$620,873 EMV

2 Beds   2 Baths   1,067 Sq. Ft.   Condo
Get the Preforeclosure Address

Burchett St Apt 105
Glendale, CA 91203

Overview

This Condo is located at Burchett St Apt 105, Glendale, CA 91203. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 2 Beds, 2 Baths , 1,067 sqft of living space.
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Status: Inactive
Listing ID: 57954594

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 1,067
  • Lot Size: 0.70 acres
  • Year Built: 1984
  • Source ID: 16903054
  • Day(s) On Site: 138
  • Subdivision: 40149
  • Parcel Number: 5636-014-048
  • Property Type: Condo
  • Plaintiff: Regency Court Townhomes Inc
  • Defendant Name: AIDA PANOSYAN
  • Recording Date: 04-29-2022
  • Trustee Name: RESIDENTIAL ENFORCEMENT AGENCY INC
  • Trustee Address: 1124 N Brand Blvd
  • Trustee City: Glendale
  • Trustee State: CA
  • Trustee Zip: 91202
  • Trustee Phone: (818) 956-1800
  • Trustee Reference Number: 21-1232-105
  • Deed Category: NOD
  • Document Number: 202200471145

Public Records

  • Bedrooms: 2
  • Baths: 2
  • Full Baths: 2
  • Air Conditioning: CENTRAL
  • Pool: SPA
  • Heating Type: CENTRAL
  • Land Area Sqft: 30,569
  • Year Built: 1984
  • APN: 5636-014-048
  • Property Type: Condominium
  • Living Sqft: 1,067
  • Subdivision: 40149

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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    Loan Information

  • 1st Mortgage Date: 11-03-2021

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Rental Value

The estimated rental value for Burchett St Apt 105 located in Glendale, CA is $2,020/month. Comparable homes around Burchett St Apt 105 that are rentals have monthly ranges starting as low as $1,720 per month and as high as $2,320 per month. An owner looking to use this property as an investment could bring a return in the area of $1,720 - $2,320 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.

Listing History

Start Date End Date Listing Type Bank Name
06/17/22   Bankruptcy
05/10/22 08/05/22 Bankruptcy

Glendale, CA
Home Inspectors
Samuel Minassian
Detail Property Inspection, Inc
Mike Owdeh
818-553-8198
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Homes On This Street
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Burchett St Apt 105
Glendale, CA 91203

2 Beds   2 Baths   1,067 sq. ft.   Condo

$620,873 EMV

Status: Inactive Listing ID: 57954594

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=57954594

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