1 Bath   1,044 Sq. Ft.   Single-Family

12802 Garfield, Redford, MI 48239

Status: Inactive
Listing ID: 29868310

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,044
  • Total Rooms: 5
  • Lot Size: 0.16 acres
  • Levels: 1
  • Year Built: 1954
  • Source ID: 8403023
  • Estimated Value: $43,163
  • Day(s) On Site: 3802
  • Improvement Value: $37,600
  • Subdivision: CASTLEFORD 01
  • Assessed Value: $51,000
  • Land Value: $13,400
  • Parcel Number: 79-033-03-1354-002
  • Property Type: Single Family Dwelling
  • Plaintiff: WELLS FARGO BANK
  • Defendant Name: JAMES CAREY
  • Last Sale Amount: $125,000
  • Last Sale Date: 05-29-2003
  • Trustee Name: ORLANS ASSOCIATES PC
  • Trustee Address: 1650 W BIG BEAVER RD
  • Trustee City: TROY
  • Trustee State: MI
  • Trustee Zip: 48084
  • Trustee Phone: (248) 502-1400
  • Trustee Reference Number: 326.4932
  • Deed Category: NFS
  • Mortgage Balance: $132,090

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Public Records

  • Baths: 1
  • Full Baths: 1
  • Rooms: 5
  • No. of Stories: 1
  • Exterior Wall Type: ADOBE BLOCK
  • Land Area Sqft: 6,969
  • Year Built: 1954
  • APN: 79-033-03-1354-002
  • Property Type: Single Family Residence
  • Township: REDFORD TWP
  • Living Sqft: 1,044
  • Basement Finish Type: UNFINISHED
  • Garage: YES
  • Subdivision: CASTLEFORD 01

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: 09-15-2011
  • Auction Time: 01:00 PM
  • Auction Address: THE CIRCUIT COURT WITHIN WAYNE COUNTY

    Loan Information

  • Mortgage Balance: $132,090

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Listing History

Start Date End Date Listing Type Bank Name
05/04/16 05/12/16 Short Sale
07/25/11 09/15/11 Preforeclosure First Class Financial Corpo...

Homes On This Street
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Garfield
Redford, MI 48239

1 Bath   1,044 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 29868310

Property Information

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Public Records

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Property Description

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Listing URL

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