Single-Family

216 Frazier St, River Rouge, MI 48218

Status: Inactive
Listing ID: 33502553

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Homes near 216 Frazier St in River Rouge, Michigan


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Property Information

  • Lot Size: 0.07 acres
  • Source ID: 10317191
  • Estimated Value: $25,235
  • Day(s) On Site: 3587
  • Assessed Value: $21,200
  • Parcel Number: 50008140053000
  • Property Type: Single Family Dwelling
  • Defendant Name: TIARI BRIDGES
  • Plaintiff: MORTGAGE ELECTRONIC REGISTRATION SYSTEMS
  • Last Sale Amount: $3,223
  • Last Sale Date: 03-28-2007
  • Recording Book: 45809
  • Trustee Name: TROTT AND TROTT PC
  • Trustee Address: 31440 NORTHWESTERN HIGHWAYSUITE 200
  • Trustee City: FARMINGTON HILLS
  • Trustee State: MI
  • Trustee Zip: 48334
  • Trustee Phone: (248) 642-2515
  • Trustee Reference Number: 396049F01
  • Deed Category: NFS
  • Mortgage Balance: $77,860
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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: 04-12-2012
  • Auction Time: 01:00 PM
  • Auction Address: THE CIRCUIT COURT WITHIN WAYNE COUNTY

    Loan Information

  • 1st Mortgage Date: 01-04-2007
  • Mortgage Balance: $77,860

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Listing History

Start Date End Date Listing Type Bank Name
03/13/12 04/12/12 Preforeclosure Mortgage Electronic Registr...

Homes On This Street
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Frazier St
River Rouge, MI 48218

Single-Family

 

Status: Inactive Listing ID: 33502553

Property Information

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Property Description

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Listing URL

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