1 Bath   979 Sq. Ft.   Single-Family

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Smith St,
Merrick, NY 11566

Status: Inactive
Listing ID: 44501469

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Property Information

  • Bathrooms: 1
  • Living Area Size: 979
  • Total Rooms: 5
  • Lot Size: 0.12 acres
  • Levels: 2
  • Air Conditioning: Central
  • Year Built: 1930
  • Source ID: 15379498
  • Days On Site: 2342
  • Estimated Value: $276,508
  • Assessed Value: $661
  • Parcel Number: 55109 06490
  • Property Type: Single Family Dwelling
  • Plaintiff: WELLS FARGO BANK
  • Defendant Name: JOHN MC CANN
  • Recording Date: 06-04-2014
  • Trustee Name: LEOPOLD AND ASSOCIATES
  • Trustee Address: 80 BUSINESS PARK DR
  • Trustee City: ARMONK
  • Trustee State: NY
  • Trustee Zip: 10504
  • Trustee Phone: (914) 219-5787
  • Deed Category: NOD
  • Document Number: 14-005535

Public Records

  • Baths: 1
  • Full Baths: 1
  • Rooms: 5
  • No. of Stories: 1
  • Parking: FRAME/CONCRETE BLOCK GARAGE
  • Parking Sqft: 216
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: ALUMINUM/VINYL
  • Heating Type: CENTRAL
  • Land Area Sqft: 5,149
  • Year Built: 1930
  • APN: 55-109---0649-0
  • Property Type: Single Family Residence
  • Township: TOWN OF HEMPSTEAD
  • Front Footage: 50
  • Depth Footage: 104
  • Living Sqft: 979
  • Garage: FRAME/CONCRETE BLOCK
  • Style: OLD
  • Sewer Type: PUBLIC
  • Water Type: PUBLIC

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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Merrick, NY
Home Inspectors

World Inspection Network Merrick
Steven Enella
516-221-2023
foreclosure.com

Smith St
Merrick, NY 11566

1 Bath   979 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 44501469

Property Information

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Public Records

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Property Description

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Listing URL

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