$376,203 EMV


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Saint Michael Ln,
Bonita Springs, FL 34135

Status: Active
Listing ID: 54583944

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12/02/19
Notice of Default
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.

Property Information

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
12/02/19   Preforeclosure NATIONSTAR MORTGAGE LLC
12/02/19   Preforeclosure Nationstar Mortgage LLC


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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Bonita Springs, FL
Home Inspectors

Bell Home Inspection Services, LLC
David A. Bell
(239) 319-8764
Energy Design Home Inspections of SW Florida, LLC
John Sacchini
239-322-2067
foreclosure.com

Saint Michael Ln
Bonita Springs, FL 34135

$376,203 EMV

Status: Active Listing ID: 54583944

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Saint-Michael-Ln-Bonita-Springs-FL-34135/54583944_lid

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