4 Beds   3 Baths   2,530 Sq. Ft.   Single-Family
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Aruba Ln
Foster City, CA 94404

Status: Inactive
Listing ID: 56557182

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Property Information

  • Bedrooms: 4
  • Bathrooms: 3
  • Living Area Size: 2,530
  • Total Rooms: 8
  • Lot Size: 0.14 acres
  • Air Conditioning: Central
  • Year Built: 1978
  • Source ID: 21232444
  • Day(s) On Site: 337
  • Improvement Value: $480,828
  • Subdivision: PLUM ISLAND
  • Assessed Value: $961,656
  • Land Value: $480,828
  • Parcel Number: 094850490
  • Property Type: Single Family Dwelling
  • Plaintiff: WASHINGTON MUTUAL BANK
  • Defendant Name: KHOSRO V FARAHANI
  • Trustee Name: TRUSTEE CORPS
  • Trustee Address: 17100 GILLETTE AVE
  • Trustee City: IRVINE
  • Trustee State: CA
  • Trustee Zip: 92614
  • Trustee Phone: (949) 252-8300
  • Trustee Reference Number: CA08005030-14-5
  • Deed Category: NTS
  • Mortgage Balance: $1,327,846

Potential Home Value

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Public Records

  • Bedrooms: 4
  • Baths: 2.5
  • Full Baths: 2
  • Half Baths: 1
  • Rooms: 8
  • Parking: DETACHED GARAGE
  • Parking Sqft: 500
  • Air Conditioning: CENTRAL
  • Heating Type: CENTRAL
  • Land Area Sqft: 6,250
  • Year Built: 1978
  • APN: 094-850-490
  • Property Type: Single Family Residence
  • Front Footage: 50
  • Depth Footage: 125
  • Living Sqft: 2,530
  • Garage: DETACHED
  • Subdivision: PLUM ISLAND

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

  • Auction Date: 08-18-2021
  • Auction Time: 01:00 PM
  • Auction Address: 400 COUNTY CENTER
  • Auction City: REDWOOD CITY
  • Auction Zip: 94061

    Loan Information

  • 1st Mortgage Date: 09-30-2004
  • Mortgage Balance: $1,327,846

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Aruba Ln
Foster City, CA 94404

4 Beds   3 Baths   2,530 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 56557182

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/index.html?&listingid=56557182

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