This Single-Family is located at W Sheffield Dr, Bloomingdale, IL 60108. It has 4 Beds, 3 Baths , 2,497 sqft of living space. This property is currently in auction.
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Address: W Sheffield Dr Bloomingdale IL 60108
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|Start Date||End Date||Listing Type||Bank Name|
|11/25/19||Preforeclosure||NATIONSTAR MORTGAGE LLC|
|11/22/19||Preforeclosure||NATIONSTAR MORTGAGE LLC|
|04/23/19||08/20/19||Preforeclosure||NATIONSTAR MORTGAGE LLC|
|04/19/19||08/09/19||Preforeclosure||NATIONSTAR MORTGAGE LLC|
|07/09/14||09/11/14||Preforeclosure||NATIONSTAR MORTGAGE LLC|
|03/27/14||06/03/14||Preforeclosure||NATIONSTAR MORTGAGE LLC|
Steps as you search for your pre-foreclosure property:
Property owners and lenders are both in awkward positions when a loan goes into default. The property owner would like to avoid the foreclosure as it will have very negative consequences for his credit, and can severely limit his chances to obtain credit for a long time into the future. The lender knows it will probably be taking a loss because, if the property was worth the debt on it, the owner probably would have already sold it to avoid the foreclosure. Short sales are very common in pre-foreclosure situations and this leaves the door open for opportunities for you as the lucky real estate investor.