$248,880 EMV


2 Beds   1 Bath   728 Sq. Ft.   Townhome

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Latona St,
Philadelphia, PA 19147

Status: Active
Listing ID: 53171545

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09/30/19
Lis Pendens
If a homeowner misses one or more mortgage payments in states that follow judicial foreclosure actions a lender will file this formal notice with the local courthouse. The term is also used to describe mortgage-related complaints, which allow third parties to know that there is a pending legal action that affects the property. Approaching a homeowner at this stage of default represents a tremendous opportunity to make money in the real estate market because he or she is motivated to sell before potentially losing the house to foreclosure. It is important to do your research to determine what type of litigation the lis pendens relates to before approaching a property owner. A lis pendens is also filed when there is some other legal claim being made against a particular property, such as lien claims by contractors, divorce cases, and fines and penalties assessed by homeowner associations.

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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.

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Listing History

Start Date End Date Listing Type Bank Name
10/31/13 07/28/14 Bankruptcy


First Steps to Buying a Preforeclosure

Often, the preforeclosure period is the best time to purchase a property.

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Philadelphia, PA
Home Inspectors

Daniel Morson
267-453-2877
FM Homecheck, Inc.
Francis M McGovern, Jr. Jr.
215-333-9075
Home Inspection Professional, LLC
Azmat Masih
610-633-4845
Inspection Professionals
Jason Whitt
215-908-9967
ValueGuard Home Inspections
Michael D Bluestein
610-642-5500
foreclosure.com

Latona St
Philadelphia, PA 19147

2 Beds   1 Bath   728 sq. ft.   Townhome

$248,880 EMV

Status: Active Listing ID: 53171545

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Latona-St-Philadelphia-PA-19147/53171545_lid

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