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W Blackcherry Ln,
Ingleside, IL 60041

Status: Inactive
Listing ID: 46298560

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Property Information

  • Days On Site: 2145
  • lien_holder_1: USA 6633133 152003
  • lien_holder_2: USA 6725052 36640
  • Sale Type: SHERIFF SALES
  • Latitude: 42.390095
  • Longitude: 88.110219
  • Parcel Number: 06 07 401 002 0000
  • District: 10
  • Property Type: Single Family Dwelling
  • Plaintiff: CITIFINANCIAL INC
  • Owner First Name: JOHN R
  • Owner Last Name: GARRETT
  • 2nd Owner First Name: JONELLA N
  • 2nd Owner Last Name: GARRETT
  • Case Number: 15CH414
  • Recording Date: 02-26-2015
  • Judgment Date: 06-15-2014
  • Judgment Value: $274,319
  • Input Date: 12-08-2015
  • Attorney Firm City: BURR RIDGE
  • Attorney Firm Address: 15W030 N FRONTAGE RD STE 100
  • Attorney Law Firm: CODILIS & ASSOCIATES PC
  • Attorney Firm Phone: (630) 794-5300
  • Attorney Firm State: IL
  • Attorney Firm Zip: 60527-6921
  • Deed Category: NFS
  • Document Number: 6269734

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.

Auction Information

  • Auction Date: 01-12-2016
  • Auction Time: 09:00 AM
  • Auction Location: 25 S MARTIN LUTHER KING JR AVE WAUKEGAN IL 60085

    Property Classification

  • Classification Id: Notice of Foreclosure Sale
  • Classification Desc: This notice announces the date, time and other details related to a proposed public foreclosure auction. Don't scour the local newspapers or waste time at the courthouse hunting down these sales when you can easily find the latest information.

    Loan Information

  • 1st Mortgage Date: 11-09-2007
  • 1st Mortgage Amount: $349,126
  • Mortgage Interest Rate: 1067
  • Mortgage Term: 15
  • Mortgage Type: CONVENTIONAL

    NEW Credit Information Center

  • Want to fix your credit before buying?: Learn how
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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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W Blackcherry Ln
Ingleside, IL 60041

Single-Family

 

Status: Inactive Listing ID: 46298560

Property Information

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Property Description

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