1 Bath   1,176 Sq. Ft.   Single-Family

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S Rhodes Ave,
Chicago, IL 60628

Status: Inactive
Listing ID: 47225473

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,176
  • Year Built: 1944
  • Days On Site: 1849
  • Comments: SEE FILE FOR ADDL LIENHOLDER
  • lien_holder_1: CITIFINANCIAL SERVICES INC 0834439066 4259
  • lien_holder_2: STATE OF ILLINOIS 0910426212 1000
  • lien_holder_3: GMAC MORTGAGE CORP 0927344007 13422
  • Sale Type: FORECLOSURE
  • Parcel Number: 25 15 204 003 0000
  • Subdivision: FREDERICK H BARTLETTS GREATER
  • Property Type: Single Family Dwelling
  • Plaintiff: BANK OF AMERICA
  • Owner First Name: ROBERT LEE
  • Owner Last Name: PHILLIPS SR
  • Case Number: 15CH0012863
  • Recording Date: 08-27-2015
  • Judgment Date: 08-26-2015
  • Judgment Value: $93,842
  • Input Date: 09-02-2015
  • Attorney Firm Address: PO BOX 740
  • Attorney Firm City: DECATUR
  • Attorney Firm Phone: (217) 422-1719
  • Attorney Law Firm: HEAVNER BEYERS & MIHLAR LLC
  • Attorney Firm State: IL
  • Attorney Firm Zip: 62525-0740
  • Deed Category: NOD
  • Document Number: 99054103

Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 2
  • Parking: ATTACHED GARAGE
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 3,750
  • Year Built: 1944
  • APN: 25-15-204-003-0000
  • Property Type: Single Family Residence
  • Living Sqft: 1,176
  • Basement Finish Type: UNFINISHED
  • Garage: ATTACHED
  • Style: OLD
  •  
  • Subdivision: FREDERICK H BARTLETTS GREATER

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: 10-22-1998
  • 1st Mortgage Amount: $93,916
  • Mortgage Interest Rate: 700
  • Mortgage Term: 30
  • Mortgage Type: CONVENTIONAL

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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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Chicago, IL
Home Inspectors

Engle Home Inspections
Karl D. Engle
312-383-8541
SK8 Home Inspection Services
Joe Richmond
773-960-8893
Jez Home Services
Asmir Zenkic
773-653-3383
True Blue Home Inspections, Inc.
James Clark
3129250166
The House Doctors Property Inspections
Chuck Walton Jr.
312-504-2200
foreclosure.com

S Rhodes Ave
Chicago, IL 60628

1 Bath   1,176 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 47225473

Property Information

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Public Records

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Property Description

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Listing URL

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