1 Bath   1,065 Sq. Ft.   Single-Family

328 Frazier St, River Rouge, MI 48218

Status: Inactive
Listing ID: 47224583

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,065
  • Lot Size: 0.1 acres
  • Levels: 2
  • Year Built: 1944
  • Source ID: 16888899
  • Day(s) On Site: 2339
  • Subdivision: BURKE BROS
  • Assessed Value: $26,200
  • Parcel Number: 50008160073002
  • Property Type: Single Family Dwelling
  • Defendant Name: MICHELLE SLOAN
  • Plaintiff: BANK OF NEW YORK MELLON TRUST COMPANY
  • Recording Book: 41825
  • Trustee City: ROCHESTER HILLS
  • Trustee Name: POTESTIVO AND ASSOCIATES PC
  • Trustee Address: 811 SOUTH BOULEVARD SUITE 100
  • Trustee State: MI
  • Trustee Zip: 48307
  • Trustee Phone: (248) 853-4400
  • Trustee Reference Number: 15-26152
  • Deed Category: NFS
  • Mortgage Balance: $46,809

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Public Records

  • Land Area Sqft: 4,356
  • APN: 50-008-16-0073-002
  • Property Type: Single Family Residence
  • Township: RIVER ROUGE
  • Subdivision: BURKE BROS
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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: 10-01-2015
  • Auction Time: 11:00 AM
  • Auction Address: THE CIRCUIT COURT WITHIN WAYNE COUNTY
  • Auction City: DETROIT

    Loan Information

  • 1st Mortgage Date: 10-22-2004
  • Mortgage Balance: $46,809

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Homes On This Street
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Frazier St
River Rouge, MI 48218

1 Bath   1,065 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 47224583

Property Information

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Public Records

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Property Description

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Listing URL

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