3 Beds   1 Bath

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N 53rd St
Milwaukee, WI 53216

Status: Inactive
Listing ID: 26212830

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Year Built: 1949
  • Subdivision: GRASSLYN MANOR
  • Parcel Number: 266-0070-000-5
  • Owner First Name: MARY
  • Owner Last Name: COLEMAN
  • Recording Date: 07-08-2011
  • Deed Category: NOD
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Public Records

  • Bedrooms: 3
  • Baths: 1
  • Full Baths: 1
  • Rooms: 5
  • No. of Stories: 1
  • Parking: DETACHED GARAGE
  • Air Conditioning: CENTRAL & UNIT
  • Exterior Wall Type: BRICK
  • Land Area Sqft: 4,920
  • Year Built: 1949
  • APN: 266-0070-000-5
  • Property Type: Single Family Residence
  • Township: CITY OF MILWAUKEE
  • Garage: DETACHED
  • Subdivision: GRASSLYN MANOR
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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.

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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    Loan Information

  • Lender Name: BAC HOME LOANS SERVICING LP
  • 1st Mortgage Amount: $122,760

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Milwaukee, WI
Home Inspectors

Wisconsin Property Inspections
Eric Pitt
262-818-1460
Wisconsin Property Inspections
Anton Gnadt
262-818-1410
foreclosure.com

N 53rd St
Milwaukee, WI 53216

3 Beds   1 Bath

 

Status: Inactive Listing ID: 26212830

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/index.html?&listingid=26212830

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