5 Beds   3 Baths   3,965 Sq. Ft.   Single-Family

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Mustang Dr,
Simi Valley, CA 93063

Status: Inactive
Listing ID: 51808779

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Property Information

  • Bedrooms: 5
  • Bathrooms: 3
  • Living Area Size: 3,965
  • Total Rooms: 10
  • Lot Size: 0.26 acres
  • Levels: 2
  • Year Built: 2002
  • Source ID: 20595553
  • Days On Site: 567
  • Improvement Value: $458,113
  • Assessed Value: $726,718
  • Land Value: $268,605
  • Parcel Number: 624-0-050-515
  • Property Type: Single Family Dwelling
  • Defendant Name: COOPER MICHAEL D
  • Last Sale Amount: $548,500
  • Last Sale Date: 07-11-2007
  • Trustee Name: XOME REALTY SERVICES LLC
  • Trustee Address: 750 HIGHWAY 121 BYPASS STE #100
  • Trustee City: LEWISVILLE
  • Trustee State: TX
  • Trustee Zip: 75067
  • Trustee Phone: (844) 400-9663
  • Trustee Reference Number: CA18836395AB
  • Deed Category: NTS
  • Mortgage Balance: $1,314,313
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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.

Auction Information

  • Auction Date: 01-07-2020
  • Auction Time: 11:00 AM
  • Auction Address: 800 SOUTH VICTORIA AVENUE
  • Auction City: VENTURA
  • Auction Zip: 93003

    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.

    Loan Information

  • Mortgage Balance: $1,314,313

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Listing History

Start Date End Date Listing Type Bank Name
11/26/18 01/07/20 Preforeclosure U S Bank National Assn
07/19/10 07/19/11 Bankruptcy


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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Simi Valley, CA
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Mustang Dr
Simi Valley, CA 93063

5 Beds   3 Baths   3,965 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 51808779

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/index.html?st=CA&cno=111&listingid=51808779

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