2.5 Baths   1,469 Sq. Ft.   Single-Family

300 Devon Ave, Park Ridge, IL 60068

Status: Inactive
Listing ID: 46126553

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Property Information

  • Bathrooms: 2.5
  • Living Area Size: 1,469
  • Year Built: 1962
  • Day(s) On Site: 2664
  • Sale Type: FORECLOSURE
  • Subdivision: PARK MANOR
  • Parcel Number: 09 35 420 024 0000
  • Property Type: Single Family Dwelling
  • Plaintiff: JP MORGAN CHASE BANK
  • Owner First Name: JOE O
  • Owner Last Name: OLAN
  • Case Number: 15CH001365
  • Recording Date: 01-27-2015
  • Judgment Date: 01-26-2015
  • Judgment Value: $356,696
  • Input Date: 01-30-2015
  • Attorney Law Firm: HEAVNER SCOTT BEYERS & MIHLAR
  • Attorney Firm Phone: (217) 422-1719
  • Deed Category: NOD
  • Document Number: 0424645089
  •  

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Public Records

  • Baths: 2.5
  • Full Baths: 2
  • Half Baths: 1
  • No. of Stories: MULTI-LEVEL
  • Parking: ATTACHED GARAGE
  • Air Conditioning: CENTRAL
  • Fireplaces: YES
  • Exterior Wall Type: FRAME/MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 8,275
  • Year Built: 1962
  • APN: 09-35-420-024-0000
  • Property Type: Single Family Residence
  • Living Sqft: 1,469
  • Basement Finish Type: RECREATION ROOM
  • Garage: ATTACHED
  • Style: SPLIT LEVEL
  • Subdivision: PARK MANOR

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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    Loan Information

  • 1st Mortgage Date: 08-31-2004
  • 1st Mortgage Amount: $370,000
  • Mortgage Type: ARM

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Listing History

Start Date End Date Listing Type Bank Name
06/10/14 03/07/15 Bankruptcy
01/18/11 11/14/11 Preforeclosure JP MORGAN CHASE BANK
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Devon Ave
Park Ridge, IL 60068

2.5 Baths   1,469 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 46126553

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=300-Devon-Ave-Park-Ridge-IL-60068

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