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E 120th St,
New York, NY 10035

Status: Inactive
Listing ID: 45437558

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Property Information

  • Year Built: 1997
  • Source ID: 15765286
  • Day(s) On Site: 1937
  • Defendant Name: SARAH SANDERS
  • Plaintiff: CAPITAL ONE NATIONAL ASSOCIATION
  • Recording Date: 09-23-2014
  • Deed Category: NOD
  • Document Number: 2014 / 850286
  •  

Public Records

  • No. of Stories: 3
  • Land Area Sqft: 1,800
  • Effective Year Built: 1997
  • Year Built: 1900
  • APN: 1796-0043
  • Property Type: Duplex, Triplex, Quadplex
  • Front Footage: 18
  • Depth Footage: 100

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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New York, NY
Home Inspectors

NY Code Consulting Inc.
Robert Brander
201-343-1765
Precision Inspections LLC
Kenneth Carr
646-247-1867
MTT Home Inspections
Michael Teofilo
646-235-4956
foreclosure.com

E 120th St
New York, NY 10035

 

Status: Inactive Listing ID: 45437558

Property Information

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Public Records

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Property Description

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Listing URL

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