Single-Family

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Baywood Ln,
Bayport, NY 11705

Status: Inactive
Listing ID: 45472682

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Property Information

  • Lot Size: 0.45 acres
  • Source ID: 15780775
  • Day(s) On Site: 1930
  • Estimated Value: $463,975
  • Assessed Value: $48,700
  • Parcel Number: 0500384000100005000
  • Property Type: Single Family Dwelling
  • Defendant Name: COMMISSO DONNA
  • Case Number: 14-64934
  • Recording Date: 06-27-2014
  • Trustee Name: ROSICKI ROSICKI AND ASSOCIATES PC
  • Trustee Address: 51 E BETHPAGE ROAD
  • Trustee City: PLAINVIEW
  • Trustee State: NY
  • Trustee Zip: 11803
  • Trustee Phone: (516) 741-2585
  • Deed Category: NOD

Public Records

  • Land Area Sqft: 19,994
  • APN: 893.84-00.01-000.050-00
  • Property Type: Single Family Residence
  • Township: ISLIP TOWN
  • Front Footage: 100
  • Depth Footage: 200

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.

    Loan Information

  • 1st Mortgage Date: 06-24-2003

    NEW Credit Information Center

  • Want to fix your credit before buying?: Learn how
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Listing History

Start Date End Date Listing Type Bank Name
06/18/19   Preforeclosure STERLING NATIONAL BANK
06/27/14 02/22/15 Preforeclosure FNMA


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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Baywood Ln
Bayport, NY 11705

Single-Family

 

Status: Inactive Listing ID: 45472682

Property Information

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Public Records

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Property Description

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Listing URL

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