$323,489 EMV


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Fallen Timbers Dr,
West Chester, OH 45069

Status: Inactive
Listing ID: 52863454

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Property Information

  • Source ID: 20406965
  • Days On Site: 190
  • Plaintiff: US BANK NATIONAL ASSOCIATION
  • Defendant Name: KEVIN E PROWS
  • Case Number: CV 2019 07 1498
  • Recording Date: 07-29-2019
  • Deed Category: NOD

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.

    Property Classification

  • Classification Id: Notice of Default
  • Classification Desc: Considered the first phase of the foreclosure process, a homeowner will receive this notice if he or she misses one or more mortgage payments in states that follow non-judicial foreclosure actions. This represents a great opportunity to purchase a home at a significantly reduced price before it is repossessed by a lender.

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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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West Chester, OH
Home Inspectors

Robert Brand
513-617-3698
Kreps Home Inspection, LLC DBA HouseMaster
Daniel E Kreps
513-774-7203
foreclosure.com

Fallen Timbers Dr
West Chester, OH 45069

$323,489 EMV

Status: Inactive Listing ID: 52863454

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Fallen-Timbers-Dr-West-Chester-OH-45069/52863454_lid

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