Overview
This Preforeclosure is located at Wisconsin Ave, El Cajon, CA 92020. It has 4 Beds 3 Baths This property is currently in pre-foreclosure .
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This property is available as a preforeclosure at Wisconsin Ave. This property features 4 bedrooms and 3 bathrooms, perfect for investment and/or your personal residence. Our team of real estate experts has conducted a thorough analysis of the current market conditions in El Cajon, specifically for Wisconsin Ave and comparable listings. Based on this expert analysis, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Wisconsin Ave are updated daily along with others in El Cajon, California, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Wisconsin Ave below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 5 schools in the area. Nearby schools include El Cajon Valley High School and Valhalla High School.
There are plenty of activities near this property like El Cajon Library, Grossmont Healthcare District, and more.
Public transportation options include: San Diego Metropolitan Transit System (MTS) bus services, Nearby trolley lines connect the area with downtown San Diego. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Hillside Park, Kennedy Park and more.
Services available in the area include cellular and internet options.
This property in El Cajon, CA is located in the Palm Acres Subdivision.
The property located at Wisconsin Ave in El Cajon, CA is listed as a Preforeclosure
This listing located at Wisconsin Ave in El Cajon, CA could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.
Please take note that this property in El Cajon, California is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in El Cajon, CA, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.
Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.
You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in El Cajon, California doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.
For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.
This is an important legal concept to understand before moving forwardPreforeclosure 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.
Steps as you search for your pre-foreclosure property:
Property owners and lenders are both in awkward positions when a loan goes into default. The property owner would like to avoid the foreclosure as it will have very negative consequences for his credit, and can severely limit his chances to obtain credit for a long time into the future. The lender knows it will probably be taking a loss because, if the property was worth the debt on it, the owner probably would have already sold it to avoid the foreclosure. Short sales are very common in pre-foreclosure situations and this leaves the door open for opportunities for you as the lucky real estate investor.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 06/18/25 | Preforeclosure | US Bank Trust National Assn |
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