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Bay Harbor Dr,
Louisville, KY 40228

Status: Inactive
Listing ID: 52482480

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Property Information

  • Days On Site: 499
  • Plaintiff: PNC BANK
  • 2nd Plaintiff: PNC MORTGAGE
  • Defendant Name: THERESA B BAGAN
  • Case Number: 2019CI400642
  • Recording Date: 05-13-2019
  • Deed Category: NOD
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Public Records

  • Land Area Sqft: 5,887,241
  • APN: 353800500000
  • Property Type: Condominium
  • Front Footage: 8,257
  • Depth Footage: 713
  •  

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: 10-02-2003
  • 1st Mortgage Amount: $131,650
  • 2nd Mortage Date: 06-16-2015
  • 2nd Mortage Amount: $101,565

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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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Louisville, KY
Home Inspectors

ProChek Home Inspections, LLC
Darryl Willoughby
502-802-6336
Greg Jones Home Inspections & Associates, LLC
Greg Jones
502-429-9379
Elite Home Inspections, LLC
Allan K. Davis
502-648-9294
Great Scott Home Inspection, LLC
David L Scott
502-423-7789
HayStack Inspection Services
Eric Hay
502-528-9255
foreclosure.com

Bay Harbor Dr
Louisville, KY 40228

 

Status: Inactive Listing ID: 52482480

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/index.html?st=KY&cno=111&listingid=52482480

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