$367,564 EMV


Single-Family

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Weld St,
Oakland, CA 94621

Status: Active
Listing ID: 54480438

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11/15/19
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.

Property Information

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
11/15/19   Preforeclosure First Guaranty Financial Corp


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

Star Inspection Group
David L. Smith
415-260-1284
Marell Inspection Services, Inc.
Greg Marell
510-338-0234
BPG
Barry Syska
510-735-6786
Cogley Property Inspections, LLC
Brian Cogley
510-295-8021
Paradigm Inspections, LLC
Robert Brian Rood
510-740-9452
foreclosure.com

Weld St
Oakland, CA 94621

Single-Family

$367,564 EMV

Status: Active Listing ID: 54480438

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Property Description

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Listing URL

https://www.foreclosure.com/listing/index.html?&listingid=54480438

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