$1,661,753 EMV

3 Beds   2 Baths   2,298 Sq. Ft.   Single-Family
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San Marcos Pass Rd
Santa Barbara, CA 93105

Status: Active
Listing ID: 57524629

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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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Rental Value

The estimated rental value for San Marcos Pass Rd located in Santa Barbara, CA is $4,630/month. Comparable homes around San Marcos Pass Rd that are rentals have monthly ranges starting as low as $4,170 per month and as high as $5,090 per month. An owner looking to use this property as an investment could bring a return in the area of $4,170 - $5,090 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.


Santa Barbara, CA
Home Inspectors
Checkpoint Inspection Service
George Blair
805-647-8533
Homes On This Street
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San Marcos Pass Rd
Santa Barbara, CA 93105

3 Beds   2 Baths   2,298 sq. ft.   Single-Family

$1,661,753 EMV

Status: Active Listing ID: 57524629

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=San-Marcos-Pass-Rd-Santa-Barbara-CA-93105/57524629_lid

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