Built in 1992
  • MLS #: ML81963471
  • 3 Bedrooms
  • 2 Baths
  • 2,116 SqFt
More details Listing by Daniel Cardenas, Coldwell Banker Realty

Active
  • Located in Monterey
  • Built in 1937
  • MLS #: ML81962143
  • 4 Bedrooms
  • 3 Baths
  • 2,628 SqFt
More details Listing by Daniel Cardenas, Coldwell Banker Realty

Active
  • Located in Monterey
  • Built in 1982
  • MLS #: ML81982025
  • 3 Bedrooms
  • 3 Baths
  • 2,437 SqFt
More details Listing by Connie Tabor, Coldwell Banker Realty

Active
  • Located in Monterey
  • Built in 1983
  • MLS #: ML81948858
  • 4 Bedrooms
  • 3 Baths
  • 1,828 SqFt
More details Listing by Keller Williams, Inc.

Pending
  • Located in Monterey
  • Built in 1924
  • MLS #: ML81918570
  • 4 Bedrooms
  • 2 Baths
  • 1,620 SqFt
More details Listing by Tenley Baxter, Sotheby's International Realty

This information is believed to be accurate, but without any warranty.

Monterey Real Estate Listings

Search homes for sale in Monterey through our MLS powered real estate search. Find and compare homes, condos, and land for sale in Monterey. Visit open houses or schedule a tour online with one of our partner agents. When you’re ready to make an offer on a Monterey home, you’ll recieve a 50% commission credit when you submit your offer online with OfferDash®.

Open Houses in Monterey

If you’re in the market for a new home or just love staying current with what’s on the market, check out the list of Monterey open houses happening this weekend. We can help you plan a day to tour homes for sale that are having an open house. When browsing homes for sale in Monterey, just hit the save button and build your open house list of homes you want to tour. If you’re not finding any open house options on a property you want to tour, our local Partner Agents can schedule a private tour for you.

Making an Offer to Buy a Home in Monterey

We’ve automated the home buying and selling process in order to save thousands for buyers and sellers. Once you’ve found the Monterey home for sale that you want to buy, just enter the address in our offer submission form and we’ll automatically draft a legal offer within minutes. In return, you’ll receive a 50% commission credit back for closing costs.

Monterey Home Values

Determining your Monterey home’s value is a 3 step process. A great way to begin is by checking your property value using our automated home valuation software. This free tool can help you determine what your home might sell for and even calculates estimated rental income it could generate by leasing out your property. To begin the process of determining your Homes value, start a free instant home valuation.

Monterey Short Sales

If a homeowner is having difficulty paying their mortgage and their Monterey home value has gone down below their mortgage amount, they may be considering a short sale. When a seller lists their Monterey home for sale as a short sale, they accept only one offer and submit it to their bank with a short sale package requesting mortgage debt relief. If their lender approves a short sale, they will inform the seller of the minimum net proceeds the bank will take in order to write off the sellers defaulted debt. It is often difficult to reduce the lenders’ short sale approval amount once the lender has made their decision. On loans with mortgage insurance, the lender’s losses are often covered by their insurance up to a certain amount. If a lender accepts a short sale they are likely to not receive a payout from their insurance, so knowing what coverage they have on a loan policy is key when requesting a short sale. If you’re interested in purchasing a Monterey home for sale that is listed as a short sale, know that it can be a lengthy process. Those that wait can often get a better deal than a foreclosure; since the bank only reviews 1 offer versus a foreclosure which may have multiple bids. However, a short sale could take months where a foreclosure sale can be sold within days.

Nearby Foreclosure Listings in Berkshire County

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