2 Beds   2 Baths   1,212 Sq. Ft.   Condo

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Sutton Park Dr N Apt 1127,
Jacksonville, FL 32224

Status: Inactive
Listing ID: 41940309

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Property Information

  • Bedrooms: 2
  • Bathrooms: 2
  • Living Area Size: 1,212
  • Year Built: 2002
  • Source ID: 14210010
  • Day(s) On Site: 2246
  • Estimated Value: $64,654
  • Assessed Value: $41,000
  • Parcel Number: 1677342405
  • Property Type: Condo
  • Plaintiff: GRAND RESERVE CONDOMINIUM ASSOCIATION INC
  • Defendant Name: FLANAGAN JAMES J
  • Case Number: 2013CA010241
  • Recording Date: 11-21-2013
  • Last Sale Amount: $177,500
  • Last Sale Date: 09-09-2005
  • Document Book: 16604
  • Document Page: 788
  • Trustee Name: JIMERSON AND COBB P A
  • Trustee Address: 701 RIVERSIDE PARK PLACE SUITE 302
  • Trustee City: JACKSONVILLE
  • Trustee State: FL
  • Trustee Zip: 32204
  • Trustee Phone: (904) 389-0050
  • Deed Category: NOD
  • Document Number: 2013297890

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: Notice of Default
  • Classification Desc: 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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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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Jacksonville, FL
Home Inspectors

Pro-Tec Certified Home Inspection
Bruce Voigt
904-683-1235
AmeriSpec of Northeast Florida, Inc.
Charles Gifford
904-448-5016
LunsPro Home Inspections
Mark Pennington
904-703-2819
AmeriSpec of NE Florida
Joseph Y. Shyken
904-448-5016
Pillar to Post
Jack Zaczek
904-592-7414
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Sutton Park Dr N Apt 1127
Jacksonville, FL 32224

2 Beds   2 Baths   1,212 sq. ft.   Condo

 

Status: Inactive Listing ID: 41940309

Property Information

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Property Description

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Listing URL

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