1027 Lakeview Ave, Washington Court House, OH 43160

Status: Inactive
Listing ID: 15797342

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Property Information

  • Comments: The property must bring at least two-thirds (2/3) of the appraised value or the property cannot be sold. The property subject to the Sheriff Sale still belongs to the original owner even though the order of sale has been issued from the court. If you purchase a property at Sheriff's Sale, and have a ten percent deposit down, the property still belongs to the original owner until the Common Pleas Judge has signed the confirmation of sale order. This process can take at least 30 to 90 days or more.
  • Day(s) On Site: 4715
  • Appraised Value: $51,700
  • Plaintiff: The Huntington National Bank
  • Defendant Name: Bradshaw, Don R., et al
  • Case Number: 07CVE00252
  • Attorney Name: Brian L. Bly
  • Attorney Phone: (216) 360-7200
  • Deed Category: NFS
  •  

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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.

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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Auction Information

  • Auction Date: 04-24-2009
  • Auction Time: 10:00 AM
  • Auction Location: Fayette County Court House, 110 E. Court St., Washington C.H., Ohio on the second floor in the hallway beside Probate - Juvenile Court

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Listing History

Start Date End Date Listing Type Bank Name
08/29/08 11/14/08 Preforeclosure The Huntington National Bank

Homes On This Street
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Lakeview Ave
Washington Court House, OH 43160

 

Status: Inactive Listing ID: 15797342

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Listing URL

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