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W Ohio St Apt 2304,
Chicago, IL 60654

Status: Inactive
Listing ID: 54987762

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Property Information

  • Source ID: 20739439
  • Days On Site: 346
  • Parcel Number: 17-09-236-030-1087
  • Defendant Name: SARAH S KATZ
  • Case Number: 19 CH 14595
  • Recording Date: 12-31-2019
  • Trustee Name: ANSELMO LINDBERG AND ASSOCIATES LLC
  • Trustee Address: 1771 W DIEHL RD SUITE 120
  • Trustee City: NAPERVILLE
  • Trustee State: IL
  • Trustee Zip: 60563
  • Trustee Phone: (630) 453-6960
  • Deed Category: NOD
  • Document Number: 1936545008
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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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Listing History

Start Date End Date Listing Type Bank Name
12/18/19 10/13/20 Preforeclosure Loancare LLC


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

JRW Property Inspection and Consulting LLC
Jerry Woznyj
773-851-9627
foreclosure.com

W Ohio St Apt 2304
Chicago, IL 60654

 

Status: Inactive Listing ID: 54987762

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Property Description

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Listing URL

https://www.foreclosure.com/listing/index.html?&listingid=54987762

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