2 br
2 ba
1,472 sqft
Single-Family Home
From:
RealtyTrac
Listing Type: Foreclosure
Status:
REO - Bank owned
What's this?
Year Built: 1995
Price/sqft: $124
Lot Size:
Days on Market: More than 30 days
ZIP Code: 95361
Neighborhood:
Additional Info: Prior sale history, Assessor records
This property is an REO (Real Estate Owned). This is the final step in the foreclosure process. Ownership has reverted to the lender. This 1472 square foot property has 2 bedroom(s) and 2 bath(s). The estimated sale price is $182525. To access more extensive information on this property click the 'more...
Register at RealtyTrac for more details
The foreclosure process begins when a borrower/owner defaults on
loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a
property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright.
If the loan is not reinstated by the end of the
pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to
pay in cash at the auction and may not have much time to research the title and condition of the property
beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of
dealing directly with the borrower/owner.
If the lender takes ownership of the property, either through an agreement with the
owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to
recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and
repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction
property.
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Schultz Rd, Valley Home CA 95361
(Location is approximate)
Exact location unknown
| This home |
| Listing price: |
$182,525 |
|
| |
| Compared to Valley Home |
| Avg. listing price: |
|
|
| Avg. sales price: |
$240,985 |
-24% |
| Avg. price/sqft: |
$155 |
-20% |
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Got a question?
Recently asked on Trulia Voices...
Answered Mon Aug 18 2008, 15:35 by Karen in
Modesto
Answered a few hours ago by Edward J Zorn in
Corona
This Single-Family Home located at Schultz Road, Valley Home CA 95361 is currently for sale and has been on the market for 42 days. Schultz Rd is in the 95361 ZIP code in Valley Home, CA. This property is listed by RealtyTrac for $182,525. The average listing price for ZIP code 95361 is $449,725, which is higher than the list price for Schultz Rd. Schultz Rd has 2 beds, 2 baths, approximately 1,472 square feet, and was built in 1995.
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