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12th St Ne Unit 416
Atlanta, GA 30309

Status: Inactive
Listing ID: 57926528

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Property Information

  • Source ID: 21519478
  • Day(s) On Site: 42
  • Plaintiff: MATRIX FINANCIAL SERVICES CORPORATION
  • Defendant Name: VERNON R WEST
  • Recording Book: 58655
  • Trustee Name: PADGETT LAW GROUP
  • Trustee City: TALLAHASSEE
  • Trustee Address: 6267 OLD WATER OAK ROAD SUITE 203
  • Trustee State: FL
  • Trustee Zip: 32312
  • Trustee Phone: (850) 422-2520
  • Deed Category: NTS

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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: 06-07-2022
  • Auction Address: 136 PRYOR ST SW
  • Auction City: ATLANTA
  • Auction Zip: 30303

    Loan Information

  • 1st Mortgage Date: 04-02-2018

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Atlanta, GA
Home Inspectors
SafeHarbor Inspection Group
Jeff Kinton
678-723-1218
Safe & Sound Home Inspections
Tyrus Parrish
678-777-8346
New Haven home Inspection
Matthew King
404-452-3274
Mike Monahan Home Inspections, Inc.
Michael Monahan
404-313-1960
Marion Hodges Home Inspection Services
Marion Hodges
770-572-2808
Homes On This Street
View more homes on 12th St Ne Unit 416
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12th St Ne Unit 416
Atlanta, GA 30309

 

Status: Inactive Listing ID: 57926528

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=12th-St-Ne-Unit-416-Atlanta-GA-30309/57926528_lid

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