1 Bed   1 Bath   840 Sq. Ft.   Condo

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S Grand Ave # 1308,
Los Angeles, CA 90015

Status: Inactive
Listing ID: 55457564

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Property Information

  • Bedrooms: 1
  • Bathrooms: 1
  • Living Area Size: 840
  • Lot Size: 0.50 acres
  • Year Built: 2017
  • Source ID: 325242931
  • Days On Site: 134
  • Parcel Number: 5139010092
  • Property Type: Condo
  • Defendant Name: SEUNG HYUN KIM
  • Plaintiff: Bank Of America National Association
  • Recording Date: 06-04-2020
  • Trustee Address: 7720 N 16 Th St
  • Trustee City: Phoenix
  • Trustee State: AZ
  • Trustee Zip: 85020
  • Trustee Phone: (602) 264-6101
  • Trustee Reference Number: 19-30787-BA-CA
  • Deed Category: NTS
  • Document Number: 202000611421


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.

Auction Information

  • Auction Date: 09-28-2020
  • Auction Time: 9:00 AM
  • Auction Address: 400 Civic Center Plaza
  • Auction City: Pomona Ca

    Property Classification

  • Classification Id: Notice of Trustee Sale
  • Classification Desc: This announcement, which is made available to the public by law, describes the date, time and other details of a trustees sale. Finding out about these auctions first will give you more time to research potential bargains and help you get the jump on other investors.

    AVM Analysis

  • Valuation Estimate: $748,000
  • Disclaimer: This AVM value is not an appraisal, it is based on previous sales in the area.

    Loan Information

  • 1st Mortgage Date: 03-24-2017

    NEW Credit Information Center

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Listing History

Start Date End Date Listing Type Bank Name
07/10/20 09/28/20 Preforeclosure
07/06/20 10/14/20 Bankruptcy
06/04/20 07/08/20 Preforeclosure

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.



S Grand Ave # 1308
Los Angeles, CA 90015

1 Bed   1 Bath   840 sq. ft.   Condo


Status: Inactive Listing ID: 55457564

Property Information

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Property Description

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