5 Beds   2 Baths   1,920 Sq. Ft.

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Shepherd Ave,
Brooklyn, NY 11208

Status: Inactive
Listing ID: 52340288

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Property Information

  • Bedrooms: 5
  • Bathrooms: 2
  • Living Area Size: 1,920
  • Lot Size: 0.04 acres
  • Levels: 2
  • Year Built: 1930
  • Source ID: 20128064
  • Days On Site: 486
  • Assessed Value: $7,239
  • Parcel Number: 04036-0034
  • Plaintiff: CALVIN ROBINSON
  • Case Number: 506406/2016
  • Recording Date: 02-13-2019
  • Trustee Address: 26 COURT ST STE 2810
  • Trustee Name: ANGELYN JOHNSON AND ASSOCIATION LLC
  • Trustee City: BROOKLYN
  • Trustee State: NY
  • Trustee Zip: 11242
  • Trustee Phone: (718) 875-2145
  • Deed Category: LP
  •  

Public Records

  • No. of Stories: 2
  • Land Area Sqft: 1,900
  • APN: 04036-0034
  • Property Type: Duplex, Triplex, Quadplex
  • Township: EAST NEW YORK
  • Front Footage: 20
  • Depth Footage: 95
  •  

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: Lis Pendens
  • Classification Desc: If a homeowner misses one or more mortgage payments in states that follow judicial foreclosure actions a lender will file this formal notice with the local courthouse. The term is also used to describe mortgage-related complaints, which allow third parties to know that there is a pending legal action that affects the property. Approaching a homeowner at this stage of default represents a tremendous opportunity to make money in the real estate market because he or she is motivated to sell before potentially losing the house to foreclosure. It is important to do your research to determine what type of litigation the lis pendens relates to before approaching a property owner. A lis pendens is also filed when there is some other legal claim being made against a particular property, such as lien claims by contractors, divorce cases, and fines and penalties assessed by homeowner associations.

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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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Brooklyn, NY
Home Inspectors

A Federal Home & Building Inspections
Michael Baglivo
718-259-8894
Albert Consulting Engineering Services (ACES)
Charleston Colin Albert
718-622-4664
Pillar To Post
Elton Andrews
917-847-0449
Stellar Inspection Service, LLC
George Hansen
718-435-4031
OK1 Home Inspection, LLC
Ray C Allen
646-651-5839
foreclosure.com

Shepherd Ave
Brooklyn, NY 11208

5 Beds   2 Baths   1,920 sq. ft.

 

Status: Inactive Listing ID: 52340288

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=NY&cno=047&listingid=52340288

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