1,700 Sq. Ft.   Condo

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N Wells St # 2,
Chicago, IL 60654

Status: Inactive
Listing ID: 55166059

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Property Information

  • Living Area Size: 1,700
  • Lot Size: 0.00 acres
  • Year Built: 1881
  • Source ID: 174839250
  • Days On Site: 233
  • Parcel Number: 17092030261002
  • Property Type: Condo
  • Plaintiff: Bridgeview Bank Group
  • Defendant Name: CELESTE SUITES LLC
  • Case Number: 18CH0013401
  • Recording Date: 10-06-2020
  • Trustee Address: 2 N La Salle St
  • Trustee Name: GREIMAN ROME & GRIESMEYER LLC
  • Trustee City: Chicago
  • Trustee State: IL
  • Trustee Zip: 60602
  • Trustee Phone: (312) 428-2750
  • Deed Category: NFS
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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.

Auction Information

  • Auction Date: 10-15-2020
  • Auction Time: 1:00 AM
  • Auction Address: Daley Center Room 701
  • Auction City: Chicago

    Property Classification

  • Classification Id: Notice of Foreclosure Sale
  • Classification Desc: This notice announces the date, time and other details related to a proposed public foreclosure auction. Don't scour the local newspapers or waste time at the courthouse hunting down these sales when you can easily find the latest information.

    Loan Information

  • 1st Mortgage Date: 01-30-2015

    NEW Credit Information Center

  • Want to fix your credit before buying?: Learn how
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Listing History

Start Date End Date Listing Type Bank Name
06/11/20 07/23/20 Preforeclosure BRIDGEVIEW BANK GROUP


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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Chicago, IL
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N Wells St # 2
Chicago, IL 60654

1,700 sq. ft.   Condo

 

Status: Inactive Listing ID: 55166059

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=N-Wells-St---2-Chicago-IL-60654/55166059_lid

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