Single-Family

12848 S Eggleston Ave,

Chicago, IL 60628

Status: Inactive
Listing ID: 35780516

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Property Information

  • lien_holder_1: CITIBANK NA 99880956 25000
  • lien_holder_2: UNITED CREDIT UNION 0402318120 6089
  • lien_holder_3: UNITED STATES OF AMERICA 0622043059 7022
  • Sale Type: KALLEN FINANCIAL
  • Latitude: 41.65966
  • Longitude: 87.63297
  • Parcel Number: 25 33 116 080 0000
  • District: 2
  • Property Type: Single Family Dwelling
  • Plaintiff: MIDFIRST BANK
  • Owner First Name: DELVANO L
  • Owner Last Name: JONES
  • 2nd Owner First Name: JEAN Y
  • 2nd Owner Last Name: OVERTON
  • Case Number: 09CH0025988
  • Recording Date: 07-29-2009
  • Judgment Date: 11-01-2008
  • Judgment Value: $48,539
  • Input Date: 07-26-2012
  • Attorney Firm Address: 4201 LAKE COOK RD FL 1
  • Attorney Firm City: NORTHBROOK
  • Attorney Law Firm: FISHER & SHAPIRO LLC
  • Attorney Firm Phone: (847) 291-1717
  • Attorney Firm State: IL
  • Attorney Firm Zip: 60062-1060
  • Deed Category: NFS
  • Document Number: 26921466

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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: 08-06-2012
  • Auction Time: 12:30 PM
  • Auction Location: 205 W RANDOLPH ST STE 1020 CHICAGO 60606

    Loan Information

  • 1st Mortgage Date: 01-05-1984
  • 1st Mortgage Amount: $41,100
  • Mortgage Interest Rate: 1214
  • Mortgage Term: 30
  • Mortgage Type: CONVENTIONAL

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S Eggleston Ave
Chicago, IL 60628

Single-Family

 

Status: Inactive Listing ID: 35780516

Property Information

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Property Description

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Listing URL

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