3 Beds   2 Baths   Single-Family

12303 Beaty Ave, Norwalk, CA 90650

Status: Inactive
Listing ID: 10809940

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Number of Units: 1
  • Total Square Feet: 1,232
  • Lot Size: 5597
  • Year Built: 1955
  • Day(s) On Site: 5169
  • Assessed Value: $520,200
  • Parcel Number: 8025-006-009
  • Property Type: Single Family Dwelling
  • Recording Date: 04-25-2008
  • Default Amount: $5,924
  • Trustee Name: WASHINGTON MUTUAL BANK FA
  • Trustee Address: 2141 5TH AVE
  • Trustee City: SAN DIEGO CA 92101
  • Trustee Sale Number: CA-08-126778-NF
  • Deed Category: NTS
  • Document Number: 08-0106608
  • Page Number: 706 7J
  •  

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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.

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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Auction Information

  • Minimum Bid: $449,344
  • Auction Date: 05-14-2008
  • Auction Time: 10:30A
  • Auction Address: 12720 NORWALK BLVD
  • Auction City: NORWALK

    Loan Information

  • Lender Name: WASHINGTON MUTUAL BANK FA
  • 1st Mortgage Date: 06-14-2006
  • 1st Mortgage Amount: $408,000

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Beaty Ave
Norwalk, CA 90650

3 Beds   2 Baths   Single-Family

 

Status: Inactive Listing ID: 10809940

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=12303-Beaty-Ave-Norwalk-CA-90650

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