![]() Short sales are very common in pre-foreclosure situations and this leaves the door open for opportunities for you as the lucky real estate investor. The Rent Zestimate for this home is 2,394/mo, which has decreased by 15/mo in the last 30 days. The Zestimate for this house is 470,800, which has increased by 1,357 in the last 30 days. ![]() The lender knows it will probably be taking a loss because, if the property was worth the debt on it, the owner probably would have already sold it to avoid the foreclosure. 2050 Cherrytree Dr, Perris, CA is a single family home that contains 1,356 sq ft and was built in 1988. The property owner would like to avoid the foreclosure as it will have very negative consequences for his credit, and can severely limit his chances to obtain credit for a long time into the future. Property owners and lenders are both in awkward positions when a loan goes into default. If your offer is less than the amount of the debt on the property, ask the owner to present your offer to his lender.
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