Single-Family

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Normandy Ln,
Barrington, IL 60010

Status: Inactive
Listing ID: 6891228

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Property Information

  • Property Description: SINGLE FAMILY RESIDENCE
  • Day(s) On Site: 4600
  • Comments: LOT 109 IN RIVERWALK PHASE 3 BEING A SUBDIVISION OF PART OF THE WEST 1/2 OF SECTION
  • Sale Type: FORECLOSURE
  • Property Type: Single Family Dwelling
  • Plaintiff: AMERICAN EAGLE BANK
  • Owner First Name: ADRIAN C
  • Owner Last Name: BASTEA
  • 2nd Owner First Name: FLOARE
  • 2nd Owner Last Name: BASTEA
  • Case Number: 07CH1505
  • Recording Date: 06-12-2007
  • Judgment Date: 05-01-2007
  • Judgment Value: $2,684
  • Input Date: 06-15-2007
  • Attorney Firm Address: 221 N LASALLE ST 32ND FL
  • Attorney Firm City: CHICAGO
  • Attorney Law Firm: STONE POGRUND KOREY & SPAGAT
  • Attorney Firm Phone: (312) 782-3636
  • Attorney Firm State: IL
  • Attorney Firm Zip: 60601
  • Deed Category: NOD
  • Document Number: 5503822
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Public Records

  • APN: 15-32-428-014
  • Property Type: Vacant
  • Township: NUNDA TOWNSHIP
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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.

    Loan Information

  • 1st Mortgage Date: 02-04-2004
  • 1st Mortgage Amount: $40,000
  • Mortgage Term: 5
  • Mortgage Type: CONVENTIONAL

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Listing History

Start Date End Date Listing Type Bank Name
11/01/19   Preforeclosure
10/31/11 10/30/14 Tax Lien


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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Barrington, IL
Home Inspectors

Moraine Woods Consulting, Inc.
Eric Barker
847-408-7238
Inspect Inc.
Michael Doetsch
847-381-7210
foreclosure.com

Normandy Ln
Barrington, IL 60010

Single-Family

 

Status: Inactive Listing ID: 6891228

Property Information

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Public Records

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Property Description

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Listing URL

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