$173,740 EMV


2 Beds   1 Bath   570 Sq. Ft.   Single-Family

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Searchlight Ave
Stockton, CA 95205

Status: Active
Listing ID: 56764054

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09/23/21
Notice of Default
Considered the first phase of the foreclosure process, a homeowner will receive this notice if he or she misses one or more mortgage payments in states that follow non-judicial foreclosure actions. This represents a great opportunity to purchase a home at a significantly reduced price before it is repossessed by a lender.
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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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Listing History

Start Date End Date Listing Type Bank Name
09/23/21   Preforeclosure Community Loan Servicing LLC

Stockton, CA
Home Inspectors

ProTECH Inspection Service
Kirk A. Randall
209-481-5403
SafeHome Inspections, LLC
Blake Bishop
209-938-8908
foreclosure.com

Searchlight Ave
Stockton, CA 95205

2 Beds   1 Bath   570 sq. ft.   Single-Family

$173,740 EMV

Status: Active Listing ID: 56764054

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Searchlight-Ave-Stockton-CA-95205/56764054_lid

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