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Howe Ave
Sacramento, CA 95825

Status: Inactive
Listing ID: 56773715

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Property Information

  • Day(s) On Site: 59
  • Parcel Number: 285-0101-024-0000
  • Property Type: Single Family Dwelling
  • Owner First Name: 1420 HOWE BUSINESS CENTER
  • Recording Date: 09-27-2021
  • Trustee City: FAIR OAKS
  • Trustee Address: 11707 FAIR OAKS BLVD, SUITE 202
  • Trustee State: CA
  • Trustee Zip: 95628
  • Trustee Phone: (916) 939-0772
  • Trustee Sale Number: 131508-1
  • Deed Category: NTS
  • Document Number: 001163
  • Page Number: 001178

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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.


Auction Information

  • Minimum Bid: $5,499,065
  • Auction Date: 10-22-2021
  • Auction Time: 2:00PM
  • Auction Address: 720 9TH STREET
  • Auction City: SACRAMENTO
  • Auction State: CA

    Loan Information

  • Lender Name: MAXVI 1, LLC
  • Lender Phone: (916) 939-0772
  • 1st Mortgage Date: 01-22-2016
  • 1st Mortgage Amount: $5,499,065

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Listing History

Start Date End Date Listing Type Bank Name
07/16/21 08/13/21 Preforeclosure MAXIMUS LENDING FUNC IV, LLC

Sacramento, CA
Home Inspectors

SacPro Home Inspections Inc.
Matt Gray
HomeGuard Incorporated
Walter L. Backeroff III
River City Home Inspections
Gary Ferderer
Ridgeline Property Inspection, Inc
Kenneth Kelley
HomeGuard Incorporated
Arif Baig

Howe Ave
Sacramento, CA 95825



Status: Inactive Listing ID: 56773715

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