3 Beds   3 Baths   1,980 Sq. Ft.   Condo

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Mildred Ave,
Venice, CA 90291

Status: Inactive
Listing ID: 52853962

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Property Information

  • Bedrooms: 3
  • Bathrooms: 3
  • Living Area Size: 1,980
  • Lot Size: 0.17 acres
  • Year Built: 1981
  • Source ID: 25231572
  • Days On Site: 407
  • Subdivision: 38461
  • Parcel Number: 4228003036
  • Property Type: Condo
  • Plaintiff: Citimortgage, Incorporated
  • Defendant Name: FELIPE J ARROYO
  • Recording Date: 08-13-2019
  • Trustee Name: QUALITY LOAN SERVICE CORPORATION
  • Trustee Address: 2763 Camino Del Rio S
  • Trustee City: San Diego
  • Trustee State: CA
  • Trustee Zip: 92108
  • Trustee Phone: (619) 645-7711
  • Trustee Reference Number: CA-19-863415-RY
  • Deed Category: NOD
  • Document Number: 201900806789

Public Records

  • Bedrooms: 3
  • Baths: 3
  • Full Baths: 3
  • Air Conditioning: CENTRAL
  • Heating Type: CENTRAL
  • Land Area Sqft: 7,520
  • Year Built: 1981
  • APN: 4228-003-036
  • Property Type: Condominium
  • Living Sqft: 1,980
  • Subdivision: 38461
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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

    Property Classification

  • Classification Id: Notice of Default
  • Classification Desc: Considered the first phase of the foreclosure process, a homeowner will receive this notice if he or she misses one or more mortgage payments in states that follow non-judicial foreclosure actions. This represents a great opportunity to purchase a home at a significantly reduced price before it is repossessed by a lender.

    Loan Information

  • 1st Mortgage Date: 11-16-2011

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First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Mildred Ave
Venice, CA 90291

3 Beds   3 Baths   1,980 sq. ft.   Condo

 

Status: Inactive Listing ID: 52853962

Property Information

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Public Records

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Property Description

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Listing URL

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