I need to know if this home is close to forclosure,

Asked by Jaymie, Sacramento County, CA Sat Dec 13, 2008

This question is about this property: http://www.trulia.com/homes/California/Sacramento/sold/15992…

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Sue Archer R…, Agent, Palm Harbor, FL
Sun Dec 14, 2008
Public knowledge of any potential foreclosure is by way of the notice of default. At the end of 90 days, a notice trustee sale is published stating that in 21 days that the home will be sold on the auction steps. At any time during this process, the homeowner can elect to resolve this dispute with the bank by paying current or working out a loan modification agreement with their lender. Therefore the notices do not guarantee that the home will go to auction until the final day.

If you are the homeowner and wondering, based on not paying your mortgage, when the home will go into foreclosure, then you'll need to talk to your lender. Each lender has different policies, as to how soon they issue a notice of default on a property. And you will be the first to know, as the notice will be sent to you via mail, but many times posted on the door to your property as well.

I would suggest, if you are looking for a property, that you consider some of the others that are already listed.

Good luck!
Web Reference:  http://www.suearcher.com
0 votes
Ute Ferdig, Agent, Newcastle, CA
Sat Dec 13, 2008
Hi Jaymie. The beginning of the foreclosure process is a notice of default and as far as I can tell, there is no record of a notice of default for this property. Thus, it appears that this property is not close to foreclosure at this time. I have to ask, why are you asking? Are you interested in purchasing it or are you just curious?
0 votes
Jim Walker, Agent, Carmichael, CA
Sat Dec 13, 2008
The property is not currently listed on the MLS nor has it been recently listed. There is a house a few doors down from it for sale at $120K. Two recent sales on the street were at $145K and $186K. These were all about the same size as the house you inquired about.
0 votes
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