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E Garfield Ave Unit C
Glendale, CA 91205

Status: Inactive
Listing ID: 33016402

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Property Information

  • Comments: For the most reliable and current information regarding ReconTrust's properties, please contact us directly at (800) 281-8219 or by mail at 1757 Tapo Canyon Road, Simi Valley, CA 93063.
  • Day(s) On Site: 3570
  • Trustee Name: RECONTRUST COMPANY, N.A.
  • Trustee Phone: (800) 281-8219
  • Trustee Sale Number: 2011-87615
  • Deed Category: NTS
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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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Auction Information

  • Minimum Bid: $416,983
  • Auction Date: 01-24-2013
  • Auction Time: 09:00:00 AM
  • Auction Location: Doubletree Hotel Los Angeles-Norwalk, 13111 Sycamore Drive, Norwalk, CA 90650, Vineyard Ballroom

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Glendale, CA
Home Inspectors

Detail Property Inspection, Inc
Mike Owdeh
818-553-8198
Samuel Minassian
foreclosure.com

E Garfield Ave Unit C
Glendale, CA 91205

 

Status: Inactive Listing ID: 33016402

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Property Description

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Listing URL

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