I like to go over a case scenario on a house that has been or is in the final stages of getting foreclosed in Sacramento, California. The homeowner has not made a mortgage loan payment in quite some time. Therefore, the house is under the receivership-temporary ownership of the lender, which is often referred to as REO. It is a bank owned property and the bank is responsible to get the most and highest priced offer for the property. The home is located in 2663 LA VIA WAY, Sacramento, CA 95825. The bank has hired a real estate broker and/or California DRE expert to prepare a comprehensive report of the subject property. The Repart was prepare on May 26, 2025. The house needs to be sold to the highest bidder. The exterior and interior condition of the subject property is not fully known nor can it be warranteed by the seller, or in this particular case, the note holder which is the bank. The current homeowner who defaulted on the mortgage is currently living on the subject property and the potential buyer of the property should not expect cooperation as of the condition and answers to questions they may have. I have attached GCA Forums Best Mortgage Calculator to figure and calculate the monthly housing payment versus the rental income and what the minimum monthly lease needs to be charged with a potential tenant in order to be profitable as a real estate investor unless the homebuyer is planning on living on the house as a primary owner-occupant home. Any feedback from real estate experts in the Sacramento, California area who are members of Grat Content Authority Forums would be greatly appreciarted. Here is the link to Gustan Cho Associates Best Mortgage Calculator:

https://gustancho.com/best-mortgage-calculator/

gustancho.com

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