$382,670 EMV


3 Beds   1 Bath   1,232 Sq. Ft.   Single-Family

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87th Ave,
Oakland, CA 94621

Status: Active
Listing ID: 53185900

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10/11/19
Notice of Default
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.

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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.

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Listing History

Start Date End Date Listing Type Bank Name
10/11/19   Preforeclosure Specialized Loan Servicing LLC


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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Oakland, CA
Home Inspectors

Marell Inspection Services, Inc.
Greg Marell
510-338-0234
Cogley Property Inspections, LLC
Brian Cogley
510-295-8021
Star Inspection Group
David L. Smith
415-260-1284
BPG
Barry Syska
510-735-6786
Darren L Cockrell
805-807-2321
foreclosure.com

87th Ave
Oakland, CA 94621

3 Beds   1 Bath   1,232 sq. ft.   Single-Family

$382,670 EMV

Status: Active Listing ID: 53185900

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/index.html?&listingid=53185900

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