2 Beds 2 Baths 1,051 Sq. Ft.

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New Post Dr Apt 7,
North Fort Myers, FL 33917

Name: New Post Dr Apt 7, North Fort Myers, Florida 33917 | Foreclosure.com
SKU: 52558489

Overview

This is located at New Post Dr Apt 7, North Fort Myers, FL 33917. It has 2 Beds, 2 Baths , 1,051 sqft of living space. This property is currently in pre-foreclosure
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Status: Inactive

Listing ID: 52558489

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Property Information

Bedrooms: 2
Bathrooms: 2
Living Area Size: 1,051
Year Built: 1974
Source ID: 20254804
Day(s) On Site: 225
Subdivision: FOXMOOR CONDO
Parcel Number: 36-43-24-20-0000C.0070
Defendant Name: GERALD SWICKHEIMER
Case Number: 19-CA-002979
Recording Date: 05-17-2019
Trustee Name: BILL MCFARLAND P A
Trustee Address: 2930 DEL PRADO BLVD S #A
Trustee City: CAPE CORAL
Trustee State: FL
Trustee Zip: 33904
Trustee Phone: (239) 549-5680
Deed Category: LP
Document Number: 2019000112189

Public Records

Bedrooms: 2
Baths: 2
Full Baths: 2
No. of Stories: 2
Parking: OPEN/UNASSIGNED SPACE(S)
Pool: YES
Land Area Sqft: 5,135
Year Built: 1974
APN: 36-43-24-20-0000C.0070
Property Type: Condominium
View: STREET
Living Sqft: 1,051
Subdivision: FOXMOOR CONDO

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: Lis Pendens
Classification Desc: 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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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.