$12,600

Single-Family
Get the Preforeclosure Address

Ave O8/250 Ste
Black Butte, CA 93591

Overview

This Single-Family Preforeclosure is located at Ave O8/250 Ste, Black Butte, CA 93591. This property is currently in auction.
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Status: Inactive
Listing ID: 56458302

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Property Information

  • Price: $12,600
  • Lot Size: 5 acres
  • Comments: Auction began on 2022-07-27.
  • Source ID: 1057290
  • Day(s) On Site: 417
  • Property Type: Single Family Dwelling
  • Deed Category: NFS

Potential Home Value

This property has untapped potential!

Current Value
$12,600
Potential Value
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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

  • Auction Date: 08-03-2022

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Ave O8/250 Ste
Black Butte, CA 93591

Single-Family

$12,600

Status: Inactive Listing ID: 56458302

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Ave-O8-250-Ste-Black-Butte-CA-93591/56458302_lid

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