3 Beds   2 Baths   Single-Family

3340 Bayberry Dr, Chino Hills, CA 91709

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Overview

This Single-Family is located at Bayberry Dr, Chino Hills, CA 91709. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 3 Beds, 2 Baths.
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Status: Inactive
Listing ID: 10088026

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Total Square Feet: 1,258
  • Lot Size: 10080
  • Year Built: 1977
  • Day(s) On Site: 5436
  • Assessed Value: $196,824
  • Parcel Number: 1017-441-01
  • Property Type: Single Family Dwelling
  • Recording Date: 03-06-2008
  • Default Amount: $2,425
  • Trustee Name: T D SERVICE CO
  • Trustee Address: 1820 E 1ST ST # 210
  • Trustee City: SANTA ANA CA 92711
  • Trustee Sale Number: D354331 CA
  • Deed Category: NOD
  • Document Number: 2008-0099911
  • Page Number: 681 7B

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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    Loan Information

  • Lender Name: MARGARET VELARDE
  • 1st Mortgage Date: 04-28-2006
  • 1st Mortgage Amount: $75,000

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Bayberry Dr
Chino Hills, CA 91709

3 Beds   2 Baths   Single-Family

 

Status: Inactive Listing ID: 10088026

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Listing URL

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