4 Beds   3 Baths   2,415 Sq. Ft.   Townhome
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Rocky Point Ct
Oakland, CA 94605

Status: Inactive
Listing ID: 57065436

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Property Information

  • Bedrooms: 4
  • Bathrooms: 3
  • Living Area Size: 2,415
  • Lot Size: 0.07 acres
  • Year Built: 2012
  • Source ID: 157959950
  • Day(s) On Site: 169
  • Parcel Number: 37A-3166-18
  • Property Type: Townhouse
  • Defendant Name: CHO, HERBERT
  • Plaintiff: Omni Community Management LLC
  • Recording Date: 11-15-2021
  • Trustee Address: 696 San Ramon Valley Blvd
  • Trustee City: Danville
  • Trustee State: CA
  • Trustee Zip: 94526
  • Trustee Phone: (925) 855-8554
  • Trustee Reference Number: 2021-05570
  • Deed Category: NOD
  • Document Number: 202100371391

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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.


    Loan Information

  • 1st Mortgage Date: 08-02-2021

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Oakland, CA
Home Inspectors
Marell Inspection Services, Inc.
Greg Marell
Jeffery M Spellman
(510) 525-7173
Star Inspection Group
David L. Smith
Cogley Property Inspections, LLC
Brian Cogley
Homes On This Street
View more homes on Rocky Point Ct

Rocky Point Ct
Oakland, CA 94605

4 Beds   3 Baths   2,415 sq. ft.   Townhome


Status: Inactive Listing ID: 57065436

Property Information

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Property Description

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