3 Beds   2 Baths   1,191 Sq. Ft.   Condo

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West Ave Apt 3108,
Miami Beach, FL 33139

Status: Inactive
Listing ID: 52907231

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,191
  • Lot Size: 0.00 acres
  • Year Built: 1997
  • Source ID: 160465982
  • Days On Site: 429
  • Parcel Number: 0242040142230
  • Property Type: Condo
  • Plaintiff: U S Bank Natl Assn
  • Defendant Name: Michael Fabbiani
  • Case Number: 2016007961CA01
  • Recording Date: 06-10-2019
  • Document Book: 23025
  • Document Page: 4268
  • Trustee Name: Lamchick Law Group Pa
  • Trustee Address: 9350 S Dixie Hwy
  • Trustee City: Miami
  • Trustee State: FL
  • Trustee Zip: 33156
  • Trustee Phone: (305) 670-4455
  • Deed Category: NFS
  • Mortgage Balance: $529,750
  • Document Number: 2019R358650

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: 10-07-2019
  • Auction Time: 10:00 AM
  • Auction Address: Https://www.miamidade.realforeclose.com/

    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.

    AVM Analysis

  • Valuation Estimate: $782,000
  • Disclaimer: This AVM value is not an appraisal, it is based on previous sales in the area.

    Loan Information

  • 1st Mortgage Date: 01-14-2005
  • Mortgage Balance: $529,750

    NEW Credit Information Center

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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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West Ave Apt 3108
Miami Beach, FL 33139

3 Beds   2 Baths   1,191 sq. ft.   Condo

 

Status: Inactive Listing ID: 52907231

Property Information

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Property Description

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Listing URL

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