$657,305 EMV


Single-Family

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Spruce Ave
South Lake Tahoe, CA 96150

Status: Active
Listing ID: 56683227

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Pre-Foreclosure

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Bank Owned

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View Foreclosure Status
08/24/21
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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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
08/24/21   Preforeclosure Mufg Union Bank N A

South Lake Tahoe, CA
Home Inspectors

INN-Spec Home Inspection Service
Bruce Pickering
530-542-2888
Hawkeye Home Inspections, Inc.
Raymond Overton
916-966-2272
foreclosure.com

Spruce Ave
South Lake Tahoe, CA 96150

Single-Family

$657,305 EMV

Status: Active Listing ID: 56683227

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Spruce-Ave-South-Lake-Tahoe-CA-96150/56683227_lid

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