3 Beds   1 Bath   1,192 Sq. Ft.   Single-Family

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Perry Ave,
Saint Louis, MO 63121

Status: Inactive
Listing ID: 35622762

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Property Information

  • Bedrooms: 3
  • Bathrooms: 1
  • Living Area Size: 1,192
  • Total Rooms: 5
  • Lot Size: 0.13 acres
  • Levels: 1
  • Year Built: 1929
  • Source ID: 11222635
  • Days On Site: 2941
  • Estimated Value: $58,932
  • Assessed Value: $11,100
  • Parcel Number: 15H320272
  • Property Type: Single Family Dwelling
  • Plaintiff: GREAT SOUTHERN BANK
  • Defendant Name: WILLIAM J GLASGOW
  • Recording Date: 06-27-2012
  • Trustee Name: CENTRE TRUSTEE CORP
  • Trustee Address: 600 WASHINGTON AVE #15TH
  • Trustee City: SAINT LOUIS
  • Trustee State: MO
  • Trustee Zip: 63101
  • Trustee Phone: (913) 588-5000
  • Deed Category: LP
  • Document Number: 138

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.

    Loan Information

  • 1st Mortgage Date: 10-15-2010

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Listing History

Start Date End Date Listing Type Bank Name
08/27/19   Tax Lien
08/26/14 08/26/15 Tax Lien
08/26/13 08/26/13 Tax Lien


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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Saint Louis, MO
Home Inspectors

Clear Path Property Inspections, LLC
H. Tyler Mahley
314-324-5754
Morrissey Enterprises Inc. DBA Inspect-It 1st Prop
Michael G Morrissey
314-583-7654
John Hunt
3143246237
Sage Inspections, LLC
Norman Tyler
314-704-6834
Buyers Protection Group
John Donjon
800-285-3001
foreclosure.com

Perry Ave
Saint Louis, MO 63121

3 Beds   1 Bath   1,192 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 35622762

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Listing URL

https://www.foreclosure.com/listing/index.html?&listingid=35622762

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