$187,833 EMV


2 Beds   2 Baths   1,032 Sq. Ft.

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W Swann Ave Unit 1004,
Tampa, FL 33609

Status: Active
Listing ID: 52758010

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Bank Owned

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07/23/19
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.

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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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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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Tampa, FL
Home Inspectors

THOMSON Home Inspections, Inc.
David Thomson Jr.
813-417-9230
JM Home Inspections
Jorge M. Menendez
352-279-6261
RH & Associates
Richard Houghtalin
813-835-4003
Bay Area Home Inspections LLC
Shane Dollman
813-727-8827
Buyer's Choice Home Inspection
Michael Yeager
813-263-4753
foreclosure.com

W Swann Ave Unit 1004
Tampa, FL 33609

2 Beds   2 Baths   1,032 sq. ft.

$187,833 EMV

Status: Active Listing ID: 52758010

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=W-Swann-Ave-Unit-1004-Tampa-FL-33609/52758010_lid

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